NYSE$PINS
Pinterest Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Pinterest's Q1 2021 earnings were released, showing significant revenue growth and continued user engagement.
Pinterest reported strong Q1 2021 results with revenue growing 78% year-over-year to $485 million and MAUs increasing 30% year-over-year to 478 million. The company's international business and demand from mid-sized and managed small advertisers drove revenue growth. GAAP net loss was $22 million, while adjusted EBITDA was $84 million.
- Revenue grew 78% year-over-year to $485 million, driven by growth in international business and from mid-sized and managed small advertisers.
- Monthly Active Users (MAUs) increased 30% year-over-year to 478 million, with growth in both U.S. and international markets.
- GAAP net loss was $22 million, or (4)% of revenue.
- Adjusted EBITDA was $84 million, or 17% of revenue.
Headline financials
Revenue & EPS history
Pinterest · Revenue · Quarterly
$485M
Forward guidance
The company expects Q2 revenue to grow around 105% year-over-year and global MAUs to grow in the mid-teens. US MAUs are expected to be around flat year-over-year. Operating expense growth is expected to accelerate.
Tailwinds
- Q2 revenue is expected to grow around 105% year-over-year.
- Global MAUs are expected to grow in the mid-teens.
- Continued investment in long-term initiatives and growth drivers.
- Focus on content, Pinner experience, advertiser success, and shopping.
- Expected headcount growth to support international expansion efforts.
Headwinds
- Continued uncertainty given the ongoing COVID-19 pandemic and other factors.
- US MAUs are expected to be around flat on a year-over-year percentage basis.
- Sequential operating expense growth to accelerate in Q2.
- Navigating uncertainty due to the ongoing COVID-19 pandemic.
- The company did not provide specific guidance beyond Q2.
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 2021
+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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