Today Etsy posted its Q1 financial results, with the company’s CFO saying “The first quarter of 2025 played out largely as expected.”
In Q1, Etsy’s consolidated revenue reached $651.2 million, reflecting an increase of 0.8% compared to Q1 2024; however, the company reported a net loss of $52.1 million, or 49 cents per share, primarily due to a $101.7 million impairment charge related to the sale of Reverb.
Today, Lanny Baker, Etsy’s CFO told investors, “GMS trends were consistent with what we saw in the fourth quarter of 2024, our take rate reached a new quarterly high, and adjusted EBITDA margin remained healthy. In fact, adjusted EBITDA margin was slightly stronger than we expected for the quarter, reflecting both the efficiency of our business model and effective expense management.”
“We are keeping a clear eye on Etsy’s long-term opportunities, while also staying nimble in the face of uncertainty given recent tariff announcements and the fluid state of consumer confidence in our core markets,” Baker concluded.
Josh Silverman, Etsy CEO, stated, “Etsy’s first quarter 2025 financial results were aligned with our expectations, with solid adjusted EBITDA performance despite pressure on the top line. We’re excited to see green shoots, particularly in our App metrics, indicating that our work to build deeper connections with buyers and encourage more frequent visits is taking hold. By leveraging the power of artificial intelligence and machine learning, we’re creating a more inspiring and engaging app experience that provides us with richer insights to personalize Etsy in meaningful ways for each buyer.
Moving into Q2, Silverman said, “We believe our seasoned team is ready to drive the next phase of Etsy’s growth and success, and that our resilient two-sided marketplace business model can help us weather macroeconomic volatility.”
By CEO NA Editorial Staff
