Luke Edward Meindl's questions to 1stdibs.Com Inc (DIBS) leadership • Q1 2025
Question
Speaking on behalf of Nick Jones, Luke Edward Meindl requested more detail on the company's market share gains during the quarter and asked for an update on the progress and adoption of the new machine learning (ML) pricing models.
Answer
CEO David Rosenblatt clarified that market share is measured by comparing 1stdibs's GMV growth against syndicated credit card data for the online and luxury furniture markets, noting the company has gained share for five consecutive quarters. Regarding ML models, he stated they are now live in all categories. Adoption is very high (over 90%) for items under $9,000 but lower for higher-priced items due to sparse data. Future ML priorities include calculating shipping prices to increase pre-quote coverage and developing an ML-based customer service agent.