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 the fourth quarter and fiscal year 2022 on February 6, 2023 after market close. A Q&A conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Investors can access a live webcast of the call and related materials through Pinterest’s Investor Relations website. Additionally, Pinterest intends to use this platform for disclosing important nonpublic information, urging investors to stay updated via their website and official communications.
Pinterest, Inc. (NYSE: PINS) announces the appointment of Marc Steinberg as an Independent Director, effective December 16, 2022. This move follows a long-term cooperation agreement with Elliott Investment Management, signifying a commitment to enhance user engagement and monetization strategies. Steinberg, a Senior Portfolio Manager at Elliott, brings valuable insights from his extensive experience in public and private equity. The Board now includes eight independent directors, reflecting a robust governance structure.
Pinterest, Inc. (NYSE: PINS) reported Q3 2022 financial results with an 8% year-over-year revenue increase to $685 million, albeit facing a GAAP net loss of $65 million. The company achieved adjusted EBITDA of $77 million, down 62% from the previous year. Global Monthly Active Users remained flat at 445 million, with revenue growth driven primarily by US & Canada, which saw a 9% increase. However, the outlook for Q4 2022 suggests mid-single-digit revenue growth amidst greater foreign exchange challenges.
Pinterest, Inc. (NYSE: PINS) will announce its third quarter 2022 financial results on October 27, 2022, after market close. The company will also host a Q&A conference call at 1:30 p.m. PT (4:30 p.m. ET) the same day to discuss these results. Investors can access the live webcast and related earnings materials through the Investor Relations website. Pinterest continues to utilize its website for disclosing material nonpublic information in compliance with Regulation FD.
Pinterest (NYSE: PINS) announced that CEO Bill Ready and CFO Todd Morgenfeld will participate in the Goldman Sachs Communacopia + Technology Conference on September 14, 2022, at 3:45 pm PT (6:45 pm ET). A live webcast will be available on Pinterest’s Investor Relations website. The company emphasizes the use of its IR site for disclosing material nonpublic information and urges investors to monitor its announcements. Pinterest, launched in 2010, is a platform with over 400 million monthly active users, offering visual inspiration and personalized shopping experiences.
Elliott Investment Management has become the largest investor in Pinterest (NYSE: PINS) and sees strong growth potential for the platform. The firm believes Pinterest's unique position in social media, search, and commerce offers a significant value-creation opportunity. Elliott commended CEO Bill Ready and the Board for the leadership transition, expressing confidence in their ability to navigate Pinterest's next growth phase. Elliott manages approximately $55.7 billion in assets, reflecting their substantial investment capacity.
Pinterest, Inc. (NYSE: PINS) reported Q2 2022 revenue of $666 million, a 9% year-over-year increase. However, the company faced a 5% decline in Global Monthly Active Users (MAUs), totaling 433 million. The GAAP net loss for the quarter was $43 million, while Adjusted EBITDA reached $92 million, reflecting a 48% decline compared to the previous year. Pinterest aims for mid-single-digit revenue growth in Q3 2022 and anticipates a 35-40% increase in non-GAAP operating expenses for the full year, citing foreign exchange headwinds.
Pinterest, Inc. (NYSE: PINS) will announce its Q2 2022 financial results and shareholder letter on August 1, 2022, after market close. A Q&A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the live webcast on Pinterest's Investor Relations website. Pinterest aims to keep investors informed through its website and Regulation FD compliant disclosures. The platform boasts over 400 million monthly active users and has accumulated more than 300 billion Pins.
Pinterest, Inc. (NYSE: PINS) announced a leadership transition, with co-founder Ben Silbermann becoming Executive Chairman and Bill Ready, formerly of Google, taking over as CEO effective June 29, 2022. Ready's extensive experience in commerce and payments is expected to strengthen Pinterest's growth strategy. The company, with over 400 million monthly active users, continues to emphasize user-centric improvements and international expansion while maintaining a robust advertising business. Silbermann expressed confidence in Ready's leadership capabilities during this pivotal change.
Pinterest, Inc. (NYSE: PINS) has completed its acquisition of THE YES, an AI-driven fashion shopping platform. This strategic move aims to enhance Pinterest's shopping experience and solidify its role as a taste-driven shopping destination. The integration will focus on merging technology and shopping expertise while phasing out THE YES app and website. Although the financial terms of the deal were not disclosed, Pinterest anticipates that the innovative technology and leadership of THE YES will significantly contribute to its shopping vision.
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