Welcome to our dedicated page for Pinterest news (Ticker: PINS), a resource for investors and traders seeking the latest updates and insights on Pinterest stock.
Pinterest, Inc. (symbol: PINS), first launched in 2010, is a leading online discovery platform that helps users find and save creative ideas for various aspects of their lives, from cooking and travel to home improvement. Designed to inspire people to do things they love, Pinterest is accessible through both its website and mobile app, and serves a global audience of nearly 500 million monthly active users.
Pinterest's core business revolves around user-generated content, where users, often referred to as 'Pinners,' create and share boards and pins of images, videos, and links. The platform's user base is predominantly female, making up roughly two thirds of its audience. To monetize its services, Pinterest sells digital ads that are integrated seamlessly into users' feeds, making advertising both effective and non-intrusive.
One of Pinterest's significant revenue streams comes from the United States and Canada, which, despite hosting only about 20% of its users, contribute to approximately 80% of its revenue as of 2023. This highlights the platform's strong market presence and monetization strategy in North America. The company is also expanding its revenue-generating capabilities by introducing more in-platform e-commerce features, allowing users to shop directly from the pins they save.
In addition to its revenue strategies, Pinterest continually enhances its platform through various partnerships and technological advancements. This includes collaborations with content creators and brands to deliver personalized and engaging content to its users. The company's mission remains focused on helping people discover things they love and inspiring them to bring those ideas into their everyday lives.
For those seeking further assistance or information, Pinterest provides comprehensive support through their help center at help.pinterest.com and additional company details are available at about.pinterest.com.
Pinterest, Inc. (NYSE: PINS) is set to release its financial results for Q1 2023 on April 27th, 2023, after market close. Following the announcement, a Q&A conference call will take place at 1:30 p.m. PT (4:30 p.m. ET) on the same day. Investors can access a live webcast of the call and related materials via Pinterest's Investor Relations website. The company emphasizes the importance of its Investor Relations site for disclosing material nonpublic information in compliance with Regulation FD. Pinterest offers a platform for users to discover and save visual inspiration, boasting over 400 million monthly active users and more than 390 billion Pins saved across various interests.
Pinterest, Inc. (NYSE: PINS) announced that CEO Bill Ready will speak at the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2023, at 4:30 p.m. PST (7:30 p.m. EST). The presentation will be accessible via a live webcast on Pinterest's Investor Relations website, which will also host a replay of the event.
Pinterest emphasizes the importance of their Investor Relations site for disclosing material nonpublic information. Established in 2010 and based in San Francisco, Pinterest serves over 400 million monthly active users, allowing them to discover and shop products aligned with their interests.
Pinterest, Inc. (NYSE: PINS) reported Q4 2022 revenue of $877 million, a 4% increase year-over-year, and full-year revenue of $2.803 billion, up 9%. Global Monthly Active Users (MAUs) grew 4% to 450 million. While Q4 GAAP net income was $17 million, the company faced a GAAP net loss of $96 million for 2022. Adjusted EBITDA was $196 million for Q4 and $442 million for the full year. The board authorized a $500 million stock repurchase program. A leadership transition was also announced with CFO Todd Morgenfeld leaving on July 1, 2023. Pinterest aims to enhance user monetization and adapt to a changing environment.
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