PINS - Public offerings

Board of Directors authorizes new $3.5 billion share repurchase program $2.0 billion of near-term share repurchases to consist of $1.0 billion accelerated share repurchase and $1.0 billion of intended open-market share repurchases Pinterest, Inc. (NYSE:PINS) ("Pinterest" or the "Company") today announced that affiliates of Elliott Investment Management, L.P. ("Elliott"), are investing $1.0 billion in Pinterest. Pinterest expects to use the proceeds from Elliott's investment to repurchase shares of its Class A common stock via a $1.0 billion accelerated share repurchase ("ASR") agreement. The ASR and future share repurchases will be conducted under a new $3.5 billion share repurchase p

Q3 Revenue of $763 million accelerated to 11% year over year growth Global Monthly Active Users reach 482 million, a record high for the company Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended September 30, 2023. Q3 revenue grew 11% year over year to $763 million. Global Monthly Active Users (MAUs) increased 8% year over year to 482 million. GAAP net income was $7 million for Q3. Adjusted EBITDA was $185 million for Q3. Total costs and expenses were $768 million. "We continued to accelerate the business in Q3," said Bill Ready, CEO of Pinterest. "We are driving strong revenue performance, robust global MAU growth, and substantial margin

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended June 30, 2023. Q2 revenue grew 6% year over year to $708 million. Global Monthly Active Users (MAUs) increased 8% year over year to 465 million. GAAP net loss was $35 million for Q2. Adjusted EBITDA was $107 million for Q2. Total costs and expenses were $781 million. We completed our $500 million stock repurchase program. "In Q2, we continued to build momentum with consumers and advertisers while further accelerating our pace of innovation," said Bill Ready, CEO of Pinterest. "Over the past year, we've been laser-focused on our key differentiators and we're seeing results. Users are com

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended March 31, 2023. Q1 revenue grew 5% year over year to $603 million. Global Monthly Active Users (MAUs) increased 7% year over year to 463 million. GAAP net loss was $209 million for Q1. Adjusted EBITDA was $27 million for Q1. Total costs and expenses were $846 million, including $121 million of restructuring charges. We repurchased 2.8 million shares of our Class A common stock for $72 million. $428 million remains available for repurchases under our $500 million authorization. "I'm proud of how our team is continuing to execute," said Bill Ready, CEO of Pinterest. "In Q1, we grew our bu

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter and year ended December 31, 2022. Q4 revenue grew 4% year over year to $877 million. 2022 revenue increased 9% year over year to $2,803 million. Global Monthly Active Users (MAUs) increased 4% year over year to 450 million. GAAP net income was $17 million for Q4. GAAP net loss was $96 million for 2022. Adjusted EBITDA was $196 million and $442 million for Q4 and 2022, respectively. Pinterest also announced its board of directors' authorization to repurchase up to $500 million of its Class A common stock over the next 12 months. "2022 was a solid year as we returned to MAU growth, deepened engagement a

Marc Steinberg Joins Board as Independent Director Pinterest, Inc. (NYSE:PINS) today announced it has entered into a long-term cooperation agreement with Elliott Investment Management L.P. (together with certain affiliates, "Elliott"), including the appointment of Marc Steinberg, Senior Portfolio Manager at Elliott, to the Board of Directors effective December 16, 2022. "We'd like to welcome Marc to the Pinterest Board following our collaborative dialogue with Marc, Jesse Cohn, and Elliott over the past few months," said Bill Ready, Chief Executive Officer, Pinterest. "We appreciate the perspective the team brings, as well as their commitment to our Company and mission. We believe in enga

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended September 30, 2022. Q3 revenue grew 8% year over year to $685 million. 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. "I'm proud of the solid results our team delivered in Q3, growing revenue 8% year over year, 10% on a constant currency basis, and returning to user growth," said Bill Ready, CEO, Pinterest. "Despite the challenging macro environment, we are delivering performance and a distinct value proposition to advertisers, reaching users across the full funnel. Through clear focus on incr

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended June 30, 2022. Q2 revenue grew 9% year over year to $666 million. Global Monthly Active Users (MAUs) decreased 5% year over year to 433 million. GAAP net loss was $43 million for Q2. Adjusted EBITDA was $92 million for Q2. "Pinterest achieved 9% revenue growth year over year in Q2, or 10% revenue growth on a constant currency basis, despite the uncertainty facing our advertisers," said Bill Ready, CEO, Pinterest. "We accelerated our investment in shopping and ecommerce this quarter, and I am thrilled by the dedication of our leaders and employees to continue to build a positive place on the Interne

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended March 31, 2022. Q1 revenue grew 18% year over year to $575 million. Global Monthly Active Users (MAUs) decreased 9% year over year to 433 million. GAAP net loss was $5 million for Q1. Adjusted EBITDA was $77 million for Q1. "Pinterest made good progress in Q1 executing on our long-term strategy. We continued to scale our native content and creators ecosystem, began beta testing Your Shop, our personalized shopping surface, and released our new open Pinterest API so that any developer can build applications for Pinners, creators, merchants and advertisers," said Ben Silbermann, CEO and cofounder, Pi

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter and year ended December 31, 2021. Q4 revenue grew 20% year over year to $847 million. Global Monthly Active Users (MAUs) decreased 6% year over year to 431 million. GAAP net income was $175 million for Q4, including a $49 million one-time share-based compensation charge related to our co-founder's transition and a $25 million non-cash charitable contribution. Adjusted EBITDA was $351 million for Q4. "We took important steps in 2021 with the launch of our foundational technology to deliver a video-first publishing platform. And, I'm proud to say that for the first time, we surpassed $2 billion in revenue fo

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended September 30, 2021. Q3 revenue grew 43% year over year to $633 million. Global Monthly Active Users (MAUs) grew 1% year over year to 444 million. GAAP net income was $94 million for Q3. Adjusted EBITDA was $201 million for Q3. "We were pleased with the financial results that we delivered in Q3," said Ben Silbermann, CEO and co-founder, Pinterest. "Revenue grew 43% year-over-year and I am proud of the team's progress in launching a number of new products for both creators and brands, bringing more video content and shoppable features to Pinterest." Q3 2021 Financial Highlights The following table su

Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended June 30, 2021. Q2 revenue grew 125% year over year to $613 million. Global Monthly Active Users (MAUs) grew 9% year over year to 454 million. GAAP net income was $69 million for Q2. Adjusted EBITDA was $178 million for Q2. "Our second quarter results reflect both the strength of our business and the recent shift in consumer behavior we've seen as people spend less time at home," said Ben Silbermann, CEO and co-founder, Pinterest. "While we navigate through pandemic impacts, Pinterest is focused on building for the long-term by transforming from a place to browse, save and organize to a community of i

SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2020. Q4 revenue grew 76% year over year to $706 million. 2020 revenue grew 48% year over year to $1,693 million. Global Monthly Active Users (MAUs) grew 37% year over year to 459 million. GAAP net income (loss) was $208 million and $(128) million for Q4 and 2020, respectively. Adjusted EBITDA was $299 million and $305 million for Q4 and 2020, respectively. “We welcomed over 100 million additional monthly active users to Pinterest in 2020, more than any other year in our history, and now we reach more than 450 million monthly active users