📈Etsy's Q1 results: GMS declined, revenue grew
🛍️Focus for 2024: Enhancing shopper experience and consideration for Etsy
🎁Investing in gift mode and loyalty program
🔍Optimizing search results and enhancing listing quality
🚫Suppressing and removing policy-violating listings
What were Etsy's Q1 results?
—GMS declined by 3.7%, while revenue grew by 8% to $646 million.
What is Etsy's focus for 2024?
—Etsy aims to enhance the shopper experience and build consideration for the platform.
What investments is Etsy making?
—Etsy is investing in gift mode and a loyalty program.
What improvements are planned for search results?
—Etsy plans to optimize search results using machine learning techniques.
How is Etsy dealing with policy-violating listings?
—Etsy is suppressing and removing listings that violate their policies.
00:00Etsy's Q1 results showed a decline in GMS but revenue growth.
08:17Etsy aims to enhance the shopper experience and build consideration for the platform in 2024.
09:59Etsy is investing in gift mode and a loyalty program to improve the shopping experience.
11:19Etsy is working on suppressing and removing policy-violating listings.
