@ © 2024 Pinterest. All rights reserved. To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we use the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative), non-GAAP income from operations, non-GAAP net in ...

Company Participants Ross Sandler - Barclays Colin Sebastian - Baird Eric Sheridan - Goldman Sachs Ron Josey - Citi Mark Mahaney - Evercore Rich Greenfield - LightShed Partners Doug Anmuth - JPMorgan Dan Salmon - New Street Research I would now like to pass the conference over to our host, Andrew Somberg, Vice President of Investor Relations and Treasury. Please proceed. This conference call is being webcast, and we are also providing a slide presentation to accompany our commentary. Please refer to our Inv ...

View all Key Company Metrics for Pinterest here>>> Pinterest (PINS) reported $853.68 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 20.6%. EPS of $0.29 for the same period compares to $0.21 a year ago. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how Pinterest per ...

Pinterest, which belongs to the Zacks Internet - Software industry, posted revenues of $853.68 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.69%. This compares to year-ago revenues of $708.03 million. The company has topped consensus revenue estimates three times over the last four quarters. This quarterly report represents an earnings surprise of 3.57%. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.14 pe ...

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, 2024 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 shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. The company's sales jumped 21% year-over-year in the second quarter, while its GAAP net income was $9 million. During the second quarter of 2023, Pinterest recorded a net loss of $35 million during the same period when its total costs and expenses were $781 million. "Our monetization efforts are paying off," Pinterest CEO Bill Ready said ...

Pinterest Announces Second Quarter 2024 Results, Drives Robust Revenue and User Growth Momentum Q2 Revenue of $854 million, an increase of 21% Record 522 million global monthly active users, an increase of 12% SAN FRANCISCO, Calif. - July 30, 2024 - Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2024. • GAAP net income was $9 million for Q2. Adjusted EBITDA was $180 million for Q2. • Total costs and expenses were $875 million. "We had another impressive quarter ...

Pinterest is reportedly seeking help from news outlets and other publishers in selling ads. Meanwhile, the report added, LinkedIn's Wire Program, which lets outlets sell ads in front of the videos they distribute, recently moved into beta testing. TikTok, for its part, has turned to in-person pop-ups to capture consumers' retail purchases as well as their live event ticket spending, teaming up with cosmetics company Rare Beauty in April, and hosting a live music popup in London's King's Cross featuring emer ...

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Erickson's latest look at Pinterest ad load & traffic offers a mixed read into the print. Pinterest deserves a premium to the group, given that the company has historically under-monetized its platform, which new management is addressing. Erickson said it is growing and ramping margins more quickly relative to the overall space. The target is attributable to confidence in the 3p ad partnership ramping, higher ad load not negatively impacting engagement, and direct links and better relevance driving ROAS hig ...