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).
- Trend Analysis of Revenue Components
-
The data shows a consistent upward trend in all reported revenue categories from the end of 2017 through the end of 2021.
Marketplace revenue increased steadily, more than quintupling over the five-year period. Starting at approximately 329 million US dollars in 2017, it rose to nearly 1.75 billion US dollars by the end of 2021. Notably, the largest year-over-year increases occurred between 2019 and 2020, and again between 2020 and 2021, indicating accelerated growth during these periods.
Services revenue also exhibited strong growth, expanding from around 112 million US dollars in 2017 to over 583 million US dollars in 2021. This represents an increase of more than five times the initial value. Similar to marketplace revenue, services revenue experienced significant jumps particularly from 2019 to 2020 and 2020 to 2021, reflecting growing contribution from services to total revenue.
- Total Revenue
-
Total revenue shows a robust increase throughout the timeframe, rising from approximately 441 million US dollars at the end of 2017 to nearly 2.33 billion US dollars by the end of 2021. This growth reflects both components described previously, and the data suggest a combined effect of substantial expansion in both marketplace and services segments.
The total annual growth accelerates notably in 2020 and 2021, which may indicate successful strategies or market conditions favoring increased revenue generation. The year-over-year growth rate of total revenue effectively doubles between 2019 to 2020 compared to prior years.
- Insights and Observations
-
The consistent upward trends across all revenue categories indicate strong business performance and successful scaling over this period. Both marketplace and services revenues contribute significantly to the total revenue increase, with marketplace revenue consistently being the larger component but services revenue growing at a comparable pace percentage-wise.
The sharp increases in revenue starting in 2020 may be attributed to strategic shifts, increased market demand, or external factors influencing customer behavior, reflecting a period of rapid expansion.