NYSE$PINS
Pinterest Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Pinterest's Q2 2021 performance reflected strong revenue growth driven by advertiser demand, offset by slower user growth due to easing pandemic restrictions.
Pinterest's Q2 2021 saw a 125% year-over-year revenue increase to $613 million, driven by strong advertiser demand and international growth. Monthly Active Users (MAUs) grew 9% to 454 million, which was slower than expected due to the easing of pandemic restrictions. The company reported a GAAP net income of $69 million, or 11% of revenue.
- Revenue grew 125% year-over-year to $613 million, driven by increased demand from large retail advertisers and international business growth.
- Monthly Active Users (MAUs) increased 9% year-over-year to 454 million, but growth was slower than expected due to easing pandemic restrictions.
- GAAP net income was $69 million, representing 11% of revenue.
- Adjusted EBITDA was $178 million, or 29% of revenue.
Headline financials
Revenue & EPS history
Pinterest · Revenue · Quarterly
$613M
Forward guidance
Pinterest expects Q3 revenue to grow in the low-40% range year-over-year. They anticipate a modest increase in Q3 operating expenses as they continue to invest in long-term strategic priorities.
Tailwinds
- Q3 revenue is expected to grow in the low-40% range year-over-year.
- Continued investment in long-term strategic priorities.
- Plans to resume brand marketing campaign in early Q4.
- Focus on Pinner product, ad product, and measurement investments.
- Further headcount growth to support international expansion efforts.
Headwinds
- Engagement headwinds have continued in July.
- U.S. MAUs have declined approximately 7% year-over-year as of July 27, 2021.
- Global MAUs have grown approximately 5% year-over-year as of July 27, 2021.
- Uncertainty remains due to the ongoing COVID-19 pandemic and related restrictions.
- No guidance provided on Q3 2021 MAUs due to lack of visibility into key drivers of engagement.
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 Q2 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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