Welcome to our dedicated page for Pinterest news (Ticker: PINS), a resource for investors and traders seeking the latest updates and insights on Pinterest stock.
Pinterest, Inc. operates a visual search and discovery platform where people find inspiration, curate ideas and shop products. The company generates revenue primarily through digital advertising on its platform, with news regularly covering operating results, global monthly active users, average revenue per user, advertising monetization and product innovation.
Company updates also address Pinterest's AI-powered visual search and shopping experiences, performance advertising initiatives, share repurchases and other capital actions, and governance developments such as board appointments and executive leadership disclosures.
Pinterest, Inc. (NYSE: PINS) reported Q4 2022 revenue of $877 million, a 4% increase year-over-year, and full-year revenue of $2.803 billion, up 9%. Global Monthly Active Users (MAUs) grew 4% to 450 million. While Q4 GAAP net income was $17 million, the company faced a GAAP net loss of $96 million for 2022. Adjusted EBITDA was $196 million for Q4 and $442 million for the full year. The board authorized a $500 million stock repurchase program. A leadership transition was also announced with CFO Todd Morgenfeld leaving on July 1, 2023. Pinterest aims to enhance user monetization and adapt to a changing environment.
Pinterest, Inc. (NYSE: PINS) is set to release its financial results for the fourth quarter and fiscal year 2022 on February 6, 2023 after market close. A Q&A conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Investors can access a live webcast of the call and related materials through Pinterest’s Investor Relations website. Additionally, Pinterest intends to use this platform for disclosing important nonpublic information, urging investors to stay updated via their website and official communications.
Pinterest, Inc. (NYSE: PINS) announces the appointment of Marc Steinberg as an Independent Director, effective December 16, 2022. This move follows a long-term cooperation agreement with Elliott Investment Management, signifying a commitment to enhance user engagement and monetization strategies. Steinberg, a Senior Portfolio Manager at Elliott, brings valuable insights from his extensive experience in public and private equity. The Board now includes eight independent directors, reflecting a robust governance structure.
Pinterest, Inc. (NYSE: PINS) reported Q3 2022 financial results with an 8% year-over-year revenue increase to $685 million, albeit facing a GAAP net loss of $65 million. The company achieved adjusted EBITDA of $77 million, down 62% from the previous year. Global Monthly Active Users remained flat at 445 million, with revenue growth driven primarily by US & Canada, which saw a 9% increase. However, the outlook for Q4 2022 suggests mid-single-digit revenue growth amidst greater foreign exchange challenges.
Pinterest, Inc. (NYSE: PINS) will announce its third quarter 2022 financial results on October 27, 2022, after market close. The company will also host a Q&A conference call at 1:30 p.m. PT (4:30 p.m. ET) the same day to discuss these results. Investors can access the live webcast and related earnings materials through the Investor Relations website. Pinterest continues to utilize its website for disclosing material nonpublic information in compliance with Regulation FD.
Pinterest (NYSE: PINS) announced that CEO Bill Ready and CFO Todd Morgenfeld will participate in the Goldman Sachs Communacopia + Technology Conference on September 14, 2022, at 3:45 pm PT (6:45 pm ET). A live webcast will be available on Pinterest’s Investor Relations website. The company emphasizes the use of its IR site for disclosing material nonpublic information and urges investors to monitor its announcements. Pinterest, launched in 2010, is a platform with over 400 million monthly active users, offering visual inspiration and personalized shopping experiences.
Elliott Investment Management has become the largest investor in Pinterest (NYSE: PINS) and sees strong growth potential for the platform. The firm believes Pinterest's unique position in social media, search, and commerce offers a significant value-creation opportunity. Elliott commended CEO Bill Ready and the Board for the leadership transition, expressing confidence in their ability to navigate Pinterest's next growth phase. Elliott manages approximately $55.7 billion in assets, reflecting their substantial investment capacity.
Pinterest, Inc. (NYSE: PINS) reported Q2 2022 revenue of $666 million, a 9% year-over-year increase. However, the company faced a 5% decline in Global Monthly Active Users (MAUs), totaling 433 million. The GAAP net loss for the quarter was $43 million, while Adjusted EBITDA reached $92 million, reflecting a 48% decline compared to the previous year. Pinterest aims for mid-single-digit revenue growth in Q3 2022 and anticipates a 35-40% increase in non-GAAP operating expenses for the full year, citing foreign exchange headwinds.
Pinterest, Inc. (NYSE: PINS) will announce its Q2 2022 financial results and shareholder letter on August 1, 2022, after market close. A Q&A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the live webcast on Pinterest's Investor Relations website. Pinterest aims to keep investors informed through its website and Regulation FD compliant disclosures. The platform boasts over 400 million monthly active users and has accumulated more than 300 billion Pins.
Pinterest, Inc. (NYSE: PINS) announced a leadership transition, with co-founder Ben Silbermann becoming Executive Chairman and Bill Ready, formerly of Google, taking over as CEO effective June 29, 2022. Ready's extensive experience in commerce and payments is expected to strengthen Pinterest's growth strategy. The company, with over 400 million monthly active users, continues to emphasize user-centric improvements and international expansion while maintaining a robust advertising business. Silbermann expressed confidence in Ready's leadership capabilities during this pivotal change.