Wrapping up Q4 earnings, we look at the numbers and key takeaways for the online marketplace stocks, including Etsy (NYSE: ETSY) and its peers.

Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition.

The 12 online marketplace stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.5% while next quarter’s revenue guidance was in line.

In light of this news, share prices of the companies have held steady as they are up 3% on average since the latest earnings results.

Etsy (NYSE: ETSY)

Founded by a struggling amateur furniture maker Robert Kalin and his two friends, Etsy (NYSE: ETSY) is one of the world’s largest online marketplaces, focusing on handmade or vintage items.

Etsy reported revenues of $881.6 million, up 3.5% year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with an impressive beat of analysts’ EBITDA estimates but a decline in its buyers.

"Our clear strategic focus and solid execution are driving progress on the journey to bring the Etsy marketplace back to sustained growth," said Kruti Patel Goyal, President and Chief Executive Officer of Etsy, Inc.

Interestingly, the stock is up 25% since reporting and currently trades at $55.05.

Is now the time to buy Etsy? Access our full analysis of the earnings results here, it’s free.

Best Q4: eBay (NASDAQ: EBAY)

Originally known as the first online auction site, eBay (NASDAQ: EBAY) is one of the world’s largest online marketplaces.

eBay reported revenues of $2.97 billion, up 15% year on year, outperforming analysts’ expectations by 3%. The business had an exceptional quarter with revenue guidance for next quarter exceeding analysts’ expectations.

The market seems happy with the results as the stock is up 18.3% since reporting. It currently trades at $97.25.

Is now the time to buy eBay? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Shutterstock (NYSE: SSTK)

Originally featuring a library that included many of founder Jon Oringer’s photos, Shutterstock (NYSE: SSTK) is now a digital platform where customers can license and use hundreds of millions of pieces of content.

Shutterstock reported revenues of $220.2 million, down 12% year on year, falling short of analysts’ expectations by 12.7%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and EBITDA estimates.

Shutterstock delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 2.2% since the results and currently trades at $16.90.

Read our full analysis of Shutterstock’s results here.

EverQuote (NASDAQ: EVER)

Aiming to simplify a once complicated process, EverQuote (NASDAQ: EVER) is an online insurance marketplace where consumers can compare and purchase various types of insurance from different providers

EverQuote reported revenues of $195.3 million, up 32.5% year on year. This result beat analysts’ expectations by 10.4%. More broadly, it was a mixed quarter as it also produced a solid beat of analysts’ EBITDA estimates but revenue guidance for next quarter missing analysts’ expectations.

EverQuote delivered the biggest analyst estimates beat among its peers. The stock is flat since reporting and currently trades at $15.23.

Read our full, actionable report on EverQuote here, it’s free.

Sea (NYSE: SE)

Founded in 2009 and a publicly traded company since 2017, Sea (NYSE: SE) started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia.

Sea reported revenues of $6.82 billion, up 37.2% year on year. This number topped analysts’ expectations by 6.1%. Taking a step back, it was a mixed quarter as it also logged a solid beat of analysts’ revenue estimates but a miss of analysts’ EBITDA estimates.

The company reported 58 million users, up 15.1% year on year. The stock is down 19.2% since reporting and currently trades at $85.00.

Read our full, actionable report on Sea here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.