![]() The FactSet consensus was for $594 million.Ĭhief Executive Bill Ready said in the earnings release that Pinterest was “taking meaningful steps towards expanding our ads business by opening up third-party ad demand on Pinterest, starting with Amazon as our first partner.”Ī UBS analyst pegged the addition of demand partners as a potential catalyst in a March upgrade of the stock. Revenue rose to $603 million from $575 million, with growth in each region. Pinterest also reported adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $27.0 million, down from $76.8 million a year before but ahead of the FactSet consensus, which was for breakeven performance. 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. ![]() SAN FRANCISCO- (BUSINESS WIRE)- Pinterest, Inc. The company recognized $121 million of restructuring charges in the quarter. Pinterest Announces Fourth Quarter and Full Year 2021 Results. The company reported a first-quarter net loss of $209 million, or 31 cents a share, whereas it recorded a loss of $5 million, or 1 cent a share, in the year-earlier period. Shares fell 13.5% in after-hours trading. ![]() Pinterest also anticipates that operating income will grow at a low-teens percentage basis sequentially. “While Q1 growth was marginally better than Q4, we still do not have visibility into an acceleration in demand,” Chief Financial Officer Todd Morgenfeld said on the earnings call, noting that “the ads market continues to be uncertain given the macroeconomic environment.”
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |