NYSE$PINS

Pinterest Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Pinterest's Q2 2022 results reflected revenue growth and strategic investments in user experience, content ecosystem, and advertiser value, while navigating macroeconomic uncertainties.

Pinterest's Q2 2022 showed a 9% year-over-year revenue increase to $666 million, driven by large retailers and international business, despite a net loss of $43 million. The company focused on enhancing the pinner experience, expanding its content ecosystem, and providing measurable returns for advertisers amid macroeconomic challenges.

  • Q2 revenue grew 9% year over year to $666 million, and 16% quarter over quarter.
  • Global Monthly Active Users (MAUs) of 433 million were flat quarter over quarter, and down 5% year over year.
  • GAAP net loss was $43 million for Q2, compared to GAAP net income of $69 million in the year ago quarter.
  • Adjusted EBITDA was $92 million for Q2.

Headline financials

Total Revenue

$666M

Previous: $613M+8.6%
EPS (adj)

$0.11

Previous: $0.25-56.0%
Global MAUs

433.0M

Previous: 454.0M-4.6%
U.S. and Canada MAUs

92.0M

Previous: 91.0M+1.1%
Europe MAUs

117.0M

Previous: 363.0M-67.8%
Rest of World MAUs

223.0M

No prior period
Global ARPU

$1.54

Previous: $1.32+16.7%
U.S. and Canada ARPU

$5.82

Previous: $5.08+14.6%
Europe ARPU

$0.86

Previous: $0.36+138.9%
Rest of World ARPU

$0.10

No prior period
Free Cash Flow

-$43.1M

Previous: $69.4M-162.1%
Net Income

-$43.1M

Previous: $69.4M-162.1%
Operating Income

-$34.5M

Previous: $71.2M-148.5%
Gross Profit

$501M

Previous: $485M+3.2%
Cash & Equivalents

$1.64B

Previous: $1.01B+62.1%
Total Assets

$3.69B

Previous: $2.89B+28.0%
Stock-Based Comp

$117M

Previous: $100M+17.1%

Revenue & EPS history

Pinterest · Revenue · Quarterly

$666M

Q2 2022+8.6%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Our current expectation is that Q3 2022 revenue will grow mid-single digits on a year-over-year percentage basis, which takes into account slightly greater foreign exchange headwinds than in Q2 2022. We expect our Q3 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter. For the full year, there is no change to our previous expense outlook of non-GAAP operating expense growth in the range of 35-40% year over year

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 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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