In this video, I will go over Pinterest's (PINS -1.31%) Q2 earnings report and talk about all the current and future product developments the company is working on. 

  • The company reported Q2 revenue of $666 million, up 9% year over year (YOY). Global monthly active users (MAUs) decreased 5% YOY to 433 million. 
  • U.S. and Canada revenue grew 7% to $542 million, Europe revenue grew 10% to $102 million, and revenue from the rest of the world grew 71% to $22 million.
  • The company expects that Q2 revenue will grow around mid-single-digits YOY.
  • U.S. and Canada MAUs decreased 8% to 92 million, Europe MAUs decreased 4% to 117 million, and MAUs from the rest of the world decreased 3% to 223 million.  
  • Shopping ads revenue grew at double the rate of overall revenue year over year.
  • 10% of watch time on Pinterest is spent watching video content.

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*Stock prices used were the closing prices of August 1, 2022. The video was published on August 2, 2022.