Pinterest (NYSE: PINS) reported Q2 EPS of $0.11, $0.07 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $666 million versus the consensus estimate of $671.41 million.

• Global Monthly Active Users (MAUs) decreased 5% year over year to 433 million.

Guidance:

Our current expectation is that Q3 2022 revenue will grow mid-single digits on a year-over-year percentage basis, which takes into account slightly greater foreign exchange headwinds than in Q2 2022. We expect our Q3 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter*.

For the full year, there is no change to our previous expense outlook of non-GAAP operating expense growth in the range of 35-40% year over year*.

We intend to provide further detail on our outlook during the conference call.

For earnings history and earnings-related data on Pinterest (PINS) click here.