Categories Earnings, Technology

Pinterest (PINS) beats Q4 revenue and earnings estimates

Pinterest Inc. (NYSE: PINS) topped revenue and earnings expectations for the fourth quarter of 2019, sending shares soaring over 14% in aftermarket hours on Thursday.  

Total revenues jumped 46% year-over-year to $400 million, beating estimates of $371 million.

GAAP net loss attributable to common shareholders was $35.7 million, or $0.06 per share. Adjusted net income rose 55% to $76.8 million. Adjusted EPS totaled $0.12, surpassing forecasts of $0.08.  

Pinterest quarterly monthly active user trend

CFO Todd Morgenfeld said, “We are pleased with the performance of our business in Q4 and the many milestones we achieved in 2019. We scaled the business to over $1 billion in annual revenue, grew to over 300 million monthly active users and opened 21 new international advertising markets. We look forward to the opportunities ahead of us as we continue to invest in the Pinner and advertiser experience.”

Revenue in the US increased 36% year-over-year to $350 million while international revenues jumped 202% to $50 million.

Also read: Pinterest Q4 2019 Earnings Preview

Global monthly active users (MAUs) grew 26% year-over-year to 335 million. MAUs in the US rose 8% to 88 million while international MAUs climbed 35% to 247 million.

Global average revenue per user (ARPU) increased 15% to $1.22. In the US, ARPU rose 26% to $4.00 while international ARPU was up 122% to $0.21.

For full year 2020, the company expects total revenue to be up to $1.52 billion. Adjusted EBITDA margin is expected to be flat to up slightly compared to the adjusted EBITDA margin of 1% achieved in 2019.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Earnings calendar for the week of January 25

Leading stock indices continued the recent rally this week, with S&P 500 and Dow Jones Industrial Average setting new records helped mainly by the tech sector. Also, the overall sentiment

COVID-related medical costs may weigh on UnitedHealth’s performance this year

The health insurance sector has been facing multiple challenges from the virus crisis, but market-leading healthcare firm UnitedHealth Group (NYSE: UNH) maintained stable financial performance as customers of its core

United Airlines (UAL): International travel expected to make quicker recovery than domestic

United Airlines Holdings Inc. (NYSE: UAL) had a tough time in 2020 and its CFO literally bid “good riddance” to the year on its quarterly conference call. The company reported

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top