- Business
- Etsy, Inc. maintains global digital platforms designed to unite individual creators and collectors with diverse consumers worldwide. The core Etsy.com marketplace serves as a prominent destination for distinctive handcrafted goods, vintage treasures at least two decades old, and artistic supplies. The company also oversees Depop, a vibrant online fashion resale venue. For its extensive community of sellers, Etsy provides a comprehensive suite of tools and services. These include streamlined payment processing, integrated advertising options to boost visibility, and discounted shipping label procurement in eligible countries. Additionally, sellers benefit from centralized management dashboards for order tracking and inventory control, mobile applications for on-the-go shop administration, insightful analytics for business growth, and promotional functionalities like targeted offers. The platform further supports its entrepreneurs through educational guides, video tutorials, online discussion forums, and dedicated community initiatives, fostering a supportive environment. Etsy's business model generates revenue through a combination of marketplace activities, such as listing fees, transaction percentages, and payment processing charges, alongside optional seller services including on-site advertising. As of late 2024, the company's consolidated marketplaces engaged approximately 8 million active sellers and drew in around 95 million active buyers, offering more than 100 million items for sale. Annual revenue for 2024 reached approximately $2.856 billion. In recent developments, Etsy announced a leadership transition, with Kruti Patel Goyal slated to become Chief Executive Officer on January 1, 2026, while Josh Silverman will assume the role of Executive Chair. The company also disclosed its intention to transfer its common stock listing from Nasdaq to the New York Stock Exchange, effective October 10, 2025. Furthermore, Etsy completed the sale of its musical instrument marketplace, Reverb, on June 2, 2025. The company continues to enhance its user experience by integrating artificial intelligence, notably launching "Gift Mode" in 2024 to assist buyers with personalized recommendations. Etsy, Inc. originated in 2005 and maintains its corporate headquarters in Brooklyn, New York.