NYSE$PINS
Pinterest Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Pinterest's Q1 revenue grew 35% year over year, driven by video, conversion optimization, and shopping ad products, but experienced a sharp deceleration in March due to COVID-19.
Pinterest's Q1 2020 saw revenue growth of 35% year-over-year to $272 million, with global MAUs increasing by 26% to 367 million. However, the company experienced a sharp deceleration in revenue growth in mid-March due to the COVID-19 pandemic. The GAAP net loss was $141 million, and the Adjusted EBITDA was a loss of $53 million.
- Q1 revenue grew 35% year over year to $272 million, but growth decelerated sharply in mid-March due to COVID-19.
- Global MAUs grew 26% year over year to 367 million.
- GAAP net loss was $141 million.
- Adjusted EBITDA was $(53) million.
Headline financials
Revenue & EPS history
Pinterest · Revenue · Quarterly
$272M
Forward guidance
Given the uncertainties related to the ongoing COVID-19 pandemic and the rapidly shifting macroeconomic conditions, we are not providing guidance expectations for revenue or Adjusted EBITDA for 2020.
Tailwinds
- Strategic priorities for 2020 remain content, ads diversification, use case expansion and shopping.
- Pinterest is a place to inspire people with helpful and actionable information while helping business partners succeed with the tools and insight they need most.
- Continue to invest in these priorities in the coming year as we pursue and prioritize long-term growth.
- Strong balance sheet to support that, with $1.7 billion in cash, cash equivalents, and marketable securities and a $500 million undrawn revolver.
- Making adjustments to our expenses where appropriate.
Headwinds
- Uncertainties related to the ongoing COVID-19 pandemic.
- Rapidly shifting macroeconomic conditions.
- Cost of revenue has generally grown with users rather than revenue, which in this environment puts some pressure on gross margins.
- Expect to continue to grow operating expenses in Q220 year over year, but at a slower pace compared to Q120.
- No guidance expectations for revenue or Adjusted EBITDA for 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.0%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+0.4%
Avg return
30 days after
46%
13 / 28 earnings
Positive
+43.2%
Q2 2020
Best reaction
-23.2%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | +2.2% | +3.8% | |
| Q4 2025 | -16.8% | -11.7% | -1.9% | |
| Q3 2025 | -21.8% | -17.9% | -18.7% | |
| Q1 2025 | +4.6% | +18.1% | +22.8% | |
| Q4 2024 | +19.1% | +16.4% | +2.1% | |
| Q3 2024 | -13.6% | -9.2% | -4.4% | |
| Q2 2024 | -14.5% | -22.1% | -16.5% | |
| Q1 2024 | +19.8% | +19.6% | +22.5% | |
| Q4 2023 | -9.7% | -12.5% | -14.5% | |
| Q3 2023 | +22.7% | +27.0% | +36.6% | |
| Q2 2023 | -3.9% | -8.0% | -5.2% | |
| Q1 2023 | -13.6% | -19.7% | -8.9% | |
| Q4 2022 | -3.7% | -9.6% | -6.3% | |
| Q3 2022 | +13.0% | +9.8% | +13.4% | |
| Q2 2022 | +14.5% | +15.8% | +18.3% | |
| Q1 2022 | +10.3% | +15.3% | +6.4% | |
| Q4 2021 | -0.3% | -2.4% | -11.5% | |
| Q3 2021 | +3.4% | +4.4% | -19.8% | |
| Q2 2021 | -23.2% | -21.7% | -25.3% | |
| Q1 2021 | -13.6% | -13.5% | -16.2% | |
| Q4 2020 | +6.2% | +2.9% | -11.7% | |
| Q3 2020 | +19.0% | +11.2% | +32.7% | |
| Q2 2020 | +43.2% | +42.4% | +40.3% | |
| Q1 2020 | -17.3% | -7.7% | -1.1% | |
| Q4 2019 | +15.0% | +9.7% | -15.5% | |
| Q3 2019 | -19.5% | -21.0% | -24.8% | |
| Q2 2019 | +15.8% | +12.7% | +18.7% | |
| Q1 2019 | -6.7% | -11.2% | -4.3% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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