Business
Etsy Announces New $750 Million Share Repurchase Authorization and appointment of Fred Wilson as Lead Independent Director
Etsy, Inc. (NYSE: ETSY), the global marketplace for unique and creative goods, today announced that its Board of Directors has approved a new $750 million share repurchase authorization. When combined with the estimated remaining capacity of over $200 million1 under the Company's existing share repurchase Board authorization, Etsy will have authorization for close to $1 billion of potential future share repurchases.
About this update from Etsy, Inc.
[{"type":"text","content":"BROOKLYN, N.Y., Dec. 18, 2025 /PRNewswire/ -- Etsy, Inc. (NYSE: ETSY), the global marketplace for unique and creative goods, today announced that its Board of Directors has approved a new $750 million share repurchase authorization. When combined with the estimated remaining capacity of over $200 million1 under the Company's existing share repurchase Board authorization, Etsy will have authorization for close to $1 billion of potential future share repurchases.","length":469,"tagName":"p"},{"type":"text","content":"In addition, the Board has appointed the current Chair of the Board, Fred Wilson, as Lead Independent Director effective January 1, 2026. The appointment follows the previously announced leadership transition in which Kruti Patel Goyal will become Chief Executive Officer and Josh Silverman will step down as Chief Executive Officer to become Executive Chair, effective the same date.","length":384,"tagName":"p"},{"type":"text","content":"Commenting on the share repurchase authorization, Mr. Silverman said, "We see significant value in our shares, and we and our Board have confidence in the near-term growth priorities that have been put in place by our incoming Chief Executive Officer, Kruti Patel Goyal. Given we had approximately $1.6 billion2 in cash at the most recent quarter-end, and generated strong free cash flow, this new authorization will allow us to continue our track record of share repurchases, while also making strategic and disciplined investments in support of both Etsy's and Depop's growth."","length":597,"tagName":"p"},{"type":"text","content":"Silverman added, "Appointing a Lead Independent Director is an important governance best practice, and Fred is exceptionally well suited for this position. He oversaw our previous leadership transition at Etsy, and brings deep experience, strong independent judgment, and a long history of thoughtful stewardship. I'm grateful for his continued partnership as he steps into this important role."","length":409,"tagName":"p"},{"type":"text","content":""I'm honored to become Etsy's Lead Independent Director at this exciting time for the Company," said Wilson. "I look forward to working closely with Josh and Kruti, and the rest of Etsy's leadership team, to help guide the Company as it enters its next chapter...