Etsy, Inc. (NASDAQ:ETSY) Goldman Sachs Communacopia + Technology Conference 2025 September 9, 2025 2:30 PM EDT
Company Participants
Joshua Silverman – CEO & Director
Charles Baker – Chief Financial Officer
Presentation
Unknown Analyst
In the interest of time and we’ll let people get settled. We’re going to get started with our next one. It’s my pleasure to have the team from Etsy here and it’s the whole team. We’ve got Josh Silverman, CEO; Lanny Baker, CFO. Great to talk to both of you. Thanks so much for being part of the conference.
Joshua Silverman
CEO & Director
Great to be here. Thanks for having us.
Question-and-Answer Session
Unknown Analyst
Okay. So Josh, I want to go backwards before we go forward. So you’ve been on a journey and the company over the last couple of years where you were dealing with some headwinds in the business, but now you’ve got a number of strategic priorities that you’re executing on to reposition the business. Talk a little bit about the journey you did on over the last 12, 18 months before we set the stage for where we think the company is going over the medium to long term.
Joshua Silverman
CEO & Director
Yes. Well, heading into COVID, I think we’ve done a ton to make Etsy great. If you knew what you wanted, Etsy for sure had it. And it turns out that during COVID, a lot of people knew exactly what they wanted and couldn’t find it anywhere else and turned to Etsy. And our business more than doubled over that time. So — and what I’m proud of is we’ve been able to largely hold those gains even when people came out of COVID and had infinite choices. So we had about $5 billion, a little less than $5 billion of GMS in 2019. We did $11 billion of GMS last year. We had 45
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