PINS Pinterest Inc

Q1 Revenue of $855 million, an increase of 16%, or 17% on a constant currency basis

Record 570 million global monthly active users, an increase of 10%

Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended March 31, 2025.

• Revenue was $855 million, growing 16% year over year. On a constant currency basis, revenue would have grown 17% year over year.
• Global Monthly Active Users ("MAUs") increased 10% year over year to 570 million.
• GAAP net income was $9 million and Adjusted EBITDA was $172 million.
• Net cash provided by operating activities was $364 million and free cash flow was $356 million.

“Our strong results in the first quarter demonstrate continued momentum in revenue, user growth and engagement,” said Bill Ready, CEO of Pinterest. “As the macroeconomic and digital ad landscape evolves, our strategy and consistent execution has made Pinterest more resilient than ever. The fundamentals in the business are strong and we’re continuing to see healthy growth. Our AI advancements are helping users take action and make more intentional shopping decisions. We’re driving performance for advertisers and winning market share, giving us a solid foundation for long-term, sustainable growth.”

Q1 2025 Financial Highlights

The following table summarizes our consolidated financial results (in thousands, except percentages, unaudited):

 

 

Three Months Ended March 31,

 

% Change

 

 

2025

 

 

 

2024

 

 

Revenue

 

$

854,988

 

 

$

739,983

 

 

16

%

Constant currency % growth(1)(2)

 

 

 

 

17

%

 

 

 

 

 

 

Net income (loss)

$

8,922

 

 

$

(24,812

)

 

NM

 

Net income (loss) margin

 

1

%

 

 

(3

)%

 

 

 

 

 

 

 

 

 

Non-GAAP net income(2)

$

159,562

 

 

$

119,846

 

 

33

%

 

 

 

 

 

 

Adjusted EBITDA(2)

$

171,649

 

 

$

126,089

 

 

36

%

Adjusted EBITDA margin(2)

 

20

%

 

 

17

%

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

$

363,706

 

 

$

356,146

 

 

2

%

Free cash flow(2)

$

356,417

 

 

$

344,033

 

 

4

%

 

 

 

 

 

 

 

_______________________ NM = not meaningful

(1)

On a constant currency basis, revenue for the three months ended March 31, 2025 was $865.1 million due to a $10.1 million unfavorable impact of changes in foreign exchange rates.

(2)

For more information on these non-GAAP financial measures, please see "―About non-GAAP financial measures" and the tables under "―Reconciliation of GAAP to non-GAAP financial results" included at the end of this release.

Q1 2025 Other Highlights

The following table sets forth our revenue, MAUs and average revenue per user (ARPU) based on the geographic location of our users (in millions, except ARPU and percentages, unaudited):

 

Three Months Ended March 31,

 

% Change

 

 

2025

 

 

2024

 

Revenue - Global

$

855

 

$

740

 

16

%

Revenue - U.S. and Canada

$

663

 

$

592

 

12

%

Revenue - Europe

$

147

 

$

118

 

24

%

Revenue - Rest of World

$

45

 

$

30

 

49

%

 

 

 

 

 

 

MAUs - Global

 

570

 

 

518

 

10

%

MAUs - U.S. and Canada

 

102

 

 

98

 

4

%

MAUs - Europe

 

148

 

 

140

 

5

%

MAUs - Rest of World

 

320

 

 

279

 

14

%

 

 

 

 

 

 

ARPU - Global

$

1.52

 

$

1.46

 

5

%

ARPU - U.S. and Canada

$

6.54

 

$

6.05

 

8

%

ARPU - Europe

$

1.00

 

$

0.86

 

17

%

ARPU - Rest of World

$

0.14

 

$

0.11

 

29

%

Guidance

For Q2 2025, we expect revenue to be in the range of $960 million to $980 million, representing 12% - 15% growth year over year. We expect Q2 2025 Adjusted EBITDA* to be in the range of $217 million to $237 million.

We intend to provide further details on our outlook during the conference call.

_____________

*We have not provided the forward-looking GAAP equivalent for forward-looking Adjusted EBITDA or a GAAP reconciliation as a result of the uncertainty regarding, and the potential variability of, reconciling items such as share-based compensation expense and income taxes. Accordingly, a reconciliation of these non-GAAP guidance metrics to their corresponding GAAP equivalents is not available without unreasonable effort. However, it is important to note that material changes to reconciling items could have a significant effect on future GAAP results and, as such, we also believe that any reconciliations provided would imply a degree of precision that could be confusing or misleading to investors.

