Pinterest Inc - Ordinary Shares - Class A

NYSE:PINS   3:59:55 PM EDT
59.87
+0.65 (+1.10%)
Products, Expansion, Other Pre-Announcement

Pinterest Reports Qtrly Non-Gaap EPS Of $0.11

Published: 04/27/2021 20:35 GMT
Pinterest Inc - Ordinary Shares - Class A (PINS) - Pinterest - Qtrly Revenue Was $485 Million, Up 78%.
Pinterest - Qtrly Non-GAAP EPS of $0.11.
Q1 Earnings per Share View $0.07, Revenue View $473.7 Million -- Refinitiv Ibes Data (analyst estimates).
Pinterest - Maus at Quarter-end Were 478 Million, Up 30%, Maintaining Strong Growth in Both U.S. and International Geographies.
Pinterest - Qtrly GAAP Net Loss Was $22 Million.
Pinterest - Current Expectation is That Q2 Revenue Will Grow Around 105%.
Q2 Revenue View $530.4 Million -- Refinitiv Ibes Data (analyst estimates).
Pinterest - in Q2, Expect Global Maus to Grow in the Mid-teens and U.S. Maus to Be Around Flat on a Yoy Percentage Basis.
Pinterest - Qtrly U.S. Maus Were 98 Million, Up 9%; Qtrly International Maus Were 380 Million, Up 37%.
Pinterest - International Business Grew Very Rapidly in Q1, Comprised Nearly 20% of Total Revenue for the First Time, Including Launch of Ads in Brazil.
Pinterest - Starting in Mid-march, Easing of Pandemic Restrictions Slowed U.S. Mau Growth, Lowered Engagement As People Spent Less Time Online.
Pinterest - in Q1, Saw Good Retention of the Maus Gained During 2020, But Still Don’t Know If Or How Long This Retention Will Last.
Pinterest - Expect Sequential Operating Expense Growth to Accelerate in Q2.
Pinterest - Also Intend to Scale Our Comprehension and Brand Marketing Efforts in 2021.
Pinterest - Intend to Grow Headcount Further, in Particular to Support International Expansion Efforts.