Loading...
Docoh

Pinterest (PINS)

Pinterest is a visual discovery engine people use to find inspiration for their lives, including recipes, home and style ideas, travel destinations and more. People have saved more than 240 billion Pins across a range of interests, which others with similar tastes can discover through search and recommendations. Headquartered in San Francisco, Pinterest launched in 2010 and has hundreds of millions of monthly active users around the world.

Company profile

Ticker
PINS
Exchange
CEO
Benjamin Silbermann
Employees
Incorporated
Location
Fiscal year end
Former names
Cold Brew Labs Inc.
SEC CIK
Subsidiaries
Pinterest Europe Limited ...
IRS number
263607129

PINS stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

27 Apr 22
20 May 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.69B 1.69B 1.69B 1.69B 1.69B 1.69B
Cash burn (monthly) (no burn) (no burn) 1.38M (no burn) (no burn) (no burn)
Cash used (since last report) n/a n/a 2.29M n/a n/a n/a
Cash remaining n/a n/a 1.69B n/a n/a n/a
Runway (months of cash) n/a n/a 1220.0 n/a n/a n/a

Beta Read what these cash burn values mean

My notes
No notes yet
My annotations
No annotations yet

Community content

Community notes
No notes yet
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 May 22 Naveen Gavini Class A Common Stock Sell Dispose S No Yes 20.005 100 2K 529,551
12 May 22 Naveen Gavini Class A Common Stock Sell Dispose S No Yes 20 5,391 107.82K 529,651
26 Apr 22 Sharp Evan Common Stock Sell Dispose S No Yes 19.3292 57,525 1.11M 0
26 Apr 22 Sharp Evan Common Stock Conversion Acquire C No Yes 0 57,525 0 57,525
26 Apr 22 Sharp Evan Class B common stock Class A Common Stock Conversion Dispose C No Yes 0 57,525 0 1,265,490
21 Apr 22 Silbermann Benjamin Class A Common Stock Sell Dispose S No No 20.7289 40,800 845.74K 0
21 Apr 22 Silbermann Benjamin Class A Common Stock Sell Dispose S No No 20.2543 18,354 371.75K 40,800
21 Apr 22 Silbermann Benjamin Class A Common Stock Conversion Acquire C No No 0 59,154 0 59,154
21 Apr 22 Silbermann Benjamin Class B common stock Class A Common Stock Conversion Dispose C No No 0 59,154 0 1,642,250
21 Apr 22 Sharp Evan Common Stock Sell Dispose S No No 20.8724 27,400 571.9K 0
80.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 646 711 -9.1%
Opened positions 89 137 -35.0%
Closed positions 154 158 -2.5%
Increased positions 234 244 -4.1%
Reduced positions 220 234 -6.0%
13F shares Current Prev Q Change
Total value 12.48B 15.26B -18.2%
Total shares 461.56M 458.62M +0.6%
Total puts 33.94M 45.35M -25.2%
Total calls 35.56M 40.29M -11.7%
Total put/call ratio 1.0 1.1 -15.2%
Largest owners Shares Value Change
Vanguard 50.13M $1.23B +1.9%
Silbermann Benjamin 38.92M $0 0.0%
Flossbach Von Storch 31.38M $772.19M +15.5%
BLK Blackrock 29.35M $722.37M -5.3%
TROW T. Rowe Price 20.08M $494.1M -38.0%
Harris Associates L P 18.56M $456.73M +19142.5%
MCQEF Macquarie 12.95M $318.79M +30.7%
STT State Street 12.14M $298.86M +2.0%
Capital International Investors 11.83M $291.02M +33.1%
Renaissance Technologies 11.52M $283.4M +262.8%
Largest transactions Shares Bought/sold Change
MS Morgan Stanley 5.49M -24.28M -81.6%
Harris Associates L P 18.56M +18.46M +19142.5%
TROW T. Rowe Price 20.08M -12.28M -38.0%
Renaissance Technologies 11.52M +8.34M +262.8%
Norges Bank 0 -4.9M EXIT
DB Deutsche Bank AG - Registered Shares 9.93M +4.6M +86.3%
Allianz Asset Management GmbH 3.96M -4.41M -52.7%
Flossbach Von Storch 31.38M +4.21M +15.5%
Two Sigma Investments 4.49M +4.19M +1403.4%
Alliancebernstein 275.47K -3.95M -93.5%

