Pinterest (PINS) Tops Q4 EPS by 2c, Revenue Misses, Offers Guidance

Pinterest (NYSE: PINS) reported Q4 EPS of $0.53, $0.02 better than the analyst estimate of $0.51. Revenue for the quarter came in at $981.3 million versus the consensus estimate of $990.18 million.

GUIDANCE:

Pinterest sees Q1 2024 revenue of $690-705 million, versus the consensus of $702 million.

• For Q1 2024, we expect revenue to be in the range of $690 million to $705 million, representing 15-17% growth year over year. We expect Q1 2024 Non-GAAP operating expenses* to be in the range of $450 million to $465 million, representing 9-13% growth year over year. Please note that our operating expense guidance does not include cost of revenue.

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

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