Analysis of Revenues
Revenues as Reported
Etsy Inc., income statement, revenues
US$ in thousands
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Total revenue experienced a consistent and significant upward trajectory between 2017 and 2021, growing from US$ 441.2 million to US$ 2.33 billion. The most notable acceleration occurred during the 2019-2020 period, where total revenue increased by approximately 111% in a single fiscal year.
- Marketplace Revenue Trends
- Marketplace revenue served as the primary driver of growth, increasing from US$ 329.4 million in 2017 to US$ 1.75 billion in 2021. The most aggressive expansion was observed in 2020, with a year-over-year increase of roughly 119%, followed by continued growth of 34% in 2021.
- Services Revenue Trends
- Services revenue demonstrated steady growth, rising from US$ 111.9 million in 2017 to US$ 583.3 million in 2021. Similar to marketplace revenue, a significant spike occurred in 2020, reflecting an 88% increase over the 2019 figures.
- Revenue Mix and Composition
- The proportion of revenue derived from marketplace activities relative to services remained stable over the five-year period. Marketplace revenue consistently accounted for approximately 74% to 75% of total revenue, indicating that the scaling of the business occurred proportionally across both revenue streams.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?