Webcast and conference call information

A live audio webcast of our first quarter 2025 earnings release call will be available at investor.pinterestinc.com. The call begins today at 1:30 PM (PT) / 4:30 PM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures and slide presentation are also available. A recording of the webcast will be available at investor.pinterestinc.com for 90 days.

We have used, and intend to continue to use, our investor relations website at investor.pinterestinc.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial assumptions, risks and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and are often characterized by the use of words such as "believe," "estimate," "expect," "may," "will," "can," "could," "would," "might," "continue," "intend," "plan," "forecast," "target," "anticipate," "potential," "looking ahead," "long-term" or and similar expressions, or by discussions of strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other important factors that could cause our actual results, outcomes, performance or achievements, or industry results, to differ materially from historical results or any future results, outcomes, performance or achievements expressed, suggested or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, statements about: general economic uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, tariffs and related retaliatory actions and other trade protection measures, stress in the banking industry, foreign exchange fluctuations and supply-chain issues; the effect of general economic and political conditions; our financial performance, including revenue, cost and expenses and cash flows; our ability to attract, retain and recover users and maintain and grow their level of engagement; our ability to provide content that is useful and relevant to users' personal taste and interests; our ability to develop successful new products or improve existing ones; our ability to maintain and enhance our brand and reputation; potential harm caused by compromises in security, including our cybersecurity protections and resources and costs required to prevent, detect and remediate potential security breaches; potential harm caused by changes in online application stores or internet search engines' methodologies, particularly search engine optimization methodologies and policies; discontinuation, disruptions or outages in third-party single sign-on access; our ability to compete effectively in our industry; our ability to scale our business, including our monetization efforts; our ability to attract and retain advertisers and scale our revenue model; our ability to attract and retain creators and publishers that create relevant and engaging content; our ability to develop effective products and tools for advertisers, including measurement tools; our ability to expand and monetize our platform internationally; our ability to effectively manage the growth of our business; our ability to continue to use and develop artificial intelligence ("AI") as well as managing the challenges and risks posed by AI; our ability to successfully manage our flexible work model with a more distributed workforce; our ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce the long-term benefits we expect; fluctuations in our operating results; our ability to raise additional capital on favorable terms or at all; our ability to realize anticipated benefits from mergers and acquisitions, joint ventures, strategic partnerships and other investments; our ability to protect our intellectual property; our ability to receive, process, store, use and share data, and compliance with laws and regulations related to data privacy and content; current or potential litigation and regulatory actions involving us; our ability to comply with modified or new laws and regulations applying to our business, and potential harm to our business as a result of those laws and regulations; real or perceived inaccuracies in metrics related to our business; disruption of, degradation in or interference with our use of Amazon Web Services and our infrastructure; and our ability to attract and retain personnel. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, which is available on our investor relations website at investor.pinterestinc.com and on the SEC website at www.sec.gov. All information provided in this release and in the earnings materials is as of May 8, 2025. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

About non-GAAP financial measures

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we use the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative), non-GAAP income from operations, non-GAAP net income, non-GAAP net income per share, constant currency revenue and free cash flow. The presentation of these financial measures is not intended to be considered in isolation, as a substitute for or superior to the financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In addition, these measures may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparative purposes. We compensate for these limitations by providing specific information regarding GAAP amounts excluded from these non-GAAP financial measures.

