Etsy is continuing its focus on artificial intelligence (AI) as it names new leadership. The online marketplace released earnings Wednesday (Oct. 29) showing gross merchandise sales of $2.72 billion, down 6.5% year over year.
Etsy faces continued sales disappointments and leadership changes, with shares dropping 7% post-Q3 earnings and further downside likely. ETSY's integration with ChatGPT fueled a rally earlier this year, but it has not delivered meaningful growth or improved fundamentals, raising concerns about future prospects. Despite increased spending on product development and marketing, ETSY's margins are under pressure, and adjusted EBITDA is declining year-over-year.
Etsy (ETSY) shares dropped nearly 9% Wednesday afternoon as the online marketplace announced a shakeup in its leadership.
Etsy, Inc. ( ETSY ) Q3 2025 Earnings Call October 29, 2025 8:30 AM EDT Company Participants Debra A. Wasser Joshua Silverman - CEO & Director Kruti Goyal - President & Chief Growth Officer Charles Baker - Chief Financial Officer Conference Call Participants Maria Ripps - Canaccord Genuity Corp., Research Division Steven Forbes - Guggenheim Securities, LLC, Research Division Anna Andreeva - Piper Sandler & Co., Research Division Bryan Smilek - JPMorgan Chase & Co, Research Division Eric Sheridan - Goldman Sachs Group, Inc., Research Division Youssef Squali - Truist Securities, Inc., Research Division Nikhil Devnani - Sanford C.
Online marketplace Etsy said on Wednesday that its long-time CEO, Josh Silverman, would step down by the end of the year.
The headline numbers for Etsy (ETSY) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Etsy Inc (NASDAQ:ETSY, ETR:3E2) on Wednesday reported third quarter 2025 earnings that topped Wall Street expectations but revealed a 6.5% decrease in gross merchandise sales (GMS) and a decline in active buyers and sellers. The online marketplace also announced that its CEO Josh Silverman will step down from his position and move to the role of executive chair at the end of the year.
Etsy (ETSY) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago.
Etsy CEO Josh Silverman will be replaced by the company's current president and chief growth officer.
Etsy said Josh Silverman will step down as CEO and be replaced by Depop chief Kruti Patel Goyal. In this article ETSY
Online marketplace Etsy named insider Kruti Goyal as its new chief executive officer, effective January 1, replacing Josh Silverman after eight years in the role.