1stdibs.com(DIBS) - 2024 Q1 - Earnings Call Transcript

Encouragingly, conversion rates grew for both new buyers and returning buyers. Additionally, order volumes were flat, a meaningful acceleration versus the fourth quarter and revenue take rates increased on a sequential basis, GMV growth rebounded by 11 percentage points. GMV grew by 6% and active buyers stabilized. Lastly, we continue to demonstrate the impact of our leaner cost structure on our P&L, with adjusted EBITDA margins improving substantially. We see this as validation that our strategy is working ...