0001506293false00015062932024-02-082024-02-08


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________
FORM 8-K
________________________
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): February 08, 2024
_________________________
Pinterest, Inc.
(Exact Name of Registrant as Specified in its Charter) 
_________________________
Delaware001-3887226-3607129
(State or Other Jurisdiction
of Incorporation)		(Commission File Number)(IRS Employer
Identification No.)

651 Brannan Street
San Francisco, California 94107
(Address of principal executive offices, including zip code)

(415) 762-7100
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)
 _________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
 Title of each class
Trading Symbol
Name of each exchange on which registered
Class A Common Stock, $0.00001 par value PINS New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ((§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐  


Item 2.02. Results of Operations and Financial Condition.
On February 8, 2024, Pinterest, Inc. (the "Company") announced its financial results for the quarter and year ended December 31, 2023 by issuing a press release. In its press release, the Company also announced that it would be holding a conference call on February 8, 2024 to discuss its financial results for the quarter and year ended December 31, 2023 and outlook. The text of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The Company makes reference to non-GAAP financial information in the Company’s press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.
This information included in this Item 2.02 of this Current Report on Form 8-K and the exhibit hereto is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it been deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit NumberDescription
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PINTEREST, INC.
Date: February 8, 2024By:/s/ Julia Brau Donnelly
Julia Brau Donnelly
Chief Financial Officer
(Principal Financial Officer)



Exhibit 99.1
Pinterest Announces Fourth Quarter and Full Year 2023 Results, Delivers Record High Users and Robust Margin Expansion
Q4 Revenue of $981 million grew 12%, marking continued double-digit revenue growth in the second half of 2023
Global monthly active users reached an all-time high of 498 million
SAN FRANCISCO, Calif. - February 8, 2024 - Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2023.
•Q4 revenue grew 12% year over year to $981 million. 2023 revenue increased 9% year over year to $3,055 million.
•Global Monthly Active Users (MAUs) increased 11% year over year to 498 million.
•GAAP net income was $201 million for Q4. GAAP net loss was $36 million for 2023. Adjusted EBITDA was $365 million and $683 million for Q4 and 2023, respectively.
•Total costs and expenses were $785 million and $3,181 million for Q4 and 2023, respectively.
“We had a strong Q4, bookending a transformative year for Pinterest,” said Bill Ready, CEO of Pinterest. “2023 was our most productive year yet as we accelerated our product velocity and launched more solutions than ever before. Brands are responding by using our full suite of products to drive even better campaign performance. Pinterest is the rare business where the interests of users and advertisers are aligned. It’s proven to be true as we continue to post double-digit revenue growth and have achieved an all-time high for global MAU. The changes we made have set us up to be a stronger and more efficient company as we double down on our momentum in 2024.”
Q4 and Full Year 2023 Financial Highlights
The following table summarizes our consolidated financial results (in thousands, except percentages, unaudited):
OpenThree Months Ended December 31,% ChangeYear Ended December 31,% Change
2023202220232022
Revenue$981,262 $877,209 12 %$3,055,071 $2,802,574 9 %
Net income (loss)$201,178 $17,491 1,050 %$(35,610)$(96,047)63 %
Net income (loss) margin21 %2 %(1)%(3)%
Non-GAAP net income*$366,245 $203,109 80 %$759,382 $425,988 78 %
Adjusted EBITDA*$364,801 $195,785 86 %$683,463 $441,935 55 %
Adjusted EBITDA margin*37 %22 %22 %16 %
* 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.
1


Q4 and Full Year 2023 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 December 31,% ChangeYear Ended
December 31,		% Change
2023202220232022
Revenue - Global$981 $877 12 %$3,055 $2,803 9 %
Revenue - U.S. and Canada$779 $722 8 %$2,448 $2,309 6 %
Revenue - Europe$162 $123 32 %$483 $398 21 %
Revenue - Rest of World$41 $32 27 %$125 $95 31 %
MAUs - Global49845011 %498 450 11 %
MAUs - U.S. and Canada97952 %97 95 2 %
MAUs - Europe1351248 %135 124 8 %
MAUs - Rest of World26623115 %266 231 15 %
ARPU - Global$2.00 $1.96 2 %$6.44 $6.36 1 %
ARPU - U.S. and Canada$8.07 $7.60 6 %$25.52 $24.38 5 %
ARPU - Europe$1.23 $1.01 23 %$3.73 $3.23 15 %
ARPU - Rest of World$0.15 $0.14 11 %$0.50 $0.43 17 %

2


Guidance
For Q1 2024, we expect revenue to be in the range of $690 million to $705 million, representing 15-17% growth year over year. We expect Q1 2024 Non-GAAP operating expenses* to be in the range of $450 million to $465 million, representing 9-13% growth year over year. Please note that our operating expense guidance does not include cost of revenue.
We intend to provide further details on our outlook during the conference call.
_____________
*We have not provided the forward-looking GAAP equivalents for certain forward-looking non-GAAP operating expenses or a GAAP reconciliation as a result of the uncertainty regarding, and the potential variability of, reconciling items such as share-based compensation expense, which is impacted by, among other things, employee retention and decisions around future equity grants to employees. 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.


