Etsy press release (NASDAQ:ETSY): Q2 GAAP EPS of $0.25 misses by $0.24.
Revenue of $672.66M (+3.8% Y/Y) beats by $24.92M.
GMS was $2.8 billion, down 4.8% year-over-year and down 5.8% on a currency-neutral basis. Excluding Reverb, consolidated GMS was $2.7 billion in the second quarter of 2025, down 2.6% year-over-year on the same basis.
Non-GAAP Adjusted EBITDA was $169.0 million, with consolidated non-GAAP Adjusted EBITDA margin of approximately 25.1%.
Etsy ended the second quarter with $1.5 billion in cash and cash equivalents and short- and long-term investments.
“With approximately $1.5 billion in cash and cash equivalents and short- and long-term investments at the end of the period, and expectations for continued strong free cash flow generation, we are very confident in Etsy’s financial flexibility to continue stock repurchases, manage our debt balance, and make ongoing investments in Etsy and Depop.”
