Pinterest Q2 2022 Earnings Report
Key Takeaways
Pinterest's Q2 2022 showed a 9% year-over-year revenue increase to $666 million, driven by large retailers and international business, despite a net loss of $43 million. The company focused on enhancing the pinner experience, expanding its content ecosystem, and providing measurable returns for advertisers amid macroeconomic challenges.
Q2 revenue grew 9% year over year to $666 million, and 16% quarter over quarter.
Global Monthly Active Users (MAUs) of 433 million were flat quarter over quarter, and down 5% year over year.
GAAP net loss was $43 million for Q2, compared to GAAP net income of $69 million in the year ago quarter.
Adjusted EBITDA was $92 million for Q2.
Pinterest
Pinterest
Pinterest Revenue by Geographic Location
Forward Guidance
Our current expectation is that Q3 2022 revenue will grow mid-single digits on a year-over-year percentage basis, which takes into account slightly greater foreign exchange headwinds than in Q2 2022. We expect our Q3 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter. For the full year, there is no change to our previous expense outlook of non-GAAP operating expense growth in the range of 35-40% year over year
Revenue & Expenses
Visualization of income flow from segment revenue to net income