We define Adjusted EBITDA as net income (loss) adjusted to exclude depreciation and amortization expense, share-based compensation expense, payroll tax expense related to share-based compensation, interest income (expense), net, other income (expense), net, provision for (benefit from) income taxes and certain other non-recurring or non-cash items impacting net income (loss) that we do not consider indicative of our ongoing business performance. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue. Non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative) and non-GAAP net income exclude amortization of acquired intangible assets, share-based compensation expense and payroll tax expense related to share-based compensation. In addition to these exclusions, we also subtract an assumed provision for income taxes to calculate non-GAAP net income. We calculate the non-GAAP income tax provision using a fixed long-term projected tax rate in order to provide better consistency across reporting periods. The fixed long-term projected tax rate uses a financial projection that excludes the direct impact of our non-GAAP adjustments and eliminates the effects of items that can vary in size and frequency. For 2024 and 2025, we used a long-term projected tax rate of 20%, which reflects currently available information, as well as other factors and assumptions. The non-GAAP tax rate could be subject to change for a variety of reasons, including significant changes in the geographic earnings mix or changes in tax laws and regulations. We re-evaluate this long-term rate on an annual basis or if any significant events that may materially affect this long-term rate occur. Non-GAAP income from operations is calculated by subtracting non-GAAP costs and expenses from revenue. Non-GAAP net income per share is calculated by dividing non-GAAP net income by diluted weighted-average shares outstanding. We calculate constant currency revenue by translating our current period revenue using the corresponding prior period’s monthly exchange rates for currencies other than the U.S. dollar. We define free cash flow as net cash provided by operating activities less purchases of property and equipment. Free cash flow is not intended to represent our residual cash flow available for discretionary expenditures. We use these non-GAAP financial measures to evaluate our operating results and for financial and operational decision-making purposes. We believe these measures help identify underlying trends in our business that could otherwise be masked by the effect of the income and expenses they exclude. We also believe these measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater transparency with respect to key metrics we use for financial and operational decision-making. We present these non-GAAP measures to assist potential investors in seeing our operating results through the eyes of management and because we believe these measures provide an additional tool for investors to use in comparing our operating results over multiple periods with other companies in our industry. There are a number of limitations related to the use of non-GAAP financial measures rather than the nearest GAAP equivalents. For example, Adjusted EBITDA excludes: (i) certain recurring, non-cash charges such as depreciation of fixed assets and amortization of acquired intangible assets, although these assets may have to be replaced in the future, and (ii) share-based compensation expense and payroll tax expense related to share-based compensation, which have been, and will continue to be for the foreseeable future, significant recurring expenses and an important part of our compensation strategy. In addition, constant currency revenue excludes the effect of changes in foreign currency exchange rates, which have an actual effect on our operating results, and free cash flow does not reflect our future contractual commitments arising from purchases of property and equipment.

For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the tables under "―Reconciliation of GAAP to non-GAAP financial results" included at the end of this release.

Limitation of key metrics and other data

The numbers for our key metrics, which include our MAUs and ARPU, are calculated using internal company data based on the activity of user accounts. We define an MAU as an authenticated Pinterest user who visits our website, opens our mobile application or interacts with Pinterest through one of our browser or site extensions, such as the Save button, at least once during the 30-day period ending on the date of measurement. The number of MAUs does not include Shuffles users unless they would otherwise qualify as MAUs. Unless otherwise indicated, we present MAUs based on the number of MAUs measured on the last day of the current period. We measure monetization of our platform through our ARPU metric. We define ARPU as our total revenue in a given geography during a period divided by the average of the number of MAUs in that geography during the period. We calculate average MAUs based on the average of the number of MAUs measured on the last day of the current period and the last day prior to the beginning of the current period. We calculate ARPU by geography based on our estimate of the geography in which revenue-generating activities occur. We use these metrics to assess the growth and health of the overall business and believe that MAUs and ARPU best reflect our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.

PINTEREST, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value)

(unaudited)

 

 

March 31,

 

December 31,

 

 

2025

 

 

 

2024

 

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

1,252,310

 

 

$

1,136,460

 

Marketable securities

 

1,362,913

 

 

 

1,376,409

 

Accounts receivable, net

 

709,994

 

 

 

893,403

 

Prepaid expenses and other current assets

 

77,041

 

 

 

78,435

 

Total current assets

 

3,402,258

 

 

 

3,484,707

 

Property and equipment, net

 

51,232

 

 

 

45,624

 

Operating lease right-of-use assets

 

79,475

 

 

 

85,867

 

Goodwill and intangible assets, net

 

110,228

 

 

 

110,103

 

Deferred tax assets

 

1,624,944

 

 

 

1,602,539

 

Other assets

 

14,559

 

 

 

13,820

 

Total assets

$

5,282,696

 

 

$

5,342,660

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

96,691

 

 

$

84,026

 

Accrued expenses and other current liabilities

 

307,708

 

 

 

314,107

 

Total current liabilities

 

404,399

 

 

 

398,133

 

Operating lease liabilities

 

143,956

 

 

 

151,364

 

Other liabilities

 

45,872

 

 

 

42,009

 

Total liabilities

 

594,227

 

 

 

591,506

 

Commitments and contingencies

 

 

 

Stockholders’ equity:

 

 

 

Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 593,694 and 593,462 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 82,494 and 82,471 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively

 

7

 

 

 

