Pinterest Stock Price, News & Analysis

Pinterest, Inc. (NYSE: PINS) has completed its acquisition of THE YES, an AI-driven fashion shopping platform. This strategic move aims to enhance Pinterest's shopping experience and solidify its role as a taste-driven shopping destination. The integration will focus on merging technology and shopping expertise while phasing out THE YES app and website. Although the financial terms of the deal were not disclosed, Pinterest anticipates that the innovative technology and leadership of THE YES will significantly contribute to its shopping vision.

Pinterest, Inc. (NYSE: PINS) announced a definitive agreement to acquire THE YES, an AI-driven fashion shopping platform. This strategic move aims to enhance Pinterest's shopping capabilities by leveraging THE YES's personalized shopping technology and extensive brand relationships. Julie Bornstein, CEO of THE YES, will lead Pinterest's shopping vision post-acquisition. The transaction is expected to close in Q2 2022, pending customary conditions. Financial terms were not disclosed, but Pinterest anticipates potential synergies across various product categories, including home and beauty.

Pinterest, Inc. (NYSE: PINS) reported a Q1 2022 revenue growth of 18% year-over-year, totaling $575 million. However, the company faced a 9% decline in Global Monthly Active Users (MAUs), now at 433 million. Despite a GAAP net loss of $5 million, adjusted EBITDA was $77 million. The firm plans to boost investments in its native content and shopping initiatives. Looking ahead, Pinterest anticipates approximately 11% revenue growth in Q2 but expects non-GAAP operating expenses to rise 10% quarter-over-quarter.

Pinterest, Inc. (NYSE: PINS) will release its first quarter 2022 financial results on April 27, 2022, after market close. A Q&A conference call is scheduled for 1:30 p.m. PT (4:30 p.m. ET) on the same day to discuss these results. Investors can access the live webcast and related materials via Pinterest’s Investor Relations website. Pinterest intends to continue using its website for material disclosures, urging investors to monitor it along with press releases and SEC filings.

Pinterest, Inc. (NYSE: PINS) will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 9, 2022, at 3:35 pm PT (6:35 pm ET). CEO Ben Silbermann and CFO Todd Morgenfeld will represent the company. A live webcast and replay will be available on Pinterest's Investor Relations website.

Pinterest is dedicated to using its IR website for disclosing material information, aligning with Regulation FD. The platform serves over 400 million monthly active users.

Pinterest (NYSE: PINS) is set to host its annual global advertiser summit, Pinterest Presents, on March 10, 2022. The event, themed 'It's different here', will showcase updates on personalized shopping, creators, and trends. Fashion expert Tan France will be a special guest, providing insights for marketers. Attendees include executives from key markets like the US, UK, France, and Germany. Pinterest aims to inspire advertisers by highlighting innovative approaches to consumer engagement, positioning itself as a unique player in the advertising landscape.

Pinterest, Inc. reported Q4 revenue of $847 million, a 20% increase year-over-year, contributing to a full-year revenue of over $2 billion, up 52%. However, global Monthly Active Users (MAUs) fell 6% to 431 million. GAAP net income for Q4 stood at $175 million, which included a $49 million one-time compensation charge. Adjusted EBITDA reached $351 million, showing a 17% rise. For Q1 2022, revenue growth is expected in the high teens, with operating expenses projected to rise around 10% quarter-over-quarter as investments in native content and user experience continue.

Pinterest, Inc. (NYSE: PINS) will disclose its financial results for Q4 and the fiscal year 2021 on February 3, 2022, after market close. A conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) on the same day for discussing the results. Investors can access a live webcast of the call and related materials via the Investor Relations website. Pinterest continues to use this platform for disclosing material nonpublic information to comply with regulations.

Pinterest, Inc. (NYSE: PINS) reported a strong financial performance for Q3 2021, with revenue reaching $633 million, a 43% increase year-over-year. The company achieved a GAAP net income of $94 million, while adjusted EBITDA stood at $201 million, reflecting a 117% growth from the previous year. Monthly Active Users (MAUs) rose to 444 million, showing a slight increase of 1%. The U.S. MAUs decreased by 10% to 89 million, whereas international MAUs grew by 4%. Looking ahead, Pinterest anticipates Q4 revenue growth in the high teens percentage range.