Loading...
•
Mar 31, 2023
Pinterest Q1 2023 Earnings Report
Pinterest's Q1 2023 earnings reflected a period of growth and strategic investment.
Key Takeaways
Pinterest announced its Q1 2023 results, with revenue growing 5% year-over-year to $603 million and global MAUs increasing 7% year-over-year to 463 million. The company reported a GAAP net loss of $209 million, while adjusted EBITDA was $27 million. Pinterest is expanding its ads business by opening up third-party ad demand, starting with Amazon.
Revenue grew 5% year-over-year to $603 million.
Global Monthly Active Users (MAUs) increased 7% year-over-year to 463 million.
GAAP net loss was $209 million.
Adjusted EBITDA was $27 million.
Revenue by Geographic Location
Forward Guidance
The company expects Q2 revenue to grow roughly in-line with the growth seen in Q4 2022 and Q1 2023. They anticipate Q2 non-GAAP operating expenses to grow low teens on a percentage basis quarter-over-quarter.
Positive Outlook
- Q2 revenue will grow roughly in-line with the growth we saw in Q4 2022 and Q1 2023
Challenges Ahead
- Q2 non-GAAP operating expenses to grow low teens on a percentage basis quarter-over-quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...