secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001506293-22-000125
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinterest Q3: Revenue $685M (+8% YoY), net loss $65M, MAUs flat at 445M
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- GAAP net loss of $65M (vs $94M net income in Q3 2021); Adjusted EBITDA $77M, down 62% YoY.
- Revenue $685M, +8% YoY (+10% constant currency); global MAUs flat at 445M.
- New five-year $400M revolving credit facility replaces $500M facility; accordion option for additional $405M.
- Facility carries SOFR+1.50% interest, 0.15% commitment fee, max net leverage 3.50x; no outstanding borrowings as of Oct 27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000150629322000125/0001506293-22-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000150629322000125/pins-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001506293-22-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer