secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001506293-23-000074
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000150629323000074/0001506293-23-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000150629323000074/pins-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001506293-23-000074

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