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Jun 30, 2020
Pinterest Q2 2020 Earnings Report
Pinterest's revenue grew, MAUs increased significantly, and the company addressed COVID-19 impacts and racial justice efforts.
Key Takeaways
Pinterest's Q2 2020 saw a 4% increase in revenue year-over-year to $272 million, driven by conversion optimization, shopping ads, and international markets. Global MAUs grew by 39% to 416 million. The company reported a GAAP net loss of $(101) million and an adjusted EBITDA loss of $(34) million.
Revenue grew 4% year-over-year, with improvements each month of the quarter.
Global MAUs increased by 39% year-over-year, reaching 416 million.
GAAP net loss was $(101) million, and adjusted EBITDA was $(34) million.
Growth was driven by conversion optimization, shopping ads, medium-sized advertisers, and international markets.
Revenue by Geographic Location
Forward Guidance
Given the continued uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macroeconomic conditions, we are not providing guidance expectations for revenue or Adjusted EBITDA for full year 2020. Our current expectation is that Q3 revenue will grow in the mid-30% range year over year.
Positive Outlook
- We estimate, on a preliminary basis, year-over-year revenue growth for the month of July to be about 50% through July 29th.
- We are encouraged by the performance of our business in July.
- We want to remain prudent in the near-term.
- We will ensure we invest in and prioritize the long-term growth of the company.
- We intend to provide further detail on recent trends and on our outlook during the conference call.
Challenges Ahead
- Given the continued uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macroeconomic conditions, we are not providing guidance expectations for revenue or Adjusted EBITDA for full year 2020.
- A tremendous amount of uncertainty remains given the ongoing COVID-19 pandemic and other factors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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