Disclaimer

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 third second quarter of 2021 and key drivers thereof, the uncertain impact that the COVID-19 pandemic or its abatement may have on our business, strategy, operating results, key metrics, financial condition, profitability and cash flows, on our product delivery goals, on changes in the overall levels of consumer spending, on e-commerce generally and on volatility in the global economy; the impact of our strategy, marketing and product initiatives on our business and operating results; our future investments, our intended environmental, social and ecological impacts; and the size and our ability to capitalize on our large market opportunity; the anticipated impact of sharing expertise across Etsy’s House of Brands; and the potential impact of our acquisition of Depop and Elo7 on our market opportunity and on Etsy’s future consolidated financial results. Forward-looking statements include all statements that are not historical facts. In some cases, forward-looking statements can be identified by terms such as “aim,” “anticipate,” “believe,” “could,” “enable,” “estimate,” “expect,” “goal”, “intend,” “may,” “plan,” “potential,” “target,” “will,” or similar expressions and 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) our ability to continue our rapid growth; (2) risks related to the ongoing COVID-19 pandemic, which continues to impact our business and results of operations in numerous ways that remain volatile and unpredictable, and risks related to the pandemic’s abatement and return to pre-COVID consumer shopping behavior; (3) the fluctuation of our quarterly operating results; (4) our failure to meet our publicly announced guidance or market expectations; (5) our ability to successfully execute on our business strategy or if our strategy proves to be ineffective; (6) our ability to attract and retain an active and engaged community of sellers and buyers; (7) macroeconomic events that are outside of our control; (8) our ability to recruit and retain employees; (9) the importance to our success of the trustworthiness of our marketplaces and the connections within our community; (10) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (11) the effectiveness of our marketing efforts; (12) the effectiveness of our mobile solutions for sellers and buyers; (13) our ability to expand our business in our core geographic markets; (14) regulation in the area of privacy and protection of user data; (15) our dependence on third-party payment providers; (16) our ability to successfully integrate the Depop and Elo7 acquisitions and execute on our ‘House of Brands’ operating model; (17) acquisitions that may prove unsuccessful or divert management attention; and (18) the potential misuse or disclosure of sensitive information about members of our community and the potential for cyber-attacks. These 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, 2020, and in our Quarterly Report on Form 10-Q for the quarter ending March 31, 2021 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 of this press release. We disclaim any obligation to update forward-looking statements.

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Josh Silverman Joins Etsy's Board of Directors

November 15, 2016

BROOKLYN, N.Y., Nov. 15, 2016 /PRNewswire/ --  Etsy, Inc. (Nasdaq: ETSY), which operates marketplaces where people around the world connect, both online and offline, to make, sell and buy unique goods, today announced that its Board of Directors has appointed Josh Silverman to the Etsy Board, effective immediately.

Josh has deep experience leading consumer technology companies and scaling global marketplaces. Over the course of his career as an executive, he has led product development and innovation, driven increased customer adoption at massive scale, implemented brand and marketing initiatives, and delivered strong financial results.

"Josh brings a powerful blend of technology, consumer product, and e-commerce experience to Etsy's board, making him a great addition." said Chad Dickerson, Etsy, Inc. CEO and Chair. "He has a proven track record of delivering rapid growth for some of the most loved consumer and technology brands in the world, and we are excited for him to provide valuable insights as we continue to execute and build for the long term."

"I've always admired Etsy's loyal community, the global nature of its markets, and its innovative approach to commerce. I look forward to sharing my experiences and contributing to the future direction and growth of the company," added Josh.

With Josh's appointment, Etsy's Board has expanded to seven members. Josh has also been appointed to the Compensation Committee, effectively immediately, and Fred Wilson has stepped down from the Compensation Committee. Fred Wilson, our lead independent director, continues to serve on the Audit Committee and as Chair of the Nominating and Corporate Governance Committee. Jonathan Klein has been appointed Chair of the Compensation Committee.

About Josh Silverman

Josh was most recently President of Consumer Products and Services at American Express, responsible for growing the company's US consumer card and global consumer travel businesses. Previously, he was CEO of Skype, where he drove the addition of more than 300 million users and was named first runner-up in TechCrunch's "CEO of the Year." He was also CEO of Shopping.com, an Ebay company, and held various executive roles at Ebay. Earlier in his career, Josh co-founded and served as CEO of Evite. He serves as Executive in Residence at venture capital firm Greylock Partners and was recently elected to the Board of Directors of Shake Shack.

For more information on Josh's election to the Board, please read the post on the Etsy News Blog.

About Etsy

Etsy operates marketplaces where millions of people around the world connect, both online and offline, to make, sell and buy unique goods. Etsy also offers a wide range of seller services and tools that help creative entrepreneurs start, grow and manage their businesses. The Etsy community includes creative entrepreneurs who sell on our platform, thoughtful consumers looking to buy unique goods in our marketplace, retailers and manufacturers who partner with Etsy sellers to help them grow their businesses and Etsy employees who maintain our platform and nurture our ecosystem. Our mission is to reimagine commerce in ways that build a more fulfilling and lasting world, and we're committed to using the power of business to strengthen communities and empower people.

Etsy was founded in 2005 and is headquartered in Brooklyn, New York.

To view the original version on PR Newswire, visit:https://www.prnewswire.com/news-releases/josh-silverman-joins-etsys-board-of-directors-300363409.html

SOURCE Etsy, Inc.

Investor Relations Contact: Etsy, Jennifer Beugelmans, ir@etsy.com; Media Relations Contact: Etsy, Kelly Clausen, press@etsy.com

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