Etsy 2015 Annual Report Download - page 51
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Results of Operations
The following tables show our results of operations for the periods presented and express the relationship of certain line items as a percentage of revenue for
those periods. The period-to-period comparison of financial results is not necessarily indicative of future results.
Revenue:
Marketplace $ 78,544
$ 108,732
$ 132,648
Seller Services 42,817
82,502
136,608
Other 3,661
4,357
4,243
Total revenue 125,022
195,591
273,499
Cost of revenue 47,779
73,633
96,979
Gross profit 77,243
121,958
176,520
Operating expenses:
Marketing 17,850
39,655
66,771
Product development 27,548
36,634
42,694
General and administrative 31,112
51,920
68,939
Total operating expenses 76,510
128,209
178,404
Income (loss) from operations 733
(6,251)
(1,884)
Other expense, net (675)
(4,009)
(26,110)
Income (loss) before income taxes 58
(10,260)
(27,994)
Provision for income taxes (854)
(4,983)
(26,069)
Net loss $ (796)
$ (15,243)
$ (54,063)
Revenue:
Marketplace 62.8 %
55.6 %
48.5 %
Seller Services 34.2
42.2
49.9
Other 2.9
2.2
1.6
Total revenue 100.0
100.0
100.0
Cost of revenue 38.2
37.6
35.5
Gross profit 61.8
62.4
64.5
Operating expenses:
Marketing 14.3
20.3
24.4
Product development 22.0
18.7
15.6
General and administrative 24.9
26.5
25.2
Total operating expenses 61.2
65.5
65.2
Income (loss) from operations 0.6
(3.2)
(0.7)
Other expense, net (0.5)
(2.0)
(9.5)
Income (loss) before income taxes —
(5.2)
(10.2)
Provision for income taxes (0.7)
(2.5)
(9.5)
Net loss (0.6)
(7.8)
(19.8)
47