eBay is laying off about 800 employees, or 6% of its full-time workforce, saying the move is a push to align with its “strategic priorities.” It comes a week after the company announced it was acquiring second-hand clothing app Depop from rival Etsy for $1.2 billion.
Etsy: Green Shoots Are Materializing
Etsy beats on Q4 revenues and EPS estimates as ad strength lifts sales, but earnings and margins decline year over year.
Ebay is acquiring peer-to-peer secondhand fashion platform Depop from Etsy in an all-cash deal valued at $1.2 billion, the company announced. The move will create synergistic growth opportunities across eBay's expanding fashion business, which delivered $10 billion in gross merchandise value and grew 10% last year.
Etsy is getting a lift today—for selling a business for less than it paid to buy it.
Etsy is joining the Prompt Economy in a big way. Its fourth-quarter results, reported Friday (Feb. 19), showed improving buyer engagement and its first positive year-over-year gross merchandise sales (GMS) comparison since 2023.
The headline numbers for Etsy (ETSY) give insight into how the company performed in the quarter ended December 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, XETRA:3E2) shares jumped more than 11% on Thursday after the company announced it will sell its fashion resale app Depop to eBay for approximately $1.2 billion in cash, as the online marketplace reported mixed fourth quarter financial results. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.
Etsy (ETSY) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $1.03 per share a year ago.
Online seller eBay wants a bigger share of the Gen Z market.
Etsy on Wednesday said it was selling the online secondhand-clothing site Depop to eBay for around $1.2 billion, in an effort to focus more deeply on its main marketplace business.
Etsy is selling Depop, a secondhand clothing app popular with Gen Z and millennials, to eBay for $1.2 billion in cash, the company announced on Wednesday. Etsy says the deal will allow it to focus on its own marketplace.