ETSY - Etsy Inc. (ETSY) Presents at Canaccord Genuity's 4th Annual eCommerce Sustainable Advantage Conference (Transcript)
2024-03-14 19:08:09 ET
Etsy, Inc. (ETSY)
Canaccord Genuity's 4th Annual eCommerce Sustainable Advantage Conference
March 14, 2024, 03:00 PM ET
Company Participants
Rachel Glaser - CFO
Josh Silverman - CEO
Deb Wasser - VP, IR
Conference Call Participants
Maria Ripps - Canaccord Genuity
Presentation
Maria Ripps
Good afternoon, everyone, and welcome to our keynote session. For those of you who are just joining, I'm Maria Ripps, Internet Analyst here at Canaccord Genuity. And I couldn't be more excited to introduce Josh Silverman, Etsy's CEO; Rachel Glaser, CFO; and Deb Wasser, Head of IR and ESG Engagement. Josh, Rachel and Deb, thank you so much for joining us for even this year, it's still great to see all of you. And with that, I think, Rachel, I should turn it over to you for a minute.
Rachel Glaser
Just for a quick second. Thank you, Maria, and thank you for hosting us at your conference. I just wanted to direct everybody to the safe harbor statement that Etsy has on its IR website. So please refer there for our safe harbor. Thank you.
Maria Ripps
Perfect. So Josh you and Rachel have been with the company for about 7 years now, and the platform has evolved a lot, including significantly better overall consumer experience, more advanced search and improving brand awareness. As we get started, can you maybe spend a minute talking about that evolution? And what are some of the key strategic priorities for you over the next couple of years?
Josh Silverman
Yes, absolutely. So going back to 2017, when we joined the company, Etsy's growth had slowed very, very significantly, and there were new competitors. For example, Amazon had launched Amazon Handmade. And I think the market had concluded that Etsy was about as big as it could be and that competition was too fierce and that the future was not bright for Etsy. And at that time, Etsy was doing about $3.3 billion of gross merchandise sales....
Etsy, Inc. (ETSY) Presents at Canaccord Genuity's 4th Annual eCommerce Sustainable Advantage Conference (Transcript)