Pinterest reported strong Q1 2021 results with revenue growing 78% year-over-year to $485 million and MAUs increasing 30% year-over-year to 478 million. The company's international business and demand from mid-sized and managed small advertisers drove revenue growth. GAAP net loss was $22 million, while adjusted EBITDA was $84 million.
Revenue grew 78% year-over-year to $485 million, driven by growth in international business and from mid-sized and managed small advertisers.
Monthly Active Users (MAUs) increased 30% year-over-year to 478 million, with growth in both U.S. and international markets.
GAAP net loss was $22 million, or (4)% of revenue.
Adjusted EBITDA was $84 million, or 17% of revenue.
The company expects Q2 revenue to grow around 105% year-over-year and global MAUs to grow in the mid-teens. US MAUs are expected to be around flat year-over-year. Operating expense growth is expected to accelerate.
Visualization of income flow from segment revenue to net income