Etsy, Inc.'s (ETSY) CEO Josh Silverman on Q2 2022 Results - Earnings Call Transcript

Etsy, Inc. (NASDAQ:ETSY) Q2 2022 Earnings Conference Call July 27, 2022 5:00 PM ET

Company Participants

Deb Wasser – Vice President-Investor Relations and ESG Engagement

Josh Silverman – Chief Executive Officer

Rachel Glaser – Chief Financial Officer

Jessica Schmidt – Senior Director-Investor Relations

Conference Call Participants

Deb Wasser

Hi, everyone. And welcome to Etsy’s Second Quarter 2022 Earnings Conference Call. I'm Deb Wasser, VP of Investor Relations and ESG Engagement. And joining me today are Josh Silverman, Chief Executive Officer; Rachel Glaser, Chief Financial Officer; and Jessica Schmidt, Senior Director of Investor Relations. Today's prepared remarks have been prerecorded. The slide deck has also been posted to our website for your reference.

Once we are finished with Josh and Rachel's presentations, we will transition to a live video webcast, Q&A sessions. Questions can be submitted via this Q&A window chat displayed on your screen. Feel free to use it at any time as it will remain open throughout the entire conference call. I'll be reading your questions and Jessica will help me try to get as many as we can.

Please keep in mind that our remarks today include forward-looking statements related to our financial guidance and key drivers thereof. The global macroeconomic uncertainty, including the impacts of general market, political, economic and business conditions may have on our business strategy and operating results. Our opportunity, our levers for GMS growth and our plans for investments in our marketplaces and in our member support programs. The potential impact of our strategic marketing and product initiatives in the anticipated return on our investments and their ability to drive growth.

Our actual results may differ materially. Forward-looking statements involve risks and uncertainties, which are described in today's earnings release and in our Form 10-Q filed with the SEC on May 5, 2022 in which will be updated in any future periodic reports 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 will present both GAAP and non-GAAP financial measures.

A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release, which you can find on our IR website, along with the replay of this call. As a reminder, our 2021 financial results and KPIs for the second quarter did not include Depop and Elo7, which were acquired in the third quarter of 2021.