Etsy stock sinks on mixed earnings, CEO change — growth chief to replace Silverman
Summary
Etsy announced that CEO Josh Silverman will step down at the end of the year and become executive chairman through 2026. Kruti Patel Goyal, Etsy’s president and chief growth officer, will become CEO on January 1, 2026. The company released the leadership news alongside mixed quarterly results, with revenue beating estimates but gross merchandise sales and active buyers declining year over year. Etsy also highlighted its push into AI and its recent OpenAI partnership as part of its growth strategy.
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