Financial report summary

?
Competition
Quotient TechnologyRobloxLeafGlu MobileTwitterSnapVimeoNextdoor
Risks
  • We are in the early stages of our monetization efforts and there is no assurance we will be able to continue to scale our business for future growth.
  • Our ecosystem of Pinners and advertisers depends on our ability to attract, retain and engage our user base. If we fail to add new Pinners or retain or recover Pinners, or if Pinners engage less with us, our business, revenue and financial results could be harmed.
  • If we are not able to continue to provide content that is useful and relevant to Pinners’ personal taste and interests or fail to remove objectionable content or block objectionable practices by advertisers or third parties, user growth, retention or engagement could decline, which could result in the loss of advertisers and revenue.
  • If we are unable to compete effectively for users, our business, revenue and financial results could be harmed.
  • We may make decisions consistent with our mission and values that may reduce our short- or medium-term operating results.
  • If we are unable to attract and retain creators to create content on our platform, we may not be able to attract, retain or grow our users.
  • If we are unable to compete effectively for advertisers, our business, revenue and financial results could be harmed.
  • We may not be able to develop effective products and tools for advertisers.
  • We may not succeed in further expanding and monetizing our platform internationally and may be subject to increased international business and economic risks.
  • If we do not develop successful new products or improve existing ones, our business may suffer. We may also invest in new products that fail to attract or retain Pinners or generate revenue.
  • We cannot assure you that we will effectively manage the growth of our business.
  • We may acquire other businesses, talent or technology, which could require significant management attention, disrupt our business, dilute stockholder value and harm our business, revenue and financial results.
  • Risks relating to our Business Operations
  • The global COVID-19 pandemic has impacted and is expected to continue to impact our business and results of operations.
  • Our business depends on a strong brand and reputation, and if we are unable to maintain and enhance our brand and reputation, our ability to expand our user and advertiser base will be impaired and our business, revenue and financial results could be harmed.
  • If our security is compromised, or Pinners or advertisers believe our security has been compromised, we could lose the trust of Pinners, creators and advertisers who may use our service less or may stop using our service altogether, which could harm our business, revenue and financial results.
  • We generate substantially all of our revenue from advertising. The failure to attract new advertisers, the loss of advertisers or a reduction in how much they spend could harm our business, revenue and financial results.
  • Our ability to attract and retain advertisers depends on our ability to collect and use data and develop tools to enable us to effectively deliver and accurately measure advertisements on our platform.
  • Pinner metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics could harm our business, revenue and financial results.
  • Our business depends on our ability to maintain and scale our technology infrastructure, including speed and availability of our service.
  • The failure to attract and retain highly qualified personnel, or loss of one or more of our key personnel, could harm our business, revenue and financial results.
  • Risks arising from our reliance on third parties
  • We depend in part on online application stores and internet search engines to direct traffic and refer new Pinners to our service. When these online application stores or search engines’ methodologies and policies are modified or enforced in ways we do not anticipate, or when our search results page rankings decline for other reasons, traffic to our service or user growth, retention and engagement has declined and could decline in the future, any of which could harm our business, revenue and financial results.
  • We allow users to authenticate with our service through third-party login providers. If these third parties discontinue these tools or experience a breach or outage in their platform or web browser developers make changes that restrict the use of these tools, user retention, growth or engagement could decline, and our business, revenue and financial results could be harmed.
  • We depend on Amazon Web Services for the vast majority of our compute, storage, data transfer and other services. Any disruption of, degradation in or interference with our use of Amazon Web Services could negatively affect our operations and harm our business, revenue and financial results.
  • We must effectively operate with mobile operating systems, web browsers, online application stores, networks, regulations and standards, which we do not control. Changes in our products or to those mobile operating systems, web browsers, networks, regulations or standards may harm Pinner retention, growth and engagement.
  • We rely on software, technologies and related services from other parties, and problems in their use, access or performance could increase our costs and harm our business, revenue and financial results.
  • Technologies have been developed that can block the display of our ads, which could harm our business, revenue and financial results.
