• Etsy average ebitda margin for 2023 was -4.47%, a 356.12% decline from 2022.
• Etsy average ebitda margin for 2022 was -0.98%, a 103.77% increase from 2021.
• Etsy average ebitda margin for 2021 was 26%, a 14.69% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.