Etsy (NYSE:ETSY), the Brooklyn-based e-commerce platform for handmade and vintage goods, reported fourth-quarter results that surpassed Wall Street expectations.
The company posted net income of $110.7 million, or 92 cents per share, topping the 88-cent average estimate of 10 analysts surveyed by Zacks Investment Research.
Revenue for the period reached $881.6 million, narrowly exceeding the $881.5 million anticipated by the market.
The results reflect a 6.6% year-over-year revenue increase when excluding the recently divested Reverb business.
Total Gross Merchandise Sales (GMS) for the core Etsy marketplace returned to growth, edgeing up 0.1% as the company benefited from "agentic shopping" partnerships with Google and Microsoft.
For the full year 2025, Etsy generated $2.88 billion in revenue and a profit of $163 million.
Looking ahead to the first quarter of 2026, Etsy projected GMS in the range of $2.38 billion to $2.43 billion, with adjusted EBITDA margins expected between 28% and 30%.