Pinterest Q1 revenue $575M (+18% YoY), net loss narrows to $5M, MAUs drop 9% to 433M

PINTEREST, INC.

2022-Q1 EPS reported -$0.01 revenue$574,885,000

Revenue $574.9M, up 18% YoY; GAAP net loss $5.3M vs. $21.7M loss a year ago.
Global MAUs 433M, down 9% YoY; decline driven by lapping pandemic growth, lower search traffic, and Russia-Ukraine impact.
Adjusted EBITDA $76.8M, down 8% YoY; margin 13% vs. 17%.
New segment disclosure: US/Canada, Europe, Rest of World revenue and MAUs provided.
CEO cites challenging macro/geopolitical environment; video Idea Pins grew 15x YoY.

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