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Sep 30, 2022

Pinterest Q3 2022 Earnings Report

Pinterest grew revenue and returned to user growth.

Key Takeaways

Pinterest announced solid Q3 2022 results with revenue growing 8% year over year to $685 million and global MAUs flat at 445 million. GAAP net loss was $65 million, while Adjusted EBITDA was $77 million.

Q3 revenue grew 8% year over year to $685 million, and 10% on a constant currency basis.

Global Monthly Active Users (MAUs) were flat year over year at 445 million.

GAAP net loss was $65 million for Q3.

Adjusted EBITDA was $77 million for Q3.

Total Revenue
$685M
Previous year: $633M
+8.2%
EPS
$0.11
Previous year: $0.28
-60.7%
Global MAUs
445M
Previous year: 444M
+0.2%
U.S. MAUs
95M
Previous year: 89M
+6.7%
Global ARPU
$1.56
Previous year: $1.41
+10.6%
Gross Profit
$502M
Previous year: $506M
-0.8%
Cash and Equivalents
$1.67B
Previous year: $1.23B
+35.7%
Total Assets
$3.69B
Previous year: $3.15B
+17.1%

Pinterest

Pinterest

Pinterest Revenue by Geographic Location

Forward Guidance

Q4 2022 revenue will grow mid-single digits on a year-over-year percentage basis. Q4 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter. For the full year, we expect non-GAAP operating expenses to grow around 35% year over year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income