This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to our potential addressable market, the potential benefits of the acquisition of Depop, the expected impact of the acquisition of Depop on our future financial performance and the potential impact on our consolidated financial results, the anticipated timing of the closing of the acquisition of Depop, the anticipated impact of applying Etsy’s expertise to Depop's business and the potential of Depop's business. 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, among others, the possibility that the conditions to the closing of the acquisition of Depop may not be satisfied or waived or that other events may cause the acquisition to not be completed, the potential impact to the business of Depop or Depop’s relationships with its marketplace community due to the announcement of the acquisition, Etsy’s ability to successfully integrate the acquisition and execute on its business plan and ‘house of brands’ model, general economic conditions and other risks and uncertainties, many of which are beyond our control, that are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, and in any 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 such risks, readers are cautioned not to place undue reliance on such forward looking statements. 

Forward-looking statements represent our beliefs and assumptions only as of the date of this presentation. We disclaim any obligation to update forward-looking statements.

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Etsy Provides Update on Business Conditions Related to COVID-19

April 02, 2020

BROOKLYN, N.Y., April 2, 2020 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today provided an update on business conditions related to COVID-19.

Business Update Available on investors.etsy.com

Etsy has released an update regarding business conditions which includes a 'fireside chat' conversation with Chief Executive Officer, Josh Silverman, and Chief Financial Officer, Rachel Glaser. The update is available in video format or written transcript on the Company's Investor Relations website (investors.etsy.com) under the events section. In addition, investors can access the update via phone by dialing +1 (800) 585-8367 (toll free) or +1 (416) 621-4642 (toll) and passcode 2082969. A replay of the update will be available starting at 5:00 p.m. Eastern Time through May 8 via the same link, or by dialing (toll free) +1 (800) 585-8367 or +1 (416) 621-4642  (toll) with the passcode 2082969.

The video highlights key topics:

  • Estimated Gross Merchandise Sales ("GMS") and GMS trends for the first quarter of 2020 and implications for 2020 outlook;
  • Insights into marketplace dynamics for sellers and buyers;
  • Etsy's near-term operational initiatives, resilient business model, and strong balance sheet.

The foregoing estimated GMS results are preliminary and are subject to change based on the completion of Etsy's quarter-end review process. Etsy intends to provide additional details regarding its quarterly results for the quarter ended March 31, 2020 in a regularly scheduled quarterly press release and earnings call. Details regarding the time and date of the earnings call will be provided in advance of that call.

About Etsy

Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, we offer a range of tools and services that address key business needs. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments.

Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Our company was founded in 2005 and is headquartered in Brooklyn, New York.

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.

Investor Relations Contact:

Deb Wasser, Vice President, Investor Relations 
Gabriel Ratcliff, Senior Manager, Investor Relations

Media Relations Contact:

Sarah Marx, Senior Manager, Corporate Communications

Cision View original content:http://www.prnewswire.com/news-releases/etsy-provides-update-on-business-conditions-related-to-covid-19-301034496.html

SOURCE Etsy, Inc.

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