Pinterest Q2 2019 Earnings Report

The Pinterest Q2 2019 earnings report details the company’s financial and operational performance, highlighting significant growth in both user engagement and revenue generation. The primary objective of the release is to provide stakeholders with a comprehensive view of the platform’s health through key metrics, including monthly active users (MAUs) and average revenue per user (ARPU), while reconciling non-GAAP financial measures with GAAP standards.

The data indicates strong global expansion, with total revenue reaching $257 million in Q2 2019, representing a 62% year-over-year increase. This growth was driven by a 55% rise in U.S. revenue and a substantial 199% surge in international revenue. User growth remained robust, with global MAUs climbing 30% year-over-year to 300 million. Monetization efforts also showed positive momentum, as global ARPU rose 29% to $1.06, supported by a 41% increase in U.S. ARPU and a 123% increase in international ARPU.

Operational expenses were managed alongside this growth, with non-GAAP costs and expenses totaling $293 million for the quarter. The company reported an adjusted EBITDA of negative $26 million, reflecting an adjusted EBITDA margin of negative 10%. The report emphasizes that these non-GAAP measures—which exclude share-based compensation and amortization—are utilized to assess business health, though the company acknowledges the inherent challenges in measuring usage across diverse global populations. The findings are based on internal company data as of August 1, 2019, and provide a snapshot of the company’s trajectory during the second quarter of the 2019 fiscal year.