Etsy, Inc. (ETSY) Q4 2022 Earnings Call Transcript

Etsy, Inc. (NASDAQ:ETSY) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET

Company Participants

Debra Wasser - Vice President, Investor Relations

Josh Silverman - Chief Executive Officer

Rachel Glaser - Chief Financial Officer

Jessica Schmidt - Senior Director, Investor Relations

Conference Call Participants

Maria Ripps - Canaccord

Jason Helfstein - Oppenheimer

Laura Champine - Loop Capital

Lee Horowitz - Deutsche Bank

Rick Patel - Raymond James

Edward Yruma - Piper Sandler

Kunal Madhukar - UBS

Sean Dunlop - Morningstar

Debra Wasser

Hi, everyone, and welcome to Etsy's Fourth Quarter and Full-Year 2022 Earnings Conference Call. I'm Deb Wasser, VP of Investor Relations. Joining me today are Josh Silverman, CEO; Rachel Glaser, CFO; and Jessica Schmidt, Senior Director of Investor Relations.

Today's prepared remarks have been prerecorded. Once we are finished with Josh and Rachel's presentations, we will transition to a live video webcast Q&A session. Questions can be submitted via the Q&A chat window displayed on your screen. I'll be reading your questions, and I'll try to get to as many as we can.

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 posted to 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 happy to speak with you this evening to share our latest performance and our outlook for the business. Once again, in 2022, our team was able to significantly improve the Etsy customer experience and do so in ways that had a meaningful and demonstratively positive impact on our financial metrics. We believe it's no accident that Etsy's performance has remained healthy in a volatile environment.