PINS EARNINGS FULL

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties, including, among other things, statements about our future operational and financial performance. We have used, and intend to continue to use, our investor relations website at as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD. A recording of the webcast will be available at for 90 days. This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, letter to shareholders and slide presentation are also available. We have also posted to our investor relations website a letter to shareholders. The call begins today at 2:00 PM (PT) / 5:00 PM (ET). However, it is important to note that material changes to reconciling items could have a significant effect on future GAAP results and, as such, we also believe that any reconciliations provided would imply a degree of precision that could be confusing or misleading to investors.Ī live audio webcast of our second quarter 2022 earnings release call will be available at. Accordingly, a reconciliation of these non-GAAP guidance metrics to their corresponding GAAP equivalents is not available without unreasonable effort. We have not provided the forward-looking GAAP equivalents for certain forward-looking non-GAAP operating expenses or a GAAP reconciliation as a result of the uncertainty regarding, and the potential variability of, reconciling items such as share-based compensation expense. We intend to provide further detail on our outlook during the conference call.

PINS EARNINGS FULL

We expect our Q3 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter*.įor the full year, there is no change to our previous expense outlook of non-GAAP operating expense growth in the range of 35-40% year over year*. Our current expectation is that Q3 2022 revenue will grow mid-single digits on a year-over-year percentage basis, which takes into account slightly greater foreign exchange headwinds than in Q2 2022. The following table summarizes our consolidated financial results (in thousands, except percentages, unaudited): Pinterest is uniquely positioned to tackle unsolved problems in our industry, capitalize on long-term digital commerce trends and help people go from inspiration to realization.” “We accelerated our investment in shopping and ecommerce this quarter, and I am thrilled by the dedication of our leaders and employees to continue to build a positive place on the Internet. “Pinterest achieved 9% revenue growth year over year in Q2, or 10% revenue growth on a constant currency basis, despite the uncertainty facing our advertisers,” said Bill Ready, CEO, Pinterest. Global Monthly Active Users (MAUs) decreased 5% year over year to 433 million.

Q2 revenue grew 9% year over year to $666 million. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2022. SAN FRANCISCO-( BUSINESS WIRE)-Pinterest, Inc.

Pins earnings