Pinterest Q2 revenue up 9% to $666M, net loss $43M; MAUs down 5% YoY to 433M

PINTEREST, INC.

2022-Q2 EPS reported -$0.07 revenue$1,240,815,000

Q2 revenue $666M, +9% YoY (+10% constant currency); strength from large retailers and international.
Global MAUs 433M, down 5% YoY (flat QoQ); user growth challenges persist.
GAAP net loss $43M vs. $69M net income a year ago; adjusted EBITDA $92M, down 48% YoY.
New CEO Bill Ready assumes leadership; plans to focus on shopping and ecommerce.
Signed multi-year content partnership with Tastemade; improved Idea Pin relevance via ML.

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