Categories AlphaGraphs, Earnings, Technology

PINS Earnings: Pinterest Q2 2022 profit drops and misses estimates

Image sharing platform Pinterest, Inc. (NYSE: PINS) Monday reported a decline in second-quarter adjusted earnings, despite an increase in revenues.

Pinterest Q2 2022 earnings infographic

Second-quarter earnings, adjusted for one-off items, dropped to $0.11 per share from $0.25 per share a year earlier. On an unadjusted basis, it was a net loss of $43.1 million or $0.07 per share, compared to a profit of $69.4 million or $0.10 per share in the same period of 2021. The bottom line also missed the consensus forecast.

Meanwhile, revenues increased 9% annually to $665.9 million during the three-month period, with all three geographical segments registering growth. Analysts were looking for a slightly bigger number.

Check this space to read management/analysts’ comments on Pinterest’s Q2 2022 earnings

“We accelerated our investment in shopping and ecommerce this quarter, and I am thrilled by the dedication of our leaders and employees to continue to build a positive place on the Internet. Pinterest is uniquely positioned to tackle unsolved problems in our industry, capitalize on long-term digital commerce trends and help people go from inspiration to realization,” said Bill Ready, CEO of Pinterest.

Prior Performance

  • Pinterest Q1 2022 earnings infographic
  • Pinterest Q2 2021 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Next.e.GO Mobile has a unique, innovative production strategy: Chairman Ali Vezvaei

Next.e.GO Mobile SE is a manufacturer of electric vehicles for urban mobility, with a mission to provide convenient and cost-effective transportation solutions. Founded in Germany, Next.e.GO Mobile built its first

What to look for when Darden Restaurants (DRI) reports Q3 earnings

The American restaurant industry has almost returned to normal now, after months of disruption that made people stop eating out and choose home delivery. The companies are currently busy enhancing

Lennar Corp. (LEN): What is the homebuilder’s strategy in the current environment?

Shares of Lennar Corporation (NYSE: LEN) were down on Friday. The stock has gained 14% year-to-date and 12% over the past 12 months. The company delivered better-than-expected results for its

Add Comment
Viewing Highlight