Pinterest Q1 revenue up 5% to $603M, net loss widens; Amazon ad partnership

PINTEREST, INC.

2023-Q1 EPS reported -$0.31 revenue$602,581,000

Revenue $603M (+5% YoY); global MAUs 463M (+7% YoY).
GAAP net loss $209M vs $5M loss year ago; includes $121M restructuring charges.
Adjusted EBITDA $27M (4% margin) down from $77M (13% margin) in Q1 2022.
Repurchased 2.8M shares for $72M; $428M remains under $500M buyback authorization.
Announced third-party ad demand partnership with Amazon, starting with Amazon as first partner.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PINTEREST, INC. reported the quarter ended March 31, 2023 results: revenue $603 million, net income $209 million.

Period: the quarter ended March 31, 2023
Revenue: $603 million
Net income: $209 million
Result: reported results

Exact text from the filing

Pinterest Announces First Quarter 2023 Results SAN FRANCISCO, Calif. - April 27, 2023 - 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.

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Source: SEC EDGAR

accession 0001506293-23-000074

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