Pinterest Q1 loss per share 2 centsChristian Fernsby ▼ |
Pinterest The company provided revenue guidance for its full-year 2019
Pinterest reported for its first quarter of 2019 loss per share: 32 cents, excluding certain items, vs. 11 cents, according to Refinitiv consensus estimates.
The company provided revenue guidance for its full-year 2019 of $1.06 billion to $1.08 billion. The low end of that forecast is below the $1.07 billion expected by analysts surveyed by FactSet. However, it would be the first time Pinterest generates at least $1 billion in revenue for a year.
Pinterest also said adjusted EBITDA for 2019 would be a loss between $45 million and $75 million. That was a much bigger loss than analysts expected on that basis, with the consensus estimate at a negative $27.2 million, according to FactSet.
Pinterest reported 291 million global monthly active users (MAUs) for the quarter, a 22% increase from the same period last year, when it had 239 million MAUs.
The company grew global average revenue per user (ARPU) 26% from the same period last year, up from 58 cents in Q1 of 2018 to 73 cents in Q1 of 2019.
Pinterest experienced the most growth in its international markets compared to the U.S. International revenue rose 114% from the same period last year, jumping from $7 million in Q1 of 2018 to $15 million in Q1 of 2019. By comparison, revenue in the U.S. rose 51% compared with last year’s quarter, up from $124 million to $187 million.
International MAUs saw significant growth, up from 160 million in Q1 of 2018 to 206 million in Q1 of 2019, a 29% increase. U.S. MAUs rose just 6% during that same timeframe to 85 million. ■
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