Etsy shares surged following its acquisition of Depop, a move that bolstered its Q4 earnings report. The company reported $0.92 in earnings per share, exceeding analyst expectations of $0.85. Revenue reached $881.6 million, slightly below the $884.14 million consensus but up 6.6% year-over-year excluding Reverb.

Gross merchandise sales (GMS) hit $3.59 billion, rising 2.4% year-over-year, while the take rate stood at 24.5%. Adjusted EBITDA totaled $222.5 million, reflecting a 25.2% margin. The deal with Depop is seen as a strategic push to expand Etsy's market share in the resale and fashion sectors, aligning with its broader growth strategy.