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Pinterest(PINS) - 2024 Q1 - Earnings Call Transcript
2024-05-01 07:27
财务数据和关键指标变化 - 2024年第一季度全球月活用户达到518万,同比增长12%,连续第七个季度加速增长 [12] - 2024年第一季度营收为7.4亿美元,同比增长23%,增速较上一季度加快11个百分点 [12][13] - 2024年第一季度调整后EBITDA为1.13亿美元,利润率为15%,同比提升约1100个基点 [13] 各条业务线数据和关键指标变化 - 广告展示量同比增长38%,主要由于总展示量和广告投放量的增加 [66] - 广告价格同比下降11%,较上一季度的16%下降有所改善,主要由于广告需求加速 [66] 各个市场数据和关键指标变化 - 美国和加拿大市场营收为5.92亿美元,同比增长22%,主要受零售和新兴行业如金融服务和科技的带动 [64] - 欧洲市场营收为1.18亿美元,同比增长27%,或25%的恒定汇率增长,主要受零售和消费品行业的带动 [65] - 其他国际市场营收为3000万美元,同比增长25%,或26%的恒定汇率增长 [65] 公司战略和发展方向及行业竞争 - 公司专注于提升用户体验,包括利用AI提升内容相关性和个性化、加强内容策展、提高内容可操作性等 [18][20][21][22][23][24][25][26][27][28][29][30][31] - 公司在广告方面持续创新,包括推出直接链接、API转化跟踪、自动化广告工具等,提升广告主的投资回报 [37][38][39][40][41][42][43][44][45][46][47][48][49][50] - 公司正在拓展第三方广告需求渠道,如与亚马逊和谷歌的合作,以补充自有广告需求 [51][52][53] - 公司在国际市场的拓展方面,采取了多管齐下的策略,包括自有销售团队、代理商合作、引入第三方需求等 [53][64][65] 管理层对经营环境和未来前景的评论 - 公司正处于一个更高增长阶段,多个战略举措都在按计划执行或超预期 [13][16][17] - 公司看好未来增长前景,认为仍有很大的机会继续提升用户规模和参与度、提高广告投放量和广告主投放效果 [14][15][16] - 管理层对公司的长期财务目标保持信心,认为公司有多种方式实现目标 [14][16][17] 问答环节重要的提问和回答 问题1 **Brian Nowak 提问** 第一季度业绩大幅超出预期,是否有特定领域表现尤其出色? [78] **William Ready 回答** 多个领域都表现出色,包括用户增长和参与度提升、广告主下游转化效果改善带来的广告收入加速等。这些都是公司战略举措的结果,各项举措都在按计划执行或超预期。[80] 问题2 **Eric Sheridan 提问** 未来几年公司需要重点投入的领域是什么?与行业其他大玩家相比,公司的竞争优势在哪里? [90] **William Ready 回答** 公司将持续投入AI技术以提升内容相关性和个性化,同时也会加强广告自动化工具的开发。公司拥有独特的用户信号和内容策展数据,这些都是其他平台所无法复制的,有助于公司在AI和广告创新方面保持竞争优势。[91][92][93] 问题3 **Ron Josey 提问** 公司如何看待广告主采用新工具和测量方法的可见度和进度? [98] **William Ready 回答** 广告主采用新工具和测量方法确实需要一定时间,公司看到更多价值捕获机会仍在未来。随着广告主逐步采用直接链接、API转化跟踪等工具,他们能够更好地衡量Pinterest的效果,并相应调整广告预算。公司将继续推动这些工具的采用,相信未来会有更多广告主转向Pinterest的性能预算。[100][101][102]
Pinterest (PINS) Q1 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-05-01 07:15
Pinterest (PINS) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.51 per share when it actually produced earnings of $0.53, delivering a surprise of 3.92%.Over the last ...
Pinterest (PINS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-05-01 07:01
Pinterest (PINS) reported $739.98 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 22.8%. EPS of $0.20 for the same period compares to $0.08 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $699.96 million, representing a surprise of +5.72%. The company delivered an EPS surprise of +42.86%, with the consensus EPS estimate being $0.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
Pinterest: Consumers Will Adopt Social Commerce If It's Easy
PYMNTS· 2024-05-01 06:57
As consumers seek more frictionless eCommerce experiences, Pinterest is seeing user demand for shoppable features, as long as the purchasing journey is simple and intuitive. The social media company shared Tuesday (April 30) in its first quarter fiscal 2024 earnings report that revenue was up 23% year over year in the period, attributing this increase to, among other things, investing in making the platform more shoppable. “We’ve made it easier and more seamless to shop content on Pinterest, a top priority ...
