Pinterest Q4 2021 Earnings Report
Key Takeaways
Pinterest's Q4 2021 revenue grew 20% year-over-year to $847 million, while global MAUs decreased 6% to 431 million. GAAP net income was $175 million, and Adjusted EBITDA was $351 million. The company is focused on creator-led content, shopping, Pinner experience, and advertiser success in 2022.
Q4 revenue grew 20% year-over-year to $847 million.
Global MAUs decreased 6% year-over-year to 431 million.
GAAP net income for Q4 was $175 million.
Adjusted EBITDA was $351 million for Q4.
Pinterest
Pinterest
Pinterest Revenue by Geographic Location
Forward Guidance
Pinterest anticipates Q1 revenue growth to be in the high teens percentage range year-over-year. Non-GAAP operating expenses are expected to increase by around 10% quarter-over-quarter in Q1 and approximately 40% year-over-year for the full year.
Positive Outlook
- Focus on scaling native content ecosystem.
- Continued investment in the core Pinner experience.
- Expect research and development efforts to focus on shopping.
- Plan to continue to grow headcount to fund strategic initiatives.
- Expect research and development efforts to focus on ad product and measurement investments.
Challenges Ahead
- Uncertainty regarding the duration and scope of the coronavirus.
- General economic uncertainty in key global markets.
- Our ability to attract,retain and resurrect users and maintain and grow their engagement levels.
- Increasing competition for time spent online from video-centric consumer apps.
- Impact of the COVID-19 pandemic on our planned investments, operations, expenses, revenue, cash flow, liquidity, users and engagement
Revenue & Expenses
Visualization of income flow from segment revenue to net income