Pinterest Q2 2022 earnings infographic


Image sharing platform Pinterest, Inc. (NYSE: PINS) Monday reported a decline in second-quarter adjusted earnings, despite an increase in revenues.

Second-quarter earnings, adjusted for one-off items, dropped to $0.11 per share from $0.25 per share a year earlier. On an unadjusted basis, it was a net loss of $43.1 million or $0.07 per share, compared to a profit of $69.4 million or $0.10 per share in the same period of 2021. The bottom line also missed the consensus forecast.

Meanwhile, revenues increased 9% annually to $665.9 million during the three-month period, with all three geographical segments registering growth. Analysts were looking for a slightly bigger number.


Check this space to read management/analysts’ comments on Pinterest’s Q2 2022 earnings


“We accelerated our investment in shopping and ecommerce this quarter, and I am thrilled by the dedication of our leaders and employees to continue to build a positive place on the Internet. Pinterest is uniquely positioned to tackle unsolved problems in our industry, capitalize on long-term digital commerce trends and help people go from inspiration to realization,” said Bill Ready, CEO of Pinterest.

Prior Performance



Image and article originally from news.alphastreet.com. Read the original article here.