Etsy, Inc. (ETSY) CEO Josh Silverman Presents at Oppenheimer 25th Annual Technology, Internet & Communications Conference (Transcript)

Aug. 13, 2022 1:08 PM ETEtsy, Inc. (ETSY)
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Etsy, Inc. (NASDAQ:ETSY) Oppenheimer 25th Annual Technology, Internet & Communications Conference August 9, 2022 1:15 PM ET

Company Participants

Rachel Glaser - CFO

Josh Silverman - CEO, President & Director

Conference Call Participants

Jason Helfstein - Oppenheimer

Jason Helfstein

Good afternoon, everybody. Thank you for joining us for a fireside chat with Etsy management. I want to thank Josh, Rachel and Deb for joining us. Before we kick off, however, Rachel is going to read the safe harbor.

So Rachel?

Rachel Glaser

Don't worry. I'm not going to read the safe harbor. I'm just going to refer you to our safe harbor, which can be found on Etsy's Investor Relations website.

Question-and-Answer Session

Q - Jason Helfstein

Great. So I've got a bunch of questions that I'm going to answer. If you have some questions or kind of want me to dig deeper into something I've asked, there is a link just under the webcast, so you can feel free to put questions in there or also e-mail me.

So first question, guidance assumes a more cautious second half than the second quarter. I guess just talk about maybe some of the near-term trends that you're seeing that are informing that view on the second half. And then we'll kind of dig into that a little more.

Rachel Glaser

I'll start off, guidance is my jam. So we gave some pretty good color on our guidance for the -- we gave guidance for the third quarter, by the way, not for the full year. And we gave some good color on what we have been seeing on our monthly trends because we wanted to show that we're starting to see a leveling off where we had seen steeper declines from Q1 to Q2 And what we are starting to see towards the end of Q2 and the

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