How did Etsy's revenue and expenses trend in Q4 2024?

Etsy's revenue and expenses in Q4 2024 showed a notable increase in total operating expenses, while the revenue growth was more modest compared to previous segments.

1. **Revenue Trend**:
- Etsy's total revenue for Q4 2024 was $2.02 billion.
- This represents a significant increase from the previous quarter's revenue of $1.41 billion, indicating a strong revenue growth period.
2. **Expense Trend**:
- The total operating expenses for the same quarter were $493.15 million.
- This figure is consistent with the previous quarter's expenses, suggesting that Etsy maintained a stable expense level despite the revenue increase.
3. **Segmental Analysis**:
- The Markets segment contributed the most to revenue, with $2.02 billion in Q4 2024, followed by the Seller Services segment with $787.59 million and $542.74 million in the same period.
- The Markets segment also had the highest revenue in the previous quarter, indicating a strong performance and potential for continued growth.
4. **Seller Services Segment**:
- The Seller Services segment showed a slight increase in revenue, from $458.5 million to $787.59 million, suggesting a positive trend in this area.
- The revenue in this segment was lower than the Markets segment but still contributed significantly to Etsy's overall revenue.

In conclusion, Etsy experienced a robust revenue growth in Q4 2024, driven primarily by the Markets segment, while maintaining a stable expense level. The Seller Services segment also showed positive momentum, contributing to the overall success of the quarter.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|ETSY|ETSY.O|Etsy|20240101-2024|Seller Services|7.87588E8|185|
|ETSY|ETSY.O|Etsy|20240101-2024|Seller Services|5.42736E8|185|
|ETSY|ETSY.O|Etsy|20240101-2024|Seller Services|3.56401E8|185|
|ETSY|ETSY.O|Etsy|20240101-2024|Seller Services|1.78972E8|185|
|ETSY|ETSY.O|Etsy|20240101-2024|Markets|4.66982E8|185|
|ETSY|ETSY.O|Etsy|20240101-2024|Seller Services|1.78972E8|185|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|Operating Expenses|market_code|
|---|---|---|---|---|---|---|---|
|ETSY|ETSY.O|Etsy|2023 Q4|4.345790166753175|8.42322E8||185|
|ETSY|ETSY.O|Etsy|2024 Q1|0.792195694337603|6.45954E8||185|
|ETSY|ETSY.O|Etsy|2024 Q2|3.010132363136771|6.47806E8||185|
|ETSY|ETSY.O|Etsy|2024 Q3|4.10308312719432|6.6241E8||185|