Etsy

Etsy, Inc.
TypePublic
IndustryE-commerce
FoundedJune 18, 2005 (2005-06-18)
Founders
  • Robert Kalin
  • Chris Maguire
  • Haim Schoppik
  • Jared Tarbell
HeadquartersBrooklyn, New York, U.S.
Key people
Josh Silverman (CEO)
RevenueIncrease US$2.33 billion (2021)
Increase US$465.7 million (2021)
Increase US$493.5 million (2021)
Total assetsIncrease US$3.83 billion (2021)
Total equityDecrease US$628.6 million (2021)
Number of employees
2,402 (December 2021)
SubsidiariesDepop
Websiteetsy.com
Footnotes / references
[1]

Etsy, Inc. is an American e-commerce company focused on handmade or vintage items and craft supplies. These items fall under a wide range of categories, including jewelry, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools. Items described as vintage must be at least 20 years old.[2] The site follows in the tradition of open craft fairs, giving sellers personal storefronts where they list their goods for a fee of US$0.20 per item.[3]

As of 31 December 2021, Etsy had over 120 million items in its marketplace,[1] and the online marketplace for handmade and vintage goods connected 7.5 million sellers with 96.3 million buyers.[1] At the end of 2021, Etsy had 2,402 employees.[1] In 2021, Etsy had total sales, or Gross Merchandise Sales (GMS), of US$13.5 billion on the platform.[1] In 2021, Etsy garnered a revenue of US$2.3 billion and registered a net income of US$493.5 million.[1] The platform generates revenue primarily from three streams: its Marketplace revenue includes a fee of 6.5% of final sale value,[4] which an Etsy seller pays for each completed transaction, on top of a listing fee of 20 cents per item; Seller Services, Etsy's fastest growing revenue stream, includes fees for services such as "Promoted Listings", payment processing, and purchases of shipping labels through the platform; while Other revenue includes fees received from third-party payment processors.[5]

  1. ^ a b c d e f "Etsy, Inc. 2021 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 25 February 2022.
  2. ^ Etsy. "Vintage Items on Etsy". Etsy. Retrieved 10 July 2020.
  3. ^ Walker, Rob (2007-12-16). "Handmade 2.0". The New York Times Magazine. Retrieved 2007-12-17.
  4. ^ Sato, Mia (2022-02-24). "Etsy hits sellers with 30 percent transaction fee increase". The Verge. Retrieved 2022-02-24.
  5. ^ "Alibaba video, Etsy IPO All You Need To Know". Archived from the original on 2 April 2015. Retrieved 29 July 2015.

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