Pinterest Q2 revenue up 6% to $708M, MAUs up 8% to 465M, adjusted EBITDA margin expands to 15%

PINTEREST, INC.

2023-Q2 EPS reported -$0.36 revenue$1,310,606,000

Revenue $708M (+6% YoY); GAAP net loss improved to -$35M from -$43M.
Global MAUs 465M (+8% YoY); focus on user engagement and shoppable content.
Adjusted EBITDA $107M (+16% YoY), margin 15% vs 14% in prior year.
Non-GAAP net income $142M, up 84% YoY.
Completed $500M stock repurchase program.

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 0.95

PINTEREST, INC. reported quarter ended June 30, 2023 results: revenue 708 million dollars, net income -34,942 thousand dollars.

Period: quarter ended June 30, 2023
Revenue: 708 million dollars
Net income: -34,942 thousand dollars
Result: reported results

Exact text from the filing

Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2023. • Q2 revenue grew 6% year over year to $708 million. • Global Monthly Active Users (MAUs) increased 8% year over year to 465 million. • GAAP net loss was $35 million for Q2.

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Source: SEC EDGAR

accession 0001506293-23-000161

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