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© 2023 Pinterest. All rights reserved. Q3 2023 Earnings Report Non-GAAP Financial Measures For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the Appendix. The numbers for our key metrics, which include our monthly active users (MAUs) and average revenue per user (ARPU), are calculated using internal company data based on the activity of user accounts. We define a monthly active user as an authenticated Pinterest user who visits our ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2023 OR San Francisco, California 94107 (Address of Principal Executive Offices, including zip code) (Zip Code) (415) 762-7100 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Registrant's Telephone Number, Including ...

© 2023 Pinterest. All rights reserved. Financial Measures For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the Appendix. and Other Data All information provided in this presentation is as of August 1st, 2023. We undertake no duty to update this information unless required by law. All information provided in this presentation is unaudited. 2 Jamie, a teacher-turned-recipe-developer, combined her passion and expertise in education an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-38872 Pinterest, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-3607129 (State ...

Summary of Pinterest, Inc. Conference Call Company Overview - **Company**: Pinterest, Inc. (NYSE:PINS) - **Industry**: Social Media and E-commerce - **Monthly Active Users**: Over 460 million globally with high commercial intent - **Estimated Annual Revenue**: Approximately $3 billion for the current year [3][4] Key Points and Arguments User Growth and Engagement - Pinterest has achieved a **7% year-on-year growth** in users, marking multiple consecutive quarters of user growth after previous declines [4][23] - Engagement metrics are also improving, with mobile app users growing at **16% year-on-year**, contributing to over 80% of engagement and monetization [23] Monetization Strategy - The company is focusing on leveraging its high commercial intent to improve monetization, which has historically been undermonetized [4][6] - Pinterest has seen **30%+ year-on-year growth** in engagement with shoppable content, indicating a successful shift towards e-commerce [6][30] - The introduction of privacy-safe measurement tools has led to a **28% lift in conversions** for advertisers who adopt them, with their spending increasing by **30%** on average [8][10] Advertising and Revenue Growth - Despite a choppy ad market, Pinterest has consistently outpaced competitors in revenue growth [5][7] - The company is working to increase ad load, which is currently around **20%**, with potential to reach **60-70%** in a commercial context [15][16] - The shift from impression-based advertising to conversion-based advertising is expected to yield **5x more revenue** [16] Amazon Partnership - Pinterest has partnered with Amazon to enhance shopping experiences on its platform, which is expected to drive significant growth in shoppable content [12][13] - The partnership aims to integrate third-party demand into Pinterest's ad platform, which previously lacked such capabilities [12][19] - Amazon's ad platform is growing at approximately **20% year-on-year**, providing a robust opportunity for Pinterest to monetize its supply [13] Cost Management and Margin Expansion - Pinterest is committed to achieving **200 basis points of margin expansion** this year, supported by cost control measures implemented since mid-2022 [26][27] - The company has focused on operational efficiency, with infrastructure spending being reduced while user engagement continues to grow [27][28] Future Outlook - Pinterest anticipates continued user growth and engagement, with seasonal patterns influencing short-term performance [24][25] - The company is optimistic about the long-term potential of its monetization strategies, particularly as more advertisers adopt its measurement tools [10][11] AI and Technology Integration - Pinterest is investing in AI to enhance user experience and ad relevance, with new recommendation models significantly improving perceived relevance [37] - The transition to next-gen AI technologies is expected to yield immediate benefits in personalization and ad performance [37] Additional Important Insights - The company has shifted its shopping strategy from a separate tab to integrating shopping into the main app experience, resulting in a **35%+ lift in engagement** with shoppable content [30] - The focus on customer acquisition rather than just transactions is seen as a key driver for better monetization [34][35] This summary encapsulates the critical insights from the conference call, highlighting Pinterest's strategic direction, growth metrics, and future opportunities in the evolving landscape of social media and e-commerce.

Pinterest, Inc. (NYSE:PINS) Q1 2023 Earnings Conference Call April 27, 2023 4:30 PM ET Company Participants Neil Doshi – Head-Investor Relations Bill Ready – Chief Executive Officer Todd Morgenfeld – Chief Financial Officer and Head of Business Operations Conference Call Participants Eric Sheridan – Goldman Sachs Brian Nowak – Morgan Stanley Ross Sandler – Barclays Lloyd Walmsley – UBS Rich Greenfield – LightShed Partners Colin Sebastian – Baird Doug Anmuth – J.P. Morgan Tom Champion – Piper Sandler Opera ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2023 WASHINGTON, DC 20549 _________________ OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-38872 Pinterest, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-3607129 (State ...

Pinterest, Inc. (NYSE:PINS) Q4 2022 Earnings Conference Call February 6, 2023 4:30 PM ET Company Participants Neil Doshi - Head, Investor Relations Bill Ready - Chief Executive Officer Todd Morgenfeld - Chief Financial Officer and Head, Business Operations Conference Call Participants Eric Sheridan - Goldman Sachs Ross Sandler - Barclays Brian Nowak - Morgan Stanley Rich Greenfield - LightShed Partners Colin Sebastian - Baird Mark Mahaney - Evercore ISI Lloyd Walmsley - UBS Operator Good afternoon. Thank y ...

16% 25% 24% 26% 20% 139 144 163 178 177 Q421 Q122 Q222 Q322 Q422 +31% R&D Y/Y S&M % of revenue G&A % of revenue +48% S&M Y/Y +36% G&A Y/Y 61 55 74 66 82 Q421 Q122 Q222 Q322 Q422 7% 10% 11% 10% 9% Note: Costs and expenses are non-GAAP financial measures, which exclude share-based compensation (SBC), amortization of acquired intangible assets, and non-cash charitable contributions. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the ...