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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The company & nbsp;reported& nbsp; sales of $ 201.9 million in the first quarter, exceeding estimates estimated at $ 200.8 million. Excluding certain items, the loss of Pinterest is 32 cents per share, which is more than the loss of about 10 cents expected by Wall Street. "Data-reactid =" 23 "> The company reported revenue of $ 201.9 million in the first quarter The loss of Pinterest amounts to 32 cents per share, more than the loss of about 10 cents expected by Wall Street.
In the prior year quarter, Pinterest recorded a business turnover of $ 131.4 million and an adjusted net loss per share of 38 cents.
For the entire year, Pinterest said it expects a turnover of between $ 1.06 billion and $ 1.08 billion, down from 1, 09 billion expected.
Shares fell 17.17% to $ 25.56 each at 4:37 pm AND, falling below $ 26 per share for the first time since the end of April.
Active Users
The San Francisco, California-based company reported 291 million monthly active users for the first quarter, according to guidance provided by the company in its prospectus earlier this year. Since June, the number of Pinterest users has been steadily increasing since June, reaching a size comparable to that of other social media peers. Pinterest has left 2018 with 265 million active users per month.
Twitter posted 330 million active users per month in the first quarter, while Snap recorded 190 million daily (and did not split active users in the first quarter). However, Pinterest's ecosystem is still overtaken by Facebook, which had two months of active users in the north in the first quarter.
For the first quarter of the fiscal year, average revenue per active user was $ 2.25 per active user and 8 cents per international user. Like many social media companies, Pinterest leverages more revenue for every national user, thanks to a more mature digital advertising market. International sales represent less than 8% of Pinterest's total quarterly sales.
During the conference call on Thursday night, advertising was a key theme. Management said that video advertising in the first quarter had tripled compared to last year. Meanwhile, the company explained that it did not see concrete results in international advertising before 2020
"We do not disclose how many advertisers we have …[but] our growth rate has accelerated in the first quarter, "said CFO Todd Morgenfeld, at the call.
IPO Wars
As Thursday's results approach, optimistic growth prospects have enabled Pinterest to avoid the fate of some of the other consumer unicorns, or private companies valued at more than one billion of dollars. Uber and Lyft, the two largest unicorn IPOs, saw their prices drop, the enthusiasm sparked by their public offering having quickly faded.
The story of Pinterest's growth, however, was successful following its weaker than expected sales forecast for the year.
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The stock of Pinterest jumped 28% in its & nbsp;first day of trading in April,& nbsp; closing at $ 24.40 after setting his IPO at $ 19 each. In the weeks that followed, Pinterest shares continued to climb, closing above $ 30 each Thursday, a 62% gain since the price of its IPO. , Closing at $ 24.40 after setting his IPO at $ 19 each. In the weeks that followed, Pinterest shares continued to climb, closing above $ 30 each Thursday for a 62% gain since the price of its IPO.
Despite the start of the recovery, some analysts remained hectic about Pinterest and waited for the dust to settle further after its IPO.
"The only thing that makes us think is the multiple of the current 12×2020 earnings and the balance sheet of mobile advertising IPOs shortly after its initial publication," Barclays analyst Ross Sandler wrote. the expectation of results.
<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Heidi Chung contributed to this report."data-reactid =" 39 ">Heidi Chung contributed to this report.
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<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck"data-reactid =" 41 ">Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck
<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more about Emily:"data-reactid =" 42 ">Read more about Emily:
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