GAAP net loss was $41.4 million, or $0.33 per share, compared to $52.7 million, or $0.42 per share, in the prior-year period. Adjusted net loss was $40.3 million, or $0.32 per share.
CFO Todd Morgenfeld said, “We were particularly
encouraged by the strength we saw in U.S. revenue and international user
growth. Our strong revenue performance allowed us to expand net margin by 20
percentage points year-over-year, reflecting our continued prioritization and
disciplined execution across our strategic priorities.”
During the quarter, revenue grew 51% to $187 million in the US while international revenues more than doubled to $15 million versus the year-ago period.
Related: Pinterest Q1 2019 Earnings Conference Call Transcript
Total monthly active users (MAUs) increased 22% year-over-year to 291 million. The number of users in the US grew 6% to 85 million while the number of international users jumped 29% to 206 million.
Average revenue per user (ARPU) increased 26% to $0.73 worldwide. The majority of revenue came from the US with ARPU increasing 41% to $2.25. International ARPU grew 59% to $0.08.
For the full year of 2019, total revenue is expected to be $1.05 billion to $1.08 billion.
This is the company’s first earnings announcement since its IPO
last month.
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