We recently published
10 Firms Outperform Wall Street With Surprising Gains. Etsy Inc. (NYSE:ETSY) was one of the best performers on Thursday.
Etsy snapped a five-day losing streak on Thursday, jumping 9.28 percent to finish at $48.14 apiece as investors took heart from the sale of its secondhand clothing app, Depop, while digesting strong revenues in the fourth quarter and full-year 2025.
In a statement, Etsy Inc. (NYSE:ETSY) said that it officially inked a definitive agreement with e-commerce giant eBay for an all-cash transaction of $1.2 billion.
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Depop is a mobile-first, community-powered fashion marketplace experiencing strong momentum with annual gross merchandise sales (GMS) of approximately $1 billion last year, including nearly 60 percent year-on-year growth in the US. As of December 31, 2025, the marketplace had 7 million active buyers.
Etsy Inc. (NYSE:ETSY) said that proceeds from the sale would be used for general corporate purposes, fund its share buyback program, and for investments in its core marketplace. The transaction is expected to be closed in the second quarter of 2026, subject to regulatory approvals.
In other news, Etsy Inc. (NYSE:ETSY) reported a 46.3 percent drop in its net income last year at $162.98 million, versus $303.28 million in 2024. Revenues inched up by 2.7 percent to $2.88 billion from $2.8 billion year-on-year.
In the fourth quarter alone, net income declined by 14.8 percent to $110.7 million from $129.9 million year-on-year, while revenues were at $881.6 million, or a 3.5 percent pickup from $852 million in the same quarter a year earlier.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
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Insider Monkey.
