In this video, I will go over Pinterest‘s (NYSE: PINS) Q2 earnings report and talk about all the current and future product developments the company is working on.
The company reported Q2 revenue of $666 million, up 9% year over year (YOY). Global monthly active users (MAUs) decreased 5% YOY to 433 million.
U.S. and Canada revenue grew 7% to $542 million, Europe revenue grew 10% to $102 million, and revenue from the rest of the world grew 71% to $22 million.
The company expects that Q2 revenue will grow around mid-single-digits YOY.
U.S. and Canada MAUs decreased 8% to 92 million, Europe MAUs decreased 4% to 117 million, and MAUs from the rest of the world decreased 3% to 223 million.
Shopping ads revenue grew at double the rate of overall revenue year over year.
10% of watch time on Pinterest is spent watching video content.
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*Stock prices used were the closing prices of August 1, 2022. The video was published on August 2, 2022.
Neil Rozenbaum has positions in Pinterest. The Motley Fool has positions in and recommends Pinterest. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
