Recent Updates — ETSY
Etsy completed the sale of its wholly-owned subsidiary Depop to eBay on July 30, 2026, receiving approximately $1.4 billion in cash. This amount reflects a base purchase price of $1.2 billion plus $200 million in net purchase price adjustments and interest. The transaction allows Etsy to focus exclusively on its core marketplace for unique and creative goods. Proceeds are intended for general corporate purposes, including accelerating share repurchases. Etsy operates an online marketplace connecting creative entrepreneurs with buyers.
Etsy, Inc. entered into a Second Amendment to the Sale and Purchase Agreement with eBay Inc. regarding the sale of its wholly-owned subsidiary, Depop Limited, to eBay. Following the UK Competition and Markets Authority clearance, the parties expect the following to occur: the transaction closing on July 30, 2026, or the second business day after all closing conditions are met. The amendment also resets the termination fees to $68 million if terminated between June 30 and July 15, 2026, and $158 million if terminated after July 15, 2026. Etsy, Inc. operates in the e-commerce industry and provides an online marketplace for unique and creative goods.
Etsy, Inc. entered into a letter agreement with eBay Inc. regarding the sale of its subsidiary, Depop Limited, for an approximate purchase price of $1.2 billion. The transaction's closing has been delayed from the second quarter to the end of the third quarter of 2026. The agreement includes various termination fee provisions, including a potential additional fee payable by eBay of up to $136 million depending on the timing of the termination.
Etsy, Inc. issued a shareholder letter on April 29, 2026, announcing its financial results for the quarter ended March 31, 2026. The filing provides the company's quarterly operational and financial performance updates through the attached exhibit.
Etsy, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2025, via a press release issued on February 19, 2026. The specific financial figures are contained in the accompanying Exhibit 99.1.