Etsy, Inc. (ETSY) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

Nikhil Devnani Bernstein Institutional Services LLC, Research Division Before we get started, I want to remind everyone to please refer to the Etsy Investor Relations website for the safe harbor, and if you want to submit any questions for this session, you can do so via the QR code. And for those of you newer to the story, just to level set, Etsy is a global e-commerce marketplace, last year did about $10.5 billion in gross merchandise sales or GMS, supported about 87 million active buyers and 5.5 million active sellers. Lanny, Etsy has been under, I call it, "new leadership now." You've been a CFO for about 1.5 years. Kruti took over the CEO seat earlier this year, but she's obviously been at the company for longer than that. And you're on this journey of getting business back to more durable and consistent growth. So under this newest team, right, what are the strategic priorities for you? And what are you doing differently today versus what's been done in prior years?