This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to our financial guidance for the second quarter of 2023 and underlying assumptions and key drivers; our “vital few” initiatives and their ability to re-accelerate growth and increase our value proposition; our product development and marketing initiatives and their ability to improve customer experiences, engagement, increase customer spend and enhance our brand perception and awareness; our ability to attract, engage, retain and grow buyers and sellers; our investment approach and its positive impact on our growth and profitability; our ability to grow market share; our ability to re-accelerate our GMS/active buyer metric; the future of search on our marketplaces; and our ability to navigate the global macroeconomic uncertainty and volatility. Forward-looking statements include all statements that are not historical facts. In some cases, forward-looking statements can be identified by terms such as “anticipate,” “believe,” “could,” “enable,” “estimate,” “expect,” “goal,” “intend,” “may,” “outlook,” “plan,” “potential,” “target,” “will,” or similar expressions and derivative forms and/or the negatives of those words.
Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. These risks and uncertainties include: (1) the level of demand for our services or products sold in our marketplaces and our ability to support our recent growth; (2) the importance to our success of the trustworthiness of our marketplaces and our ability to attract and retain active and engaged communities of buyers and sellers; (3) risks related to the COVID-19 pandemic; (4) the fluctuation of our quarterly operating results; (5) our failure to meet our publicly announced guidance or other expectations; (6) if we or our third-party providers are unable to protect against technology vulnerabilities, service interruptions, security breaches, or other cyber incidents; (7) our dependence on continued and unimpeded access to third-party services, platforms, and infrastructure; (8) macroeconomic events that are outside of our control; (9) operational and compliance risks related to our payments systems; (10) our ability to recruit and retain employees; (11) our ability to compete effectively; (12) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (13) our ability to demonstrate progress against our environmental, social, and governance Impact strategy; (14) our efforts to expand internationally; (15) our ability to successfully integrate and receive the expected benefits from the Depop and Elo7 acquisitions; (16) acquisitions that may prove unsuccessful or divert management attention; (17) regulation in the area of privacy and protection of user data; and (18) litigation and regulatory matters, including intellectual property claims. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2022, and subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur.
Forward-looking statements represent our beliefs and assumptions only as of the date hereof. We disclaim any obligation to update forward-looking statements.
Etsy is the global marketplace for unique and creative goods. We connect millions of buyers and sellers from nearly every country around the world to leverage the power of business. Our mission is to "Keep Commerce Human."
We operate four values-aligned, non-commoditized and loved e-commerce brands that connect millions of passionate and creative buyers and sellers around the world
Since 2019, our core Etsy marketplace has been transformed: becoming a ‘household’ name in core regions and 2.5X 2019 size; with a Right to Win strategy focused on gaining share of a very large and growing TAM
Our goal is that all four marketplaces will benefit from shared expertise in product, marketing, technology, and customer support, so that the sum of the whole, over time, will equal more than its individual parts
Our capital light business model allows for investments that we believe can enable long-term growth while also delivering strong profitability and operating cash flow
Etsy’s leadership team is focused on delivering positive results for our business AND impact to our communities
Etsy has used, and intends to continue using, its investor relations website and the Etsy News Blog (blog.etsy.com/news) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings and public conference calls and webcasts.
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