In 2023, Etsy, an e-commerce website company specialized in craft and vintage items, generated revenues worth 2.7 billion U.S. dollars, up from the 2.6 billion generated in the previous year. Most products on Etsy are sold by independent sellers.
Etsy's rise to the top
Etsy launched in 2005 and went public in 2015 after a decade of operations, and is now one of the leading online marketplaces globally.The company generates revenue from three primary segments: marketplace revenues including fees for sales transactions and listings, seller service revenues, and other revenues including third-party payment processor fees. In recent years, Etsy’s marketplace has established itself as the most profitable segment, surpassing one billion dollars for the first time in 2020.
Mobile shopping
Etsy has successfully capitalized on the increasing use of mobile shopping. The Etsy mobile app regularly reaches millions of downloads on a monthly basis. Downloads for the Etsy buyer app peaked in December of 2022, reaching over 2.5 million in that month alone. With such high numbers of downloads worldwide, it comes as no surprise that mobile accounts for roughly two-thirds of Etsy’s gross merchandise volume.
Annual revenue of Etsy Inc. from 2012 to 2023
(in million U.S. dollars)
Characteristic
Revenues in million U.S. dollars
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Etsy. (February 22, 2024). Annual revenue of Etsy Inc. from 2012 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved August 31, 2024, from https://www.statista.com/statistics/409371/etsy-annual-revenue/?locale=en
Etsy. "Annual revenue of Etsy Inc. from 2012 to 2023 (in million U.S. dollars)." Chart. February 22, 2024. Statista. Accessed August 31, 2024. https://www.statista.com/statistics/409371/etsy-annual-revenue/?locale=en
Etsy. (2024). Annual revenue of Etsy Inc. from 2012 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 31, 2024. https://www.statista.com/statistics/409371/etsy-annual-revenue/?locale=en
Etsy. "Annual Revenue of Etsy Inc. from 2012 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 22 Feb 2024, https://www.statista.com/statistics/409371/etsy-annual-revenue/?locale=en
Etsy, Annual revenue of Etsy Inc. from 2012 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/409371/etsy-annual-revenue/?locale=en (last visited August 31, 2024)
Annual revenue of Etsy Inc. from 2012 to 2023 (in million U.S. dollars) [Graph], Etsy, February 22, 2024. [Online]. Available: https://www.statista.com/statistics/409371/etsy-annual-revenue/?locale=en