Etsy, Inc. (NASDAQ:ETSY) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET

Company Participants

Deb Wasser - VP, IR

Josh Silverman - CEO

Rachel Glaser - CFO

Conference Call Participants

Nikhil Devnani - Bernstein

Ygal Arounian - Citi

Lee Horowitz - Deutsche Bank

Shweta Khajuria - Evercore ISI

Steven Forbes - Guggenheim Partners

Anna Andreeva - Needham & Company

Jason Helfstein - Oppenheimer

Deb Wasser

Hi, everyone. And welcome to Etsy's Fourth Quarter and Full Year 2023 Earnings Conference Call. I'm Deb Wasser, VP of Investor Relations. Today's prepared remarks have been pre-recorded.

Joining me today are Josh Silverman, CEO; and Rachel Glaser, our CFO. Once we are finished with the presentation, we will take questions from our publishing sell-side analysts on video.

Please keep in mind that our remarks today include forward-looking statements related to our financial guidance, our business and our operating results as noted in the slide deck posted to our website for your reference. Our actual results may differ materially. Forward-looking statements involve risks and uncertainties, some of which are described in today's earnings release and our most recent Form 10-Q and which will be updated in future periodic reports that we file with the SEC. Any forward-looking statements that we make on this call are based on our beliefs and assumptions today, and we disclaim any obligation to update them.

Also, during the call, we'll present both GAAP and non-GAAP financial measures, which are reconciled to GAAP financial measures in today's earnings press release or the slide deck posted on our IR website, along with the replay of this call.

With that, I'll turn it over to Josh.

Josh Silverman

Thanks, Deb.

We're pleased to speak with you today about our recent performance, but more importantly, to preview some of our exciting initiatives for 2024. We've built an ambitious portfolio of growth initiatives, what we consider some very bold moves, while staying focused on protecting or expanding our overall profitability.

We've done a lot to set Etsy up for success, making some difficult choices last year to be able to invest in our Vital Few with an eye to getting Etsy back to growth. We enter 2024 energized, with the right team, a highly relevant and differentiated Right to Win strategy, a disciplined investment approach and a resilient business model. Our focus will be to make Etsy even more Etsy, leaning into our core strengths to get even better at what we do, that is unlike anyone else in e-commerce.