00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Pinterest reported adjusted earnings of 67 cents per share on $1.32 billion in fourth quarter
00:08revenue, missing analyst estimates of 69 cents per share and $1.33 billion, according to Benzinga
00:15Pro. Revenue rose 14% year-over-year as global monthly active users increased 12% to 619 million.
00:23Average revenue per user was $2.16 globally and $9.41 in the US and Canada. Net cash from
00:31operations totaled $391 million and free cash flow reached $380 million. Cash and cash equivalents
00:39were approximately $969.34 million at quarter's end. CEO Bill Reddy said Pinterest reached record
00:47user levels with more than 80 billion monthly searches and continues to advance AI-powered
00:52visual search. Pinterest expects first quarter revenue of $951 million to $971 million versus
01:00estimates of $980.12 million and adjusted EBITDA of $166 million to $186 million. Shares fell
01:10by 2.88% at $18.54 in after hours trading on Thursday, according to Benzinga Pro.
01:17For all things money, visit Benzinga.com.
Comments