Conversion Growth
Reported conversion growth for the seventh consecutive quarter, indicating successful optimization efforts.
Operating Expenses Decline
Achieved a 4% year-over-year decline in operating expenses, reflecting strong cost management.
Market Share Gain
Despite a modest decline in GMV, the company gained market share against a contracting luxury home goods market.
Organic Traffic Strategy Success
Over 70% of traffic originates from organic sources, indicating successful execution of organic traffic growth strategy.
Machine Learning Pricing Models
Implemented machine learning-based pricing models across all verticals, leading to increased sell-through rates and reduced price negotiations.
Listing and Seller Growth
Ended the quarter with nearly 1.9 million listings, up 3%, reinforcing the platform's relevance to sellers.
Leadership Addition
Welcomed Bradford Shellhammer as Chief Marketing Officer and Chief Product Officer, expected to drive marketing strategies and product development.