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 the launch of the Creator Code, a new set of guidelines aimed at fostering a positive online environment. The Code mandates that creators agree to specific rules regarding kindness, factual accuracy, inclusion, and safety before publishing Story Pins. Additionally, Pinterest introduced tools for comment moderation and launched its first Creator Fund to support underrepresented creators. The initiatives reflect Pinterest's commitment to maintaining a safe, inclusive platform for its 450 million users.
Pinterest (NYSE: PINS) announced that Todd Morgenfeld, CFO and Head of Business Operations, will participate in the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 8:45 am PT (11:45 am ET). A live webcast and replay will be available on Pinterest's Investor Relations website.
Additionally, Pinterest uses its Investor Relations site to disclose material nonpublic information, urging investors to monitor it alongside press releases and SEC filings.
Founded in 2010 and headquartered in San Francisco, Pinterest has over 450 million monthly active users.
Pinterest (NYSE: PINS) is set to launch its first advertiser summit, Pinterest Presents, on March 3rd, 2021. The virtual event aims to engage marketers from key markets including the US, UK, France, Germany, Canada, and Australia. It will feature insights on the company’s latest ad products, diversity, sustainability, and more. Key speakers include CEO Ben Silbermann and industry leaders. Pinterest emphasizes accessibility for all attendees, stating that 89% of weekly Pinners use its platform for inspiration, offering advertisers unparalleled opportunities.
Pinterest, Inc. (NYSE: PINS) reported strong financial results for Q4 and the full year ended December 31, 2020. Q4 revenue surged 76% year-over-year to $706 million, while annual revenue rose 48% to $1.69 billion. Monthly Active Users (MAUs) climbed 37% to 459 million. Despite a net loss of $128 million for the year, adjusted EBITDA reached $305 million, highlighting significant operational improvement. Looking ahead, Pinterest expects Q1 revenue growth in the low-70% range, with a focus on enhancing user experience and advertiser success.
Pinterest, Inc. (NYSE: PINS) will announce its fourth quarter and fiscal year 2020 financial results on February 4, 2021, after market close. The company will hold a Q&A conference call at 1:30 p.m. PT (4:30 p.m. ET) on the same day to discuss these results. A live webcast and earnings release materials will be available on Pinterest’s Investor Relations website. The company emphasizes its commitment to using this platform for disclosing material nonpublic information under Regulation FD, urging investors to monitor updates closely.
Pinterest reported a strong Q3 2020, with revenue increasing 58% year-over-year to $443 million and Global Monthly Active Users (MAUs) rising 37% to 442 million. Despite a GAAP net loss of $(94 million), non-GAAP net income soared by 1,362% to $87 million, and adjusted EBITDA jumped to $93 million. The company anticipates around 60% revenue growth for Q4. CEO Ben Silbermann emphasized the importance of inspiring content and creator tools, while CFO Todd Morgenfeld noted recovering advertiser demand and successful international expansion.
Pinterest has appointed Salaam Coleman Smith to its Board of Directors, effective October 31, 2020. Smith, who has a notable background at Disney and Comcast NBCUniversal, is expected to enhance Pinterest's content strategy. This follows the recent appointments of Andrea Wishom and Aya Kanai, signaling a commitment to high-quality content that resonates globally. CEO Ben Silbermann expressed excitement over Smith's unique perspective, which aims to empower creators on the platform. Smith's experience in media is anticipated to contribute to Pinterest's growth and long-term vision.
Pinterest, Inc. (NYSE: PINS) is set to release its financial results for Q3 2020 on October 28, 2020, after market close. A Q&A conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results. Investors can access the earnings release and live webcast through the company's Investor Relations website. Pinterest utilizes this platform for disclosing material nonpublic information and encourages investors to stay updated via press releases and SEC filings. The company, founded in 2010, serves as a visual discovery engine, boasting over 240 billion saved Pins.