Etsy reported third-quarter revenue of $692.5 million, a 10.9% increase year-over-year, driven by an 8.8% rise in Gross Merchandise Sales to $2.6 billion and a take rate expansion to 26.2%. Adjusted EBITDA reached $210.4 million with a margin of 30.4%, while the company repurchased approximately $394.6 million in stock during the quarter. Concurrently, Chief Financial Officer Lanny Baker announced his departure effective March 1, 2027, after which he will serve as an advisor through July 1, 2027. Etsy operates a global online marketplace connecting creative entrepreneurs with buyers seeking unique and handcrafted goods.
