Pinterest (PINS) Tops Q1 EPS by 7c
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Pinterest Announces First Quarter 2023 Results
April 27, 2023 4:06 PM EDTSAN FRANCISCO--(BUSINESS WIRE)-- Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended March 31, 2023.
Q1 revenue grew 5% year over year to $603 million. Global Monthly Active Users (MAUs) increased 7% year over year to 463 million. GAAP net loss was $209 million for Q1. Adjusted EBITDA was $27 million for Q1. Total costs and expenses were $846 million, including $121 million of restructuring charges. We repurchased 2.8 million shares of our Class... More