  • Risks relating to Legal and Regulatory Matters
  • We may be liable as a result of content or information that is published or made available on our service.
  • Action by governments to restrict access to our service or certain of our products in their countries could harm our business, revenue and financial results.
  • We receive, process, store, use and share data, some of which contains personal information, which subjects us to complex and evolving governmental regulation and other legal obligations related to data privacy, data protection and other matters, which are subject to change and uncertain interpretation.
  • We could become involved in legal disputes that are expensive to support, and if resolved adversely, could harm our business, revenue and financial results.
  • If we are unable to protect our intellectual property, the value of our brand and other intangible assets may be diminished, and our business, revenue and financial results could be harmed.
  • Our use of “open source” software could subject us to possible litigation or could prevent us from offering products that include open source software or require us to obtain licenses on unfavorable terms.
  • The interpretation and application of U.S. tax legislations or other changes in U.S. or non-U.S. taxation of our operations could harm our business, revenue and financial results.
  • Risks relating to our Financial Statements and Performance
  • We have a limited operating history with the current scale of our business, and, as a result, our past results may not be indicative of future operating performance.
  • We have incurred operating losses in the past, anticipate increasing our costs and operating expenses, may incur operating losses in the future and may not maintain profitability.
  • Our operating results are likely to fluctuate from quarter to quarter, which makes them difficult to predict.
  • If we are unable to obtain additional financing, if needed, or if we default on our credit obligations, our operations may be interrupted and our business, revenue and financial results could be harmed.
  • We may have greater than anticipated tax liabilities, which could harm our business, revenue and financial results.
  • Our ability to use or benefit from our net operating loss carryforwards and certain other tax attributes may be limited.
  • Our dual class structure may depress the trading price of our Class A common stock.
  • An active trading market for our Class A common stock may not be sustained.
  • The trading price of our Class A common stock has been and may continue to be volatile, and you could lose all or part of your investment.
  • Future offerings of debt or equity securities by us or existing stockholders may adversely affect the market price of our Class A common stock.
  • Additional stock issuances, including in connection with settlement of equity awards, could result in significant dilution to our stockholders.
  • Delaware law and provisions in our amended and restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the market price of our Class A common stock.
  • Our amended and restated certificate of incorporation designates a state or federal court located within the State of Delaware as the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers or employees.
  • The requirements of being a public company have and may continue to strain our resources, divert management’s attention and may result in more litigation.
  • We do not intend to pay dividends for the foreseeable future.
  • Adverse global economic and financial conditions could harm our business and financial condition.
  • Our financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
Management Discussion
  • (2)See “Non-GAAP Financial Measure” for more information and for a reconciliation of net loss, the most directly comparable financial measure calculated and presented in accordance with GAAP, to Adjusted EBITDA.
  • Revenue for the three months ended March 31, 2022 increased by $89.7 million compared to the three months ended March 31, 2021. Revenue growth was driven by a 28% increase in ARPU offset by a 9% decrease in MAUs. This resulted in a 2% increase in the price of advertisements served and a 16% increase in the number of advertisements served for the three months ended March 31, 2022 compared to the three months ended March 31, 2021.
  • Revenue based on our estimate of the geographic location of our users increased by 15% in U.S. and Canada to $470.0 million, Europe revenue increased by 27% to $87.4 million and Rest of World revenue increased by 152% to $17.5 million for the three months ended March 31, 2022 compared to the three months ended March 31, 2021.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore V good
New words: Acosta, air, Andrea, armed, Canada, climate, drought, educate, hearing, invasion, macro, medium, Meta, priority, ransomware, remittance, Rest, Russia, scarcity, separately, settle, shareholder, stipulation, Ukraine, unwind, warmer, water, weather
Removed: absence, adjusting, analyzing, authentication, background, begun, broadband, confirmed, Congressional, Council, counting, criteria, discretion, discriminating, dispose, Dow, draft, earliest, ecommerce, enacting, environment, ePrivacy, extended, financed, flagged, flow, FTSE, govern, hate, hour, impeding, inferred, interact, keyword, landing, manipulative, mitigate, monitoring, planned, practice, presence, preventative, proposal, putative, range, rating, regime, regionally, registered, repeal, repealed, restate, returning, Rule, Russell, speech, statement, supported, unfairly, unprecedented, unpredictable, Yandex