SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2023. Q4 revenue grew 12% year over year to $981 million. 2023 revenue increased 9% year over year to $3,055 million. Global Monthly Active Users (MAUs) increased 11% year over year to 498 million. GAAP net income was $201 million for Q4. GAAP net loss was $36 million for 2023. Adjusted EBITDA was $365 million and $683 million for Q4 and 2023, respectively. Total ...

Pinterest, Inc PINS is set to print fourth-quarter financial results after the market closes Thursday. The stock was trading near flat heading into the event.When the social media and “idea” generating stock printed its third-quarter results on Oct. 30, the stock gapped up over 17% the following day and entered a steep uptrend, which brought Pinterest to a high of $41.60 on Tuesday.For the third quarter, Pinterest reported EPS of 28 cents on revenue of $763 million. The company beat the EPS estimate of 20 c ...

Revenue Generation and Advertising - The company generates substantially all of its revenue from advertising, with a significant reliance on attracting new advertisers and maintaining relationships with existing ones [71]. - A substantial portion of revenue is derived from a small number of advertisers, particularly in the CPG and retail sectors, which poses a risk if relationships deteriorate [73]. - The company generates substantially all its revenue from advertising, and any inability to serve the desired volume of advertisements may harm its business and financial results [93]. - The company’s advertising revenue growth depends on its ability to develop effective products and tools, and failure to do so may harm financial results [106]. - The company must increase its share of advertising spend relative to competitors to grow revenue, as larger companies offer more traditional advertising products and robust measurement tools [102]. - The company is developing new advertising products and tools, but there is no guarantee that these will be effective or well-received by advertisers, which could adversely affect revenue [106]. - The company generates substantially all of its revenue from advertising, making it susceptible to the impact of ad-blocking technologies [166]. User Engagement and Growth - User engagement has fluctuated, with a notable decline following the peak of the COVID-19 pandemic, impacting overall user retention and growth [78]. - The company anticipates a decline in active user growth rate over time, which will increasingly depend on enhancing user engagement and monetization efforts [79]. - User growth and engagement may decline if the platform fails to provide relevant and useful content, which could result in loss of advertisers and revenue [85]. - Approximately two-thirds of the user base comprises women, and over 40% are Gen Z users, indicating a demographic concentration that may limit broader user growth [79]. Competition and Market Risks - The company faces significant competition from established companies like Amazon, Meta, Google, and others, which have larger user bases and more resources [95]. - Changes in macroeconomic conditions, such as inflation and recession fears, could lead to reduced advertising spending by businesses [81]. - The company continues to evolve its international growth strategy, but may face challenges in expanding and monetizing its platform in new markets [109]. Data Privacy and Regulatory Challenges - The company faces risks related to data privacy laws that could impact its ability to deliver targeted advertising and measure ad performance effectively [92]. - The company is subject to evolving data privacy regulations, including GDPR and CCPA, which may require substantial compliance costs and could impact its ability to process and transfer personal data [139]. - The company may face reputational harm and legal liability due to the use of AI technologies that generate inaccurate or flawed content [125]. - New regulatory frameworks, such as the EU Copyright Directive, may increase operational costs and liability for user-generated content [172]. Financial Performance and Operating Costs - The company incurred net losses of $35.6 million and $96.0 million for the years ended December 31, 2023 and 2022, respectively, with an accumulated deficit of $2,150.3 million as of December 31, 2023 [189]. - The company anticipates increasing operating expenses due to business expansion efforts, which may not be offset by revenue growth [190]. - The company has incurred high operating expenses and may face unforeseen costs that could hinder future profitability [190]. - The company has an accumulated deficit and may not maintain profitability in future periods despite recent income [189]. Technology and Infrastructure - The company relies heavily on Amazon Web Services (AWS) for its cloud computing infrastructure, which is critical for hosting its website and mobile application [159]. - Any disruption or degradation in AWS services could negatively impact the company's operations and financial results [160]. - The company faces risks related to maintaining and scaling its technology infrastructure to meet increasing user demands, which could lead to higher costs [144]. - The company has developed tools like Pinterest API for Conversions to address restrictions on data collection, but there is no guarantee that advertisers will adopt these technologies [134]. Legal and Compliance Issues - The company has faced significant legal challenges, including intellectual property disputes, which could result in costly litigation and impact financial results [177][178]. - The company is subject to potential fines and restrictions from governments due to content on its platform, which could harm business operations [173]. - The company anticipates ongoing scrutiny from media, regulators, and investors regarding its business practices and data handling [121]. Stock and Financing - The company may require additional financing to maintain and grow its business, with potential dilution for existing stockholders if equity is issued [195]. - The trading price of Class A common stock has been volatile, influenced by various market factors and company performance [214]. - The company’s dual class common stock structure allows Class B common stockholders to significantly influence shareholder approval outcomes, even with less than a majority of shares [226]. - Future offerings of debt or equity securities may adversely affect the market price of Class A common stock and could dilute existing stockholders' economic and voting rights [218]. Miscellaneous Risks - The company is vulnerable to external factors such as natural disasters and public health emergencies that could disrupt its services [145]. - The company depends on third-party login providers for user authentication, and any issues with these providers could adversely affect user retention and engagement [158]. - The company has a limited disaster recovery program, which may hinder its ability to handle unexpected disruptions effectively [161].

Pinterest, Inc. (PINS) is scheduled to report fourth-quarter 2023 results on Feb 8, 2024 after the closing bell. The company pulled off a trailing four-quarter earnings surprise of 37.3%, on average. In the last reported quarter, it reported an earnings surprise of 33.3%.The company is taking multiple initiatives to bring more actionable content on the platform from a wide range of sources such as users, creators, publishers and retailers for enhancing customer engagement activities. It is also emphasizing ...

Pinterest (PINS) closed at $37.58 in the latest trading session, marking a +0.29% move from the prior day. This move lagged the S&P 500's daily gain of 1.25%. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 1.3%.Shares of the digital pinboard and shopping tool company have appreciated by 4.49% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.42% and the S&P 500's gain of 1.58%.The investment community will b ...

Visual discovery platform Pinterest (NYSE:PINS) saw its shares rise off the back of an encouraging analyst assessment. Specifically, Evercore analysts believe the company’s advertising partnership with e-commerce giant Amazon (NASDAQ:AMZN) can yield significant returns. As a result, they boosted their price target on PINS stock. Nevertheless, lurking in the background, bearish traders have wagered against Pinterest, setting up an intriguing duel for control.According to a Seeking Alpha report, Evercore expe ...

Pinterest (PINS) ended the recent trading session at $36.99, demonstrating a +1.29% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.The the stock of digital pinboard and shopping tool company has fallen by 2.09% in the past month, lagging the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.Analysts and investors alike will ...

Over the years, social media has turned from an internet curiosity to a marketing powerhouse. It gave businesses of various sizes an avenue to reach a wider audience and effectively market products. It created a social economy where even personalities or products become overnight successes. Large companies have taken advantage of this arrangement; some have even launched successful viral social media campaigns. Industry experts expect the social media market to grow to $434.87 billion by 2027 at a CAGR of 1 ...

Pinterest (PINS) closed the latest trading day at $37.10, indicating a +0.03% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.23%. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.Coming into today, shares of the digital pinboard and shopping tool company had lost 0.72% in the past month. In that same time, the Computer and Technology sector gained 1.98%, while the S&P 500 gained 0.94%.Investors will be eagerly watching for the ...

After a choppy first few weeks, the stock market appears to now be on steady footing. On Friday, the S&P 500 index broke out from a four-week consolidation, breaking out above 4,800 and to a new intraday high.With the market showing such robust action, now is the time to start looking for some stocks that appear primed for explosive moves higher. Here I will share three such stocks that are demonstrating strong momentum as well as top Zacks Ranks.Image Source: TradingViewZillow GroupThe most popular online ...