DivestmentAug 5, 2026, 04:18 PM
Etsy Completes Depop Sale to eBay for $1.4B
AI Summary
Etsy completed the sale of its Depop fashion resale marketplace to eBay for an aggregate cash consideration of $1.4 billion, expecting an estimated gain of $840 million. For Q2 2026, revenue from continuing operations rose to $668.3 million, with net income from continuing operations at $114.3 million. However, the company reported a total net loss of $46.7 million for the quarter, primarily due to discontinued operations. Year-to-date, net income from continuing operations was $219.0 million, and Etsy repurchased $394.9 million of its stock.
Key Highlights
- Completed sale of Depop to eBay for $1.4 billion in cash.
- Expects to recognize an estimated gain of $840 million on Depop disposal.
- Q2 2026 revenue from continuing operations increased to $668.3 million.
- Q2 2026 net income from continuing operations was $114.3 million.
- Total net loss for Q2 2026 was $46.7 million.
- YTD 2026 net income from continuing operations reached $219.0 million.
- Repurchased $394.9 million of stock during the first six months of 2026.
Price Impact
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