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Dec 31, 2022
Pinterest Q4 2022 Earnings Report
Pinterest's Q4 2022 earnings demonstrated revenue growth and user engagement, while facing macroeconomic headwinds.
Key Takeaways
Pinterest announced a 4% year-over-year revenue increase for Q4 2022, reaching $877 million. Global MAUs also increased by 4% to 450 million. The company reported a GAAP net income of $17 million for the quarter and authorized a $500 million stock repurchase program.
Q4 revenue increased by 4% year-over-year to $877 million.
Global MAUs grew by 4% year-over-year to 450 million.
GAAP net income for Q4 was $17 million.
A stock repurchase program of up to $500 million was authorized.
Pinterest
Pinterest
Pinterest Revenue by Geographic Location
Revenue by Geographic Location
U.S. and Canada Revenue
CapyFin.comEurope Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Pinterest anticipates Q1 2023 revenue to grow in the low single digits year-over-year, factoring in slightly lower foreign exchange headwinds compared to Q4 2022. The company expects its Q1 2023 non-GAAP operating expenses to decline to low double digits percent quarter-over-quarter.
Positive Outlook
- Q1 2023 revenue is expected to grow in the low single digits year-over-year.
- Foreign exchange headwinds are expected to be slightly lower in Q1 2023 compared to Q4 2022.
- Q1 2023 non-GAAP operating expenses are expected to decline to low double digits percent quarter-over-quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income