Pinterest(PINS) - 2024 Q1 - Earnings Call Presentation
2024-05-01 04:30
Q1 2024 Earnings Report For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the Appendix. 2 +22% US & Canada Y/Y Note: Revenue is geographically apportioned based on our estimate of the geographic location of our users when they perform a revenue-generating activity. Geographic breakdown may not sum to Global due to rounding; quarterly amounts may not sum to annual due to rounding. To supplement our condensed consolidated financial st ...
Pinterest shares soar 16% on earnings beat, strong revenue growth
CNBC· 2024-05-01 04:24
Shares of Pinterest popped 16% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021.Here's how the company did, compared to LSEG analyst expectations:Earnings per share: 20 cents adjusted vs. 13 cents expectedRevenue: $740 million vs. $700 million expectedRevenue for the quarter jumped 23% from $602.6 million a year earlier. Pinterest's net loss for the first quarter narrowed to $24.8 million, or a 4 cent ...
Pinterest(PINS) - 2024 Q1 - Quarterly Report
2024-05-01 04:17
财务表现 - 第一季度营收为7.4亿美元,同比增长23%[49] - 月活跃用户(MAUs)达到5.18亿,同比增长12%[49] - 股权补偿费用为1.625亿美元,同比增长19.4百万美元[49] - 营运亏损为5,440万美元[49] - 净亏损为2,480万美元[49] - 调整后的EBITDA为1.129亿美元[49] - 全球ARPU为1.46美元,较2023年同期增长10%[54] - 美国和加拿大地区ARPU为6.05美元,较2023年同期增长19%[54] - 欧洲地区ARPU为0.86美元,较2023年同期增长17%[54] 支出情况 - 研发支出在2024年第一季度增加至280,275千美元,同比增长5%[1] - 销售和营销支出在2024年第一季度增加至226,289千美元,同比增长13%[2] - 总部和行政支出在2024年第一季度减少至106,744千美元,同比减少49%[3] 其他财务信息 - 利息和其他收入(费用)净额在2024年第一季度增加至26,740千美元,同比增长6%[4] - 所得税减免在2024年第一季度减少至2,864千美元,同比减少71%[5] - 净亏损在2024年第一季度为24,812万美元,同比减少88%[6] - 调整后的EBITDA在2024年第一季度为112,918千美元,同比增长319%[7] 资产情况 - 截至2024年3月31日,现金、现金等价物和可市场交易证券总额为2,776.4亿美元[8] - 截至2024年3月31日,公司授权的股票回购计划中仍有100亿美元用于回购[9]
Pinterest(PINS) - 2024 Q1 - Quarterly Results
2024-05-01 04:09
Exhibit 99.1 Pinterest Announces First Quarter 2024 Results, Reports 23% Revenue Growth and More Than Half A Billion Monthly Active Users Q1 Revenue of $740 million, an increase of 23%, nearly doubling growth rate from prior quarter Record 518 million global monthly active users, an increase of 12% SAN FRANCISCO, Calif. - April 30, 2024 - Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended March 31, 2024. • Q1 revenue grew 23% year over year to $740 million. • Global Monthly ...
Will Top-Line Expansion Boost Pinterest's (PINS) Q1 Earnings?
Zacks Investment Research· 2024-04-26 01:45
Pinterest业绩报告 - Pinterest公司将于4月30日发布2024年第一季度业绩报告[1] - 预计公司将实现年度营收增长,受益于广告工具需求增长和用户平台参与度提升[2] - 公司在本季度推出了“P代表性能”活动,旨在吸引广告商提高在平台上的转化率[3] - Pinterest推出了与Tastemade合作的流媒体节目“美味娱乐”,并引入了“体型范围”工具,提供更个性化和相关的搜索结果[4]
Seeking Clues to Pinterest (PINS) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-04-25 22:20
Analysts on Wall Street project that Pinterest (PINS) will announce quarterly earnings of $0.14 per share in its forthcoming report, representing an increase of 75% year over year. Revenues are projected to reach $699.44 million, increasing 16.1% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a c ...