NYSE$PINS

Pinterest Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Pinterest grew revenue and returned to user growth.

Pinterest announced solid Q3 2022 results with revenue growing 8% year over year to $685 million and global MAUs flat at 445 million. GAAP net loss was $65 million, while Adjusted EBITDA was $77 million.

  • Q3 revenue grew 8% year over year to $685 million, and 10% on a constant currency basis.
  • Global Monthly Active Users (MAUs) were flat year over year at 445 million.
  • GAAP net loss was $65 million for Q3.
  • Adjusted EBITDA was $77 million for Q3.

Headline financials

Total Revenue

$685M

Previous: $633M+8.2%
EPS (adj)

$0.11

Previous: $0.28-60.7%
Global MAUs

445.0M

Previous: 444.0M+0.2%
U.S. and Canada MAUs

95.0M

Previous: 89.0M+6.7%
Europe MAUs

120.0M

Previous: 356.0M-66.3%
Rest of World MAUs

230.0M

No prior period
Global ARPU

$1.56

Previous: $1.41+10.6%
U.S. and Canada ARPU

$6.13

Previous: $5.55+10.5%
Europe ARPU

$0.72

Previous: $0.38+89.5%
Rest of World ARPU

$0.11

No prior period
Free Cash Flow

-$65.2M

Previous: $94M-169.3%
Net Income

-$65.2M

Previous: $94M-169.3%
Operating Income

-$69.4M

Previous: $98.4M-170.5%
Gross Profit

$502M

Previous: $506M-0.8%
Cash & Equivalents

$1.67B

Previous: $1.23B+35.7%
Total Assets

$3.69B

Previous: $3.15B+17.1%
Stock-Based Comp

$136M

Previous: $96.3M+41.4%

Revenue & EPS history

Pinterest · Revenue · Quarterly

$685M

Q3 2022+8.2%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Q4 2022 revenue will grow mid-single digits on a year-over-year percentage basis. Q4 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter. For the full year, we expect non-GAAP operating expenses to grow around 35% 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 Q3 2022

Historical avgQ3 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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