Etsy Inc (WBO:ETSY)
€ 51 -2.62 (-4.89%) Market Cap: 5.69 Bil Enterprise Value: 6.98 Bil PE Ratio: 26.89 PB Ratio: 0 GF Score: 64/100
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ETSY Inc at Stifel Cross Sector Insight Conference (Virtual) Transcript

Jun 09, 2021 / 03:20PM GMT
Release Date Price: €138 (-0.14%)
Scott William Devitt
Stifel, Nicolaus & Company, Incorporated, Research Division - MD

Good morning, everybody. My name is Scott Devitt. I cover the Internet sector here at Stifel. We're happy to have Etsy's CFO, Rachel Glaser, with us today. Etsy is a global, 2-sided online marketplace for unique, handcrafted, vintage and craft supply products as well as many other things these days. Rachel has been with Etsy since 2017, bringing with her years of experience in the CFO role at a number of different companies. Rachel was also SVP of Ops, Finance at Yahoo! and spent time at Disney earlier in her career.

And since last April, Etsy has seen a substantial acceleration in growth, adding millions of buyers and hundreds of thousands of sellers as the platform resonated with consumers during the pandemic. Now as we're entering the reopening period, Etsy is sustaining healthy growth against challenging prior year compares.

Etsy also recently announced the purchase of Depop, which we think is a smart, highly differentiated add-on following the 2019 acquisition of Reverb, and we'll discuss

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