PINTEREST INC

For the period ended Jun 30, 2024. Filed Jul 30, 2024.

About this filing

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.

Jun 30, 2024 · Filed Jul 30, 2024

PINS$18.95-0.6%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Statements of Operations

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

	Three Months Ended June 30,		Six Months EndedJune 30,
	2024	2023	2024	2023
Revenue	$853,680	$708,025	$1,593,663	$1,310,606
Costs and expenses:
Cost of revenue	184,856	168,740	365,947	339,666
Research and development	312,837	269,391	593,112	535,737
Sales and marketing	265,354	243,239	491,643	444,370
General and administrative	112,074	99,898	218,818	307,762
Total costs and expenses	875,121	781,268	1,669,520	1,627,535
Loss from operations	(21,441)	(73,243)	(75,857)	(316,929)
Interest income (expense), net	34,680	24,888	65,946	49,789
Other income (expense), net	(4,596)	2,180	(9,122)	2,502
Income (loss) before benefit from income taxes	8,643	(46,175)	(19,033)	(264,638)
Benefit from income taxes	(244)	(11,233)	(3,108)	(21,117)
Net income (loss)	$8,887	$(34,942)	$(15,925)	$(243,521)
Net income (loss) per share:
Basic	$0.01	$(0.05)	$(0.02)	$(0.36)
Diluted	$0.01	$(0.05)	$(0.02)	$(0.36)
Weighted-average shares used in computing net income (loss) per share:
Basic	683,171	674,280	680,995	677,696
Diluted	708,258	674,280	680,995	677,696

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.