3


Webcast and conference call information
A live audio webcast of our fourth quarter and full year 2023 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 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 "believes," "estimates," "expects," "projects," "may," "will," "can," "intends," "plans," "targets," "forecasts," "anticipates," 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, performance or achievements, or industry results, to differ materially from historical results or any future results, 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, 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 lack of operating history and 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2023, 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 February 8, 2024. 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.
4


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 and constant currency revenue growth rates. 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, interest income (expense), net, other income (expense), net, provision for income taxes, restructuring charges and non-cash charitable contributions. 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, restructuring charges and non-cash charitable contributions. 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 use these measures to evaluate our operating results and for financial and operational decision-making purposes. We believe these non-GAAP financial 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 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 share-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense and an important part of our compensation strategy.
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.
5


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 a 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 do 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.
Contact
Press:
Tessa Chen
press@pinterest.com
Investor relations:
Neil Doshi
ir@pinterest.com


6


PINTEREST, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
(unaudited)
December 31,
20232022
ASSETS
Current assets:
Cash and cash equivalents $1,361,936 $1,611,063 
Marketable securities 1,149,148 1,087,164 
Accounts receivable, net of allowances of $10,635 and $12,672 as of December 31, 2023 and 2022, respectively
763,159 681,532 
Prepaid expenses and other current assets 64,316 74,918 
Total current assets 3,338,559 3,454,677 
Property and equipment, net 32,225 59,575 
Operating lease right-of-use assets92,119 206,253 
Goodwill and intangible assets, net117,462 124,822 
Other assets14,040 17,403 
Total assets $3,594,405 $3,862,730 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $79,058 $87,920 
Accrued expenses and other current liabilities 238,032 292,611 
Total current liabilities 317,090 380,531 
Operating lease liabilities160,616 178,694 
Other liabilities26,019 21,851 
Total liabilities 503,725 581,076 
Commitments and contingencies
Stockholders’ equity:
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 591,663 and 593,918 shares issued and outstanding as of December 31, 2023 and 2022, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 86,355 and 89,284 shares issued and outstanding as of December 31, 2023 and 2022, respectively
7 7 
Additional paid-in capital 5,241,954 5,407,724 
Accumulated other comprehensive loss (1,013)(11,419)
Accumulated deficit (2,150,268)(2,114,658)
Total stockholders’ equity 3,090,680 3,281,654 
Total liabilities and stockholders’ equity $3,594,405 $3,862,730 


7


PINTEREST, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended December 31,Year Ended December 31,
2023202220232022
Revenue$981,262 $877,209 $3,055,071 $2,802,574 
Costs and expenses:
Cost of revenue178,096 185,028 688,760 678,597 
Research and development267,981 265,240 1,068,416 948,980 
Sales and marketing240,867 317,270 911,166 933,133 
General and administrative98,068 103,803 512,407 343,541 
Total costs and expenses785,012 871,341 3,180,749 2,904,251 
Income (loss) from operations196,250 5,868 (125,678)(101,677)
Interest income (expense), net28,959 16,586 105,439 30,235 
Other income (expense), net5,893 6,320 3,799 (14,502)
Income (loss) before provision for income taxes231,102 28,774 (16,440)(85,944)
Provision for income taxes29,924 11,283 19,170 10,103 
Net income (loss)$201,178 $17,491 $(35,610)$(96,047)
Net income (loss) per share:
Basic$0.30 $0.03 $(0.05)$(0.14)
Diluted$0.29 $0.03 $(0.05)$(0.14)
Weighted-average shares used in computing net income (loss) per share:
Basic674,000 674,385 674,641 665,732 
Diluted695,031 696,932 674,641 665,732 
8


PINTEREST, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Year Ended December 31,
20232022
Operating activities
Net loss$(35,610)$(96,047)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 21,509 46,489 
Share-based compensation 647,860 497,123 
Non-cash charitable contributions
12,890 — 
Impairment and abandonment charges for leases and leasehold improvements117,315 — 
Amortization (accretion) of investment premiums discount(21,897)(638)
Other (2,438)(13,251)
Changes in assets and liabilities:
Accounts receivable (80,782)(28,856)
Prepaid expenses and other assets 18,102 (30,214)
Operating lease right-of-use assets55,324 56,024 
Accounts payable (9,261)70,777 
Accrued expenses and other liabilities (43,544)20,627 
Operating lease liabilities(66,507)(52,832)
Net cash provided by operating activities 612,961 469,202 
Investing activities
Purchases of property and equipment and intangible assets(8,063)(28,984)
Purchases of marketable securities (1,308,020)(1,028,480)
Sales of marketable securities 35,850 7,417 
Maturities of marketable securities 1,243,240 1,007,861 
Acquisition of business, net of cash acquired— (86,059)
Net cash used in investing activities (36,993)(128,245)
Financing activities
Proceeds from exercise of stock options, net
8,256 12,882 
Repurchases of Class A common stock(500,000)— 
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards(335,019)(161,809)
Net cash used in financing activities (826,763)(148,927)
Effect of exchange rate changes on cash, cash equivalents and restricted cash1,667 (1,434)
Net increase (decrease) in cash, cash equivalents and restricted cash(249,128)190,596 
Cash, cash equivalents and restricted cash, beginning of period1,617,660 1,427,064 
Cash, cash equivalents and restricted cash, end of period$1,368,532 $1,617,660 
Supplemental cash flow information
Cash paid for income taxes, net$19,173 $10,008 
Non-cash investing and financing activities:
Operating lease right-of-use assets obtained in exchange for operating lease liabilities$32,784 $31,515 
9


Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets
Cash and cash equivalents$1,361,936 $1,611,063 
Restricted cash included in prepaid expenses and other current assets2,542 1,067 
Restricted cash included in other assets4,054 5,530 
Total cash, cash equivalents and restricted cash$1,368,532 $1,617,660 
10


PINTEREST, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS
(in thousands)
(unaudited)
Three Months Ended December 31,Year Ended December 31,
2023202220232022
Share-based compensation by function:
Cost of revenue$3,079 $2,829 $11,117 $7,629 
Research and development107,240 100,166 422,964 324,161 
Sales and marketing25,354 45,903 96,798 99,467 
General and administrative27,554 21,414 116,981 65,866 
Total share-based compensation$163,227 $170,312 $647,860 $497,123 
Amortization of acquired intangible assets by function:
Cost of revenue$1,508 $4,974 $6,031 $8,583 
Sales and marketing135 10,135 540 15,540 
General and administrative197 197 789 789 
Total amortization of acquired intangible assets$1,840 $15,306 $7,360 $24,912 
Restructuring charges by function:
Research and development$— $— $4,696 $— 
Sales and marketing— — 2,749 — 
General and administrative— — 119,437 — 
Total restructuring charges$— $— $126,882 $— 
Reconciliation of total costs and expenses to non-GAAP costs and expenses:
Total costs and expenses$785,012 $871,341 $3,180,749 $2,904,251 
Share-based compensation(163,227)(170,312)(647,860)(497,123)
Amortization of acquired intangible assets
(1,840)(15,306)(7,360)(24,912)
Non-cash charitable contributions— — (12,890)— 
Restructuring charges— — (126,882)— 
Total non-GAAP costs and expenses$619,945 $685,723 $2,385,757 $2,382,216 
Reconciliation of net income (loss) to Adjusted EBITDA:
Net income (loss)$201,178 $17,491 $(35,610)$(96,047)
Depreciation and amortization
5,324 19,605 21,509 46,489 
Share-based compensation163,227 170,312 647,860 497,123 
Interest (income) expense, net
(28,959)(16,586)(105,439)(30,235)
Other (income) expense, net
(5,893)(6,320)(3,799)14,502 
Provision for income taxes
29,924 11,283 19,170 10,103 
Restructuring charges— — 126,882 — 
Non-cash charitable contributions— — 12,890 — 
Adjusted EBITDA
$364,801 $195,785 $683,463 $441,935 


11



PINTEREST, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended December 31,Year Ended December 31,
2023202220232022
Reconciliation of net income (loss) to non-GAAP net income:
Net income (loss)$201,178 $17,491 $(35,610)$(96,047)
Share-based compensation163,227 170,312 647,860 497,123 
Amortization of acquired intangible assets1,840 15,306 7,360 24,912 
Restructuring charges— — 126,882 — 
Non-cash charitable contributions— — 12,890 — 
Non-GAAP net income$366,245 $203,109 $759,382 $425,988 
Basic weighted-average shares used in computing net income (loss) per share
674,000 674,385 674,641 665,732 
Weighted-average dilutive securities(1)
21,031 22,547 18,927 25,200 
Diluted weighted-average shares used in computing non-GAAP net income per share
695,031 696,932 693,568 690,932 
Non-GAAP net income per share
$0.53 $0.29 $1.09 $0.62 
(1)Gives effect to potential common stock instruments such as stock options, unvested restricted stock units and unvested restricted stock awards.
12

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Cover Page
Feb. 08, 2024
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Entity Central Index Key 0001506293
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Document Type 8-K
Document Period End Date Feb. 08, 2024
Entity Registrant Name Pinterest, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-38872
Entity Tax Identification Number 26-3607129
Entity Address, Address Line One 651 Brannan Street
Entity Address, City or Town San Francisco
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94107
City Area Code 415
Local Phone Number 762-7100
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Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock, $0.00001 par value
Trading Symbol PINS
Security Exchange Name NYSE
Entity Emerging Growth Company false
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