7

 

Additional paid-in capital

 

4,966,164

 

 

 

5,039,439

 

Accumulated other comprehensive income (loss)

 

1,538

 

 

 

(130

)

Accumulated deficit

 

(279,240

)

 

 

(288,162

)

Total stockholders’ equity

 

4,688,469

 

 

 

4,751,154

 

Total liabilities and stockholders’ equity

$

5,282,696

 

 

$

5,342,660

 

PINTEREST, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

 

Three Months Ended March 31,

 

 

2025

 

 

 

2024

 

Revenue

$

854,988

 

 

$

739,983

 

Costs and expenses:

 

 

 

Cost of revenue

 

199,270

 

 

 

181,091

 

Research and development

 

331,665

 

 

 

280,275

 

Sales and marketing

 

253,920

 

 

 

226,289

 

General and administrative

 

105,610

 

 

 

106,744

 

Total costs and expenses

 

890,465

 

 

 

794,399

 

Loss from operations

 

(35,477

)

 

 

(54,416

)

Interest income (expense), net

 

27,293

 

 

 

31,266

 

Other income (expense), net

 

4,519

 

 

 

(4,526

)

Loss before benefit from income taxes

 

(3,665

)

 

 

(27,676

)

Benefit from income taxes

 

(12,587

)

 

 

(2,864

)

Net income (loss)

$

8,922

 

 

$

(24,812

)

Net income (loss) per share:

 

 

 

Basic

$

0.01

 

 

$

(0.04

)

Diluted

$

0.01

 

 

$

(0.04

)

Weighted-average shares used in computing net income (loss) per share:

 

 

 

Basic

 

676,523

 

 

 

678,819

 

Diluted

689,358

 

 

678,819

 

PINTEREST, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

 

 

Three Months Ended March 31,

 

 

2025

 

 

 

2024

 

Operating activities

 

 

 

Net income (loss)

$

8,922

 

 

$

(24,812

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

 

 

 

Depreciation and amortization

 

5,848

 

 

 

4,861

 

Share-based compensation

 

187,426

 

 

 

162,473

 

Deferred income taxes

 

(22,074

)

 

 

330

 

Net amortization of investment premium and discount

 

(5,408

)

 

 

(6,788

)

Other

 

760

 

 

 

(2,690

)

Changes in assets and liabilities:

 

 

 

Accounts receivable

 

185,081

 

 

 

201,188

 

Prepaid expenses and other assets

 

961

 

 

 

(10,615

)

Operating lease right-of-use assets

 

7,222

 

 

 

8,727

 

Accounts payable

 

13,036

 

 

 

4,639

 

Accrued expenses and other liabilities

 

(10,402

)

 

 

29,728

 

Operating lease liabilities

 

(7,666

)

 

 

(10,895

)

Net cash provided by operating activities

 

363,706

 

 

 

356,146

 

Investing activities

 

 

 

Purchases of property and equipment

 

(7,289

)

 

 

(12,113

)

Purchases of marketable securities

 

(415,336

)

 

 

(336,522

)

Sales of marketable securities

 

2,350

 

 

 

2,999

 

Maturities of marketable securities

 

432,224

 

 

 

342,517

 

Net cash provided by (used in) investing activities

 

11,949

 

 

 

(3,119

)

Financing activities

 

 

 

Proceeds from exercise of stock options, net

 

8,053

 

 

 

16,756

 

Repurchases of Class A common stock

 

(175,000

)

 

 

—

 

Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards

 

(93,754

)

 

 

(99,708

)

Net cash used in financing activities

 

(260,701

)

 

 

(82,952

)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

 

902

 

 

 

(709

)

Net increase in cash, cash equivalents and restricted cash

 

115,856

 

 

 

269,366

 

Cash, cash equivalents and restricted cash, beginning of period

 

1,141,221

 

 

 

1,368,532

 

Cash, cash equivalents and restricted cash, end of period

$

1,257,077

 

$

1,637,898

 

PINTEREST, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS

(in thousands)

(unaudited)

 

 

Three Months Ended March 31,

 

 

2025

 

 

 

2024

 

Share-based compensation by function:

 

 

 

Cost of revenue

$

4,072

 

 

$

2,948

 

Research and development

 

119,482

 

 

 

102,355

 

Sales and marketing

 

30,331

 

 

 

24,989

 

General and administrative

 

33,541

 

 

 

32,181

 

Total share-based compensation

$

187,426

 

