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Dec 31, 2019
Pinterest Q4 2019 Earnings Report
Pinterest's financial performance for Q4 2019 showed revenue growth and a GAAP net loss, but profitability on a non-GAAP basis, alongside user base expansion and strategic investments.
Key Takeaways
Pinterest's Q4 2019 showed strong revenue growth of 46% year over year, reaching $400 million. Global MAUs increased by 26% to 335 million. The company reported a GAAP net loss of $36 million, but was profitable on a non-GAAP basis with an Adjusted EBITDA of $77 million.
Q4 revenue grew 46% year over year to $400 million.
Global MAUs grew 26% year over year to 335 million.
GAAP net loss was $36 million.
Adjusted EBITDA was $77 million, resulting in a 19% EBITDA margin.
Pinterest
Pinterest
Pinterest Revenue by Geographic Location
Revenue by Geographic Location
U.S. and Canada Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
For 2020, Pinterest expects revenue up to $1.52 billion, representing growth up to 33% compared to full-year 2019, and Adjusted EBITDA margin to be flat to up slightly compared to 2019.
Positive Outlook
- Significant opportunity to scale our business in the U.S. and internationally.
- Expect to continue to grow users in both geographies, with international users growing at a faster pace.
- Strategic priorities for 2020 include content, ads diversification, use case expansion and shopping.
- Investments in sales coverage and R&D talent to support the Pinner and business initiatives.
- Expand international headcount further and scale comprehension and brand marketing efforts in 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income