PINTEREST INC
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
PINS$18.95-0.6%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $739,983 | $602,581 |
| Costs and expenses: | ||
| Cost of revenue | 181,091 | 170,926 |
| Research and development | 280,275 | 266,346 |
| Sales and marketing | 226,289 | 201,131 |
| General and administrative | 106,744 | 207,864 |
| Total costs and expenses | 794,399 | 846,267 |
| Loss from operations | (54,416) | (243,686) |
| Interest income (expense), net | 31,266 | 24,901 |
| Other income (expense), net | (4,526) | 322 |
| Loss before benefit from income taxes | (27,676) | (218,463) |
| Benefit from income taxes | (2,864) | (9,884) |
| Net loss | $(24,812) | $(208,579) |
| Net loss per share, basic and diluted | $(0.04) | $(0.31) |
| Weighted-average shares used in computing net loss per share, basic and diluted | 678,819 | 681,140 |
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