New York, Feb 23, 2026, 09:06 EST — Premarket
- Etsy shares hardly budged in premarket trade, following an 8.4% surge on Friday.
- Etsy’s move to offload Depop, along with a lighter forecast for the first quarter, continues to sit with investors.
- Futures slipped, unsettled by renewed uncertainty over U.S. tariffs, and broader risk appetite faltered.
Etsy held steady at $52.18 in premarket moves Monday, matching Friday’s close, when it jumped 8.39%. 1
The stock fought to keep last week’s rebound alive, but U.S. index futures slipped ahead of the open. Traders remained skittish about changing tariff policy and its potential hit to consumer spending. 2
Etsy and eBay announced that eBay is set to acquire Depop for roughly $1.2 billion in cash. According to Etsy Chief Executive Kruti Patel Goyal, the move allows Etsy to “focus exclusively” on its main marketplace. Etsy intends to put the sale proceeds toward general corporate needs, more share buybacks, and further investment in its primary platform. 3
Etsy reported quarterly revenue of $881.6 million and projected first-quarter gross merchandise sales between $2.38 billion and $2.43 billion. Cash and investments stood at $1.8 billion as the quarter closed, with $133 million in stock bought back during the fourth quarter. The company cited early signs from recent product and marketing efforts showing in its customer data. 4
CFRA’s Arun Sundaram, in a note after the divestiture announcement, said “Depop had largely been overlooked by investors,” and described the valuation as a positive surprise. Etsy CFO Lanny Baker told analysts the outlook factored in generally steady consumer spending. 5
eBay’s CEO Jamie Iannone pointed to rising resale interest as the driver for the deal, saying, “the younger generation is very focused on pre-loved apparel,” in comments to Reuters. 6
Tariff chatter resurfaced outside the company. U.S. Customs and Border Protection announced it will halt collection of certain tariffs starting 12:01 a.m. EST on Tuesday, following a Supreme Court decision. Meanwhile, a fresh 15% global tariff has been rolled out under separate authority. 7
Plenty could trip up this trade. The Depop sale hasn’t cleared regulators yet, and Etsy must still meet closing conditions. Its own forecast points to a sluggish kickoff to the year as the company wrestles with fierce online retail rivals and tries to jumpstart growth in its main marketplace.
Investors are watching for updates on Etsy’s buyback activity and the timeline for wrapping up the Depop acquisition, with Tuesday’s U.S. consumer confidence report also on their radar as a gauge of discretionary spending. 8