 

$

162,473

 

 

 

 

 

Payroll tax expense related to share-based compensation by function:

 

 

 

Cost of revenue

$

304

 

 

$

269

 

Research and development

 

9,592

 

 

 

9,015

 

Sales and marketing

 

2,214

 

 

 

2,069

 

General and administrative

 

1,742

 

 

 

1,818

 

Total payroll tax expense related to share-based compensation(1)

$

13,852

 

 

$

13,171

 

 

 

 

 

Amortization of acquired intangible assets by function:

 

 

 

Cost of revenue

$

1,508

 

 

$

1,508

 

Sales and marketing

 

135

 

 

 

135

 

General and administrative

 

197

 

 

 

197

 

Total amortization of acquired intangible assets

$

1,840

 

 

$

1,840

 

 

 

 

 

Reconciliation of total costs and expenses to non-GAAP costs and expenses:

 

 

 

Total costs and expenses

$

890,465

 

 

$

794,399

 

Share-based compensation

 

(187,426

)

 

 

(162,473

)

Payroll tax expense related to share-based compensation(1)

 

(13,852

)

 

 

(13,171

)

Amortization of acquired intangible assets

 

(1,840

)

 

 

(1,840

)

Total non-GAAP costs and expenses

$

687,347

 

 

$

616,915

 

 

 

 

 

Reconciliation of net income (loss) to Adjusted EBITDA:

 

 

 

Net income (loss)

$

8,922

 

 

$

(24,812

)

Depreciation and amortization

 

5,848

 

 

 

4,861

 

Share-based compensation

 

187,426

 

 

 

162,473

 

Payroll tax expense related to share-based compensation(1)

 

13,852

 

 

 

13,171

 

Interest (income) expense, net

 

(27,293

)

 

 

(31,266

)

Other (income) expense, net

 

(4,519

)

 

 

4,526

 

Benefit from income taxes

 

(12,587

)

 

 

(2,864

)

Adjusted EBITDA

$

171,649

 

 

$

126,089

 

PINTEREST, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS

(in thousands, except per share amounts)

(unaudited)

 

 

Three Months Ended March 31,

 

 

2025

 

 

 

2024

 

Reconciliation of net income (loss) to non-GAAP net income:

Net income (loss)

$

8,922

 

 

$

(24,812

)

Share-based compensation

 

187,426

 

 

 

162,473

 

Payroll tax expense related to share-based compensation(1)

 

13,852

 

 

 

13,171

 

Amortization of acquired intangible assets

 

1,840

 

 

 

1,840

 

Income tax effects and tax adjustments(2)

 

(52,478

)

 

 

(32,826

)

Non-GAAP net income

$

159,562

 

 

$

119,846

 

 

 

 

 

Basic weighted-average shares used in computing net income (loss) per share

 

676,523

 

 

 

678,819

 

Weighted-average dilutive securities(3)

 

12,835

 

 

 

22,758

 

Diluted weighted-average shares used in computing non-GAAP net income per share

 

689,358

 

 

 

701,577

 

Non-GAAP net income per share

$

0.23

 

 

$

0.17

 

 

 

 

 

Reconciliation of free cash flow:

Net cash provided by operating activities

$

363,706

 

 

$

356,146

 

Less:

 

 

 

Purchases of property and equipment

 

(7,289

)

 

 

(12,113

)

Free cash flow

$

356,417

 

 

$

344,033

 

_____________________________

(1)

We began excluding payroll tax expense related to share-based compensation from Adjusted EBITDA and non-GAAP net income in the fourth quarter of 2024 because these taxes are variable due to our stock price and other factors outside our control and therefore are not reflective of our ongoing business operations or the underlying trends in our business. Accordingly, although payroll tax expense related to share-based compensation is a cash expense that we will continue to incur in the future, we believe excluding this expense provides investors with a better understanding of the performance of our core business and serves as a tool for investors to use in comparing our core business operating results over multiple periods with other companies in our industry. Prior period amounts have been restated to conform to this presentation.

(2)

Includes the income tax effect of our non-GAAP adjustments using a long-term projected tax rate of 20% and other tax adjustments. Prior period amounts have been restated to conform to this presentation.

(3)

Gives effect to potential common stock instruments such as stock options, unvested restricted stock units and unvested restricted stock awards.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250508897072/en/

Press: Tessa Chen press@pinterest.com Investor relations: Andrew Somberg ir@pinterest.com