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 (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.
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.