This result marks the culmination of a four-year journey of rigorous expense management and strategic focus.

Feb 27, 2026 / receipt, needs a key / David, CEO | earnings call 2026-02-27 | transcript 7cd74370-69f1-4ff9-8934-9f09d08fa582 | chars 22825-22933 | segment 23

But like I said, we are going to remain vigilant on expense management and we're going to be responsive to demand.

May 8, 2024 / receipt, needs a key / CEO, CEO | earnings call 2024-05-08 | transcript b67c89fe-baad-4273-8497-458a9b152ee2 | chars 22344-22458 | segment 22

In contrast to GMV growth, expense management is completely under our control, and we've taken decisive action here.

Aug 9, 2023 / receipt, needs a key / David Rosenblatt, CEO | earnings call 2023-08-09 | transcript 0cb8c66f-d6a7-4d77-9586-77fd0c73540f | chars 4372-4488 | segment 4

Compared to last year, GMV declined by approximately $13 million and revenue declined by $4 million. Despite this, adjusted EBITDA improved by $2.3 million year over year due in part to expense management, including our September headcount reductions.

Mar 1, 2023 / receipt, needs a key / Tom Edergino, CFO | earnings call 2023-03-01 | transcript bee03840-5a32-4bce-9b60-f61ec439ef98 | chars 17092-17343 | segment 17

In addition to economic uncertainty, consumers are spending less online in favor of out-of-home experiences, such as travel and dining out.

Aug 10, 2022 / receipt, needs a key / David Rosenblatt, CEO | earnings call 2022-08-10 | transcript 8e61e7b0-89b0-49b0-ba7d-4344013d8082 | chars 4194-4333 | segment 4

Deploying AI across search, personalization, listing tools, and client service to drive conversion, improve seller productivity, and expand margins

ir_statement / Sep 15, 2026 / receipt

~$18m Reduction in annual operating expenses 2022 vs. 2025 (~18% decrease)

ir_statement / Sep 15, 2026 / receipt

30%+ Headcount reduction from 2022 peak

ir_statement / Sep 15, 2026 / receipt