We think these investments will support long-term growth and continue to build the foundations for a scaled business over time. We also intend to grow our headcount further to fund our strategic initiatives. We plan to scale our native content ecosystem, and we expect research and development efforts to continue to focus on shopping, Pinner product, ad product and measurement investments. Our key strategic priorities for 2022 are anchored in creator-led and inspirational content, shopping, Pinner experience, and advertiser success. We intend to provide further detail on our outlook during the conference call. MAUs were approximately 86.6 million and global MAUs were approximately 436.8 million**. For the full year, we expect non-GAAP operating expenses to grow around 40% year-over-year as we ramp up our investments in our native content ecosystem, core Pinner experience, and headcount across research and development and sales and marketing*.Īs of February 1, 2021, U.S. We expect our non-GAAP operating expenses to grow around 10% quarter-over-quarter in Q1*. Our current expectation is that Q1 revenue will grow in the high teens percentage range year over year. The following table summarizes our consolidated financial results (in thousands, except percentages, unaudited): “As we look ahead to 2022, we plan to further invest in our business as we scale the distribution of Idea Pins through our creator-led content efforts and enhance our core Pinner experience and shopping to make Pinterest the destination for inspiration and action on the internet.” And, I’m proud to say that for the first time, we surpassed $2 billion in revenue for the year - growing 52% over the previous year - and reached our first full year of GAAP profitability,” said Ben Silbermann, CEO and co-founder, Pinterest. “We took important steps in 2021 with the launch of our foundational technology to deliver a video-first publishing platform. GAAP net income was $175 million for Q4, including a $49 million one-time share-based compensation charge related to our co-founder’s transition and a $25 million non-cash charitable contribution. Global Monthly Active Users (MAUs) decreased 6% year over year to 431 million. Q4 revenue grew 20% year over year to $847 million. (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2021. View source version on businesswire.SAN FRANCISCO-( BUSINESS WIRE)-Pinterest, Inc. Headquartered in San Francisco, Pinterest launched in 2010 and has 482 million monthly active users worldwide. Whether it’s planning an outfit, trying a new beauty ritual, renovating a home, or discovering a new recipe, Pinterest is the best place to confidently go from inspiration to action.

Pinterest is the visual inspiration platform where people come to search, save, and shop the best ideas in the world for all of life’s moments. Accordingly, investors should monitor the company’s Investor Relations website, in addition to following the company’s press releases, SEC filings, public conference calls, presentations and webcasts. Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. A replay of the webcast will be available through the same link following the conference call. ET) on the same day.Ī live webcast of the conference call and related earnings release materials can be accessed on Pinterest’s Investor Relations website at. The company will host its quarterly conference call to discuss these results at 1:30 p.m. (NYSE: PINS) will release financial results for the fourth quarter and full year 2023 on Thursday, February 8th, 2024 after market close. SAN FRANCISCO, January 22, 2024-( BUSINESS WIRE)-Pinterest, Inc.

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