Pinterest Q4 revenue $877M (+4% YoY); CFO Morgenfeld to depart July 2023; $500M buyback authorized

PINTEREST, INC.

2022-FY EPS reported -$0.14 revenue$2,802,574,000

Q4 revenue $877M (+4% YoY); full-year 2022 revenue $2,803M (+9% YoY).
Q4 GAAP net income $17M (down from $175M); full-year GAAP net loss $96M.
Global MAUs 450M (+4% YoY); adjusted EBITDA $196M in Q4, $442M for full year.
Board authorized $500M stock repurchase program over the next 12 months.
CFO Todd Morgenfeld to transition by July 1, 2023; receives $400K cash and 384,615 RSU vesting.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Todd Morgenfeld

Chief Financial Officer

PINS · PINTEREST, INC.

Effective: 2023-07-01
Filed: February 6, 2023, 6:59 PM ET

On February 1, 2023, the Company and Todd Morgenfeld, the Company’s Chief Financial Officer, Head of Business Operations and Principal Financial Officer, determined that Mr. Morgenfeld would transition from the Company to pursue new career opportunities, effective as of July 1, 2023.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PINTEREST, INC. reported the year ended December 31, 2022 results: revenue $2,803 million, net income ($96 million).

Period: the year ended December 31, 2022
Revenue: $2,803 million
Net income: ($96 million)
Result: reported results

Exact text from the filing

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.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PINTEREST, INC. reported the quarter ended December 31, 2022 results: revenue $877 million, net income $17 million.

Period: the quarter ended December 31, 2022
Revenue: $877 million
Net income: $17 million
Result: reported results

Exact text from the filing

• 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.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Todd Morgenfeld changed role as Chief Financial Officer at PINTEREST, INC..

Action: transition
Role: Chief Financial Officer

Exact text from the filing

On February 1, 2023, the Company and Todd Morgenfeld, the Company’s Chief Financial Officer, Head of Business Operations and Principal Financial Officer, determined that Mr. Morgenfeld would transition from the Company to pursue new career opportunities, effective as of July 1, 2023.

View on SEC.gov

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PINTEREST, INC. filing history →

Source: SEC EDGAR

accession 0001506293-23-000021

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