Save 4% 5% 6% 11% 12% $722 $486 $565 $618 $779 $123 $93 $114 $114 $162 $32 $24 $29 $31 $41 $877 $603 $708 $763 $981 Q422 Q123 Q223 Q323 Q423 4 Limitation of Key Metrics and Other Data +27% Rest of World Y/Y 4% 7% 8% 8% 11% 95 95 95 96 97 124 128 124 128 135 231 240 246 258 266 450 463 465 482 498 Q422 Q123 Q223 Q323 Q423 @ © 2024 Pinterest. All rights reserved. 2 For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the Appendix. All in ...

Pinterest, Inc. (NYSE:PINS) Q4 2023 Earnings Conference Call February 8, 2024 4:30 PM ET Company Participants Neil Doshi - VP, Head of IR William Ready - CEO Julia Donnelly - CFO Conference Call Participants Eric Sheridan - Goldman Sachs Ross Sandler - Barclays Rich Greenfield - Lightshed Partners Doug Anmuth - JPMorgan Mark Mahaney - Evercore Ron Josey - Citigroup Dan Salmon - New Street Research Kenneth Gawrelski - Wells Fargo Colin Sebastian - Baird Operator Good afternoon, and thank you for joining toda ...

As social media platforms compete to capture consumers’ impulse spending, Pinterest has been making changes to the shopping experience to drive in-app and on-site purchasing.The social media company shared Thursday (Feb. 8) on an earnings call accompanying the release of its fourth-quarter and full-year 2023 financial results that it is improving the buying process to drive monetization.“We … made significant advancements on the shoppability of the platform,” Pinterest CEO Bill Ready told analysts during th ...

Pinterest Inc (NYSE: PINS) crashed 20% in extended hours after reporting disappointing revenue for its fiscal fourth quarter.Pinterest stock down on muted guidanceCopy link to sectionInvestors are concerned also because the management issued downbeat guidance for the future. The social media and image sharing company now forecasts its revenue to fall between $690 million and $705 million in its current financial quarter. Analysts, in comparison, were at $703 million. Still, Bill Ready – the chief executive ...

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.Pinterest shares plummeted 25% in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue.Revenue: $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv.Earnings: 53 cents per share, adjusted, vs. 51 cents per share expected, according to LSEG.Revenue rose 12% year-over-year from $877. ...

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 ...