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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.
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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