NYSE$PINS
Pinterest Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Pinterest's Q3 2021 performance reflected revenue growth driven by retail advertisers and international expansion, offset by user engagement headwinds and CPG sector weakness.
Pinterest's Q3 2021 showed a 43% year-over-year revenue increase to $633 million, driven by retail advertisers and international growth, but was impacted by engagement headwinds and weakness in the CPG sector. Global MAUs grew 1% to 444 million. GAAP net income was $94 million, representing 15% of revenue.
- Q3 revenue increased by 43% year-over-year, reaching $633 million, fueled by large retail advertisers and international growth.
- Global MAUs experienced a 1% year-over-year growth, totaling 444 million, influenced by engagement headwinds as pandemic restrictions eased.
- GAAP net income for Q3 was $94 million, which is 15% of the revenue.
- Adjusted EBITDA for Q3 was $201 million, representing 32% of revenue.
Headline financials
Revenue & EPS history
Pinterest · Revenue · Quarterly
$633M
Forward guidance
Q4 revenue is expected to grow in the high teens percentage range year over year. Non-GAAP operating expenses are expected to grow in the low teens quarter over quarter.
Tailwinds
- Continued investment in native content/Creator ecosystem.
- Ongoing investment in brand marketing campaign.
- Focus on Pinner product investments.
- Focus on ad product investments.
- Focus on measurement investments.
Headwinds
- The evolution of COVID-19 and the impact of the pandemic unwind on engagement remain unknown.
- Results, trends and outlook for the Q4 2021 period to date are preliminary, subject to change, and may not be an indication of future performance.
- Continued investment in headcount to fund strategic initiatives.
- Uncertainty regarding user engagement levels.
- Potential impact of COVID-19 variants.
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 Q3 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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