Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2021.
- Q4 revenue grew 20% year over year to $847 million.
- Global Monthly Active Users (MAUs) decreased 6% year over year to 431 million.
- GAAP net income was $175 million for Q4, including a $49 million one-time share-based compensation charge related to our co-founder’s transition and a $25 million non-cash charitable contribution. Adjusted EBITDA was $351 million for Q4.
“We took important steps in 2021 with the launch of our foundational technology to deliver a video-first publishing platform. And, I’m proud to say that for the first time, we surpassed $2 billion in revenue for the year — growing 52% over the previous year — and reached our first full year of GAAP profitability,” said Ben Silbermann, CEO and co-founder, Pinterest. “As we look ahead to 2022, we plan to further invest in our business as we scale the distribution of Idea Pins through our creator-led content efforts and enhance our core Pinner experience and shopping to make Pinterest the destination for inspiration and action on the internet.”