Etsy’s stock jumped 9.28% after the company announced it would sell its secondhand clothing app, Depop, to eBay for $1.2 billion. This sale, combined with strong fourth-quarter and full-year 2025 revenues, helped investors overlook a reported 46.3% drop in net income for the previous year. The proceeds from the sale are intended for corporate purposes, a share buyback program, and core marketplace investments.
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Etsy (ETSY) Jumps 9% on Depop Sale, Earnings Blowout
Etsy’s stock jumped 9.28% after the company announced it would sell its secondhand clothing app, Depop, to eBay for $1.2 billion. This sale, combined with strong fourth-quarter and full-year 2025 revenues, helped investors overlook a reported 46.3% drop in net income for the previous year. The proceeds from the sale are intended for corporate purposes, a share buyback program, and core marketplace investments.