Etsy reported second-quarter 2026 revenue that exceeded expectations, announced job cuts, sold its Depop subsidiary to eBay, and authorized a new US$2 billion share repurchase program. The stock has risen 38.8% year to date, with a one-year total shareholder return of 19.5%, though the five-year return remains materially lower. Etsy closed at $79.48, slightly above a widely followed fair value estimate of $76.33, while a Simply Wall St discounted cash flow model suggests a fair value of $156.94 per share. The company faces ongoing pressure from higher marketing spend and softer buyer metrics that could challenge growth and margin assumptions.
Etsy, Inc.Etsy beats revenue, announces $2B buyback, and sells Depop.
eBay IncEtsy sells Depop to eBay, expanding eBay's marketplace portfolio.
