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 fourth quarter of 2021 and key drivers thereof, the uncertain impact that the ongoing COVID-19 pandemic or its eventual abatement may have on our business, strategy, operating results, key metrics, financial condition, profitability and cash flows, 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 ability to attract, engage, and retain buyers and sellers; our future investments; our intended economic, social and environmental impacts; and the size and our ability to capitalize on our large market opportunity; our ability to successfully integrate Depop and Elo7 and 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 eventual 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 active and engaged communities 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 communities; (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 communities 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 Quarterly Report on Form 10-Q for the quarter ending June 30, 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. 

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Etsy Announces the Appointment of Marla Blow to its Board of Directors

November 02, 2021

BROOKLYN, N.Y., Nov. 2, 2021 /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 announced that its Board of Directors has appointed Marla Blow to the company's Board, effective November 30, 2021. She will also join the Board's Audit Committee. With this appointment, the size of Etsy's Board increases to nine members.

Marla currently serves as the President and Chief Operating Officer of the Skoll Foundation, which invests in and supports social entrepreneurs. She was formerly the Senior Vice President for Social Impact in North America at the Mastercard Center for Inclusive Growth, and before that she was Founder and CEO of FS Card Inc., a subprime credit card venture. Earlier in her career Marla served as Assistant Director, Card and Payments Markets Group at the Consumer Financial Protection Bureau. 

Josh Silverman, Etsy's Chief Executive Officer, commented, "I am thrilled to have Marla join Etsy's Board of Directors. Marla brings a deep and broad range of relevant experience to Etsy, including payments and financial services, regulation, and supporting small businesses. She's a passionate advocate for creative entrepreneurship as a pathway to economic empowerment, and I have no doubt her expertise and guidance will help Etsy advance our mission of keeping commerce human."

Marla Blow commented, "I have long believed that the companies of tomorrow are those that are able to drive sustained growth while advancing pressing social issues, and Etsy serves as a model for building economic inclusion. I look forward to working with Josh and the rest of the Etsy team as they nurture their communities, execute on their strategy, and provide a truly differentiated ecommerce experience."

About Marla Blow

Marla Blow is the President and COO of the Skoll Foundation where she leads Skoll's program work, grants, investments, and financial management, including operations, endowment, and portfolio partnerships. Previously, she was Senior Vice President for Social Impact in North America at the Mastercard Center for Inclusive Growth, and before Mastercard, she founded and was CEO of FS Card Inc., a subprime credit card venture. Earlier in her career Marla served as Assistant Director, Card and Payments Markets Group at the Consumer Financial Protection Bureau.

Prior to joining the Consumer Financial Protection Bureau, Marla spent seven years at Capital One, serving in a variety of functions in the credit card business.

Marla sits on the Board of Directors of Square Financial Services, an independent subsidiary of Square, Inc. Marla previously served on the Board of Directors of Care.com (NYSE: CRCM, sold to IAC/INTERACTIVECORP), and on the Board of Directors of Factor Trust (sold to TransUnion). Marla holds an MBA from Stanford University and an undergraduate degree from the Wharton School at the University of Pennsylvania.

About Etsy

Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. These marketplaces share a mission to "Keep Commerce Human," and we're committed to using the power of business to strengthen communities and empower people. 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.

Etsy, Inc.'s "House of Brands" portfolio also includes fashion resale marketplace Depop, musical instrument marketplace Reverb, and Brazil-based handmade goods marketplace Elo7. Each Etsy, Inc. marketplace operates independently, while benefiting from shared expertise in product, marketing, technology, and customer support.

Etsy 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 & ESG Engagement and Gabe Ratcliff, Director of Investor Relations

ir@etsy.com

Media Relations Contact:

Kelly Clausen, Senior Director, Corporate Communications and Partnerships

press@etsy.com

Cision View original content:https://www.prnewswire.com/news-releases/etsy-announces-the-appointment-of-marla-blow-to-its-board-of-directors-301413419.html

SOURCE Etsy, Inc.

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