Pinterest(US:PINS)2025-08-07 20:19Financial Performance - Q2 2025 revenue reached $998 million, representing a 17% year-over-year increase[3] - GAAP net income for Q2 2025 was $39 million, a 336% increase compared to $8.9 million in Q2 2024[3] - Adjusted EBITDA for Q2 2025 was $251 million, reflecting a 33% increase from $188 million in Q2 2024[4] - Free cash flow for Q2 2025 was $197 million, up 94% from $101.6 million in Q2 2024[3] - Revenue for Q2 2025 reached $998,227,000, a 16.9% increase from $853,680,000 in Q2 2024[22] - Net income for Q2 2025 was $38,755,000, compared to $8,887,000 in Q2 2024, marking a significant improvement[22] - Non-GAAP net income rose to $228,270 thousand in Q2 2025 compared to $172,238 thousand in Q2 2024, reflecting a 32.6% increase[29] - Adjusted EBITDA for Q2 2025 reached $250,776 thousand, up from $188,293 thousand in Q2 2024, indicating a 33.1% growth[27] - Free cash flow improved to $196,683 thousand in Q2 2025, compared to $101,642 thousand in Q2 2024, representing a 93.5% increase[29] - Total costs and expenses increased to $1,002,557 thousand in Q2 2025 from $875,121 thousand in Q2 2024, a rise of 14.5%[27] User Engagement - Global monthly active users (MAUs) grew to 578 million, an 11% increase year-over-year[4] - Average revenue per user (ARPU) globally increased by 6% to $1.74[5] - Average Monthly Active Users (MAUs) are defined as authenticated users interacting with Pinterest at least once in a 30-day period, with ongoing efforts to improve measurement accuracy[17] - Pinterest continues to focus on enhancing user engagement and monetization through metrics like ARPU, which reflects revenue generation per user[17] Revenue Breakdown - Revenue from the U.S. and Canada was $745 million, an 11% increase year-over-year[5] - Revenue from Europe increased by 34% to $191 million, while revenue from the Rest of the World surged by 65% to $63 million[5] Future Outlook - For Q3 2025, the company expects revenue between $1,033 million and $1,053 million, indicating a growth of 15% to 17% year-over-year[7] Investment and Expenses - Research and development expenses for Q2 2025 were $359,624,000, up from $312,837,000 in Q2 2024, reflecting increased investment in innovation[22] - Total current assets increased to $3,518,414,000 as of June 30, 2025, up from $3,484,707,000 at the end of 2024[20] - Total liabilities remained stable at $591,034,000 as of June 30, 2025, compared to $591,506,000 at the end of 2024[20] - The company reported a loss from operations of $4,330,000 in Q2 2025, an improvement from a loss of $21,441,000 in Q2 2024[22] Stockholder Equity - The company’s total stockholders' equity increased to $4,811,953,000 as of June 30, 2025, from $4,751,154,000 at the end of 2024[20] Share-Based Compensation - Total share-based compensation increased to $227,234 thousand in Q2 2025 from $196,433 thousand in Q2 2024, representing a 15.7% increase[27] - The company began excluding payroll tax expense related to share-based compensation from Adjusted EBITDA and non-GAAP net income to better reflect ongoing business operations[29] Share Count - The company reported a basic weighted-average share count of 676,852 thousand for Q2 2025, down from 683,171 thousand in Q2 2024[29] - The diluted weighted-average shares used for computing non-GAAP net income per share decreased to 689,837 thousand in Q2 2025 from 708,258 thousand in Q2 2024[29] - Non-GAAP net income per share increased to $0.33 in Q2 2025, compared to $0.24 in Q2 2024, a growth of 37.5%[29]