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Etsy Inc (ETSY) Q1 2021 Earnings Call Transcript


Vice President of Investor Relations
Hi, everyone, and welcome to Etsy s First Quarter 2021 Earnings Conference Call. I m Deb Wasser, Vice President of Investor Relations and ESG Engagement. Joining me today are Josh Silverman, CEO; Rachel Glaser, CFO; and Gabe Ratcliff, our 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 session. Question can be submitted by the 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 Gabe will help me try to get to as many as we can. ....

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Cohen & Steers adds team for new private real estate business


Cohen & Steers adds team for new private real estate business
Cohen & Steers adds team for new private real estate business
Updated with correction.
James S. Corl joined Cohen & Steers as an executive vice president to head the real estate investment trust manager s new private real estate business, spokesman Rob Klemens said in an email.
Mr. Corl was a managing director and head of real estate at Siguler Guff & Co.
Also joining the new Cohen & Steers team is
Hamid Tabib, a senior vice president and head of real estate acquisitions, North America. Mr. Tabib was a member of the new real estate team at Siguler Guff. ....

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Etsy's mask-only buyers are coming back for more crafts — Quartz


February 27, 2021
In the second quarter of 2020, as the Covid-19 pandemic kicked off in earnest and personal protective equipment grew scarce, face masks accounted for a whopping 14% of gross merchandise sales (GMS) on handmade-goods platform Etsy. By the third quarter, masks would account for 11% of GMS, and by the fourth quarter that would fall to 4% but by then millions of one-time mask buyers had already become Etsy return visitors.
On Thursday, Etsy reported fourth-quarter earnings that blew past analyst expectations, including a 129% year-over-year increase in revenue (which hit $617 million) and a 375% year-over-year increase in net income ($148.5 million). For all of 2020, Etsy’s profit more than doubled, and GMS grew by 106%. The company also said that nearly half of the 3 million customers who only bought masks on the site in the third quarter came back to Etsy in the fourth quarter to buy other items. CFO Rachel Glaser called it “a great signal” for the co ....

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Etsy Inc (ETSY) Q4 2020 Earnings Call Transcript


Etsy Inc (ETSY) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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Etsy Inc (NASDAQ: ETSY)
Vice President of Investor Relations
Hi, everyone, and welcome to Etsy s Fourth Quarter and Full Year 2020 Earnings Conference Call. I m Deb Wasser, VP of Investor Relations. Joining me today are Josh Silverman, CEO; Rachel Glaser, CFO; and Gabe Ratcliff, our 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 session. [Operator Instructions] I ll be reading your questions, and Gabe will help me try to get to as many as we can. Please keep in mind that our remarks today include forward-looking statements related to our future performance, including our financial guidance and key d ....

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