“On behalf of the entire company and Board of Directors, I’d like to thank Todd for his outstanding contributions to Pinterest over the past six-plus years,” said Bill Ready, CEO of Pinterest. Separately, Pinterest today announced that Todd Morgenfeld, Chief Financial Officer and Head of Business Operations, will transition from Pinterest to pursue new career opportunities on July 1, 2023. The program does not obligate Pinterest to repurchase any specific number of shares and may be modified, suspended or discontinued at any time. Under the stock repurchase program, Pinterest is authorized to repurchase, from time-to-time, shares of its Class A common stock through open market purchases, in privately negotiated transactions or in other such manner as permitted by securities law and as determined by management at such time and in such amounts as management may decide. Pinterest also announced that its board of directors has authorized a stock repurchase program of up to $500 million of its Class A common stock over the next 12 months. While the industry as a whole is facing headwinds, we are adapting quickly to a changing macro environment and are committed to creating a more positive online experience for our users and advertisers.” “We’re building upon this foundation by staying focused on growing monetization per user, integrating shopping throughout the core user experience, and increasingly driving operational rigor. “2022 was a solid year as we returned to MAU growth, deepened engagement and saw our personalization and relevance investments start to pay off,” said Bill Ready, Pinterest CEO. Pinterest also announced its board of directors' authorization to repurchase up to $500 million of its Class A common stock over the next 12 months.

Adjusted EBITDA was $196 million and $442 million for Q, respectively.

Global Monthly Active Users (MAUs) increased 4% year over year to 450 million. 2022 revenue increased 9% year over year to $2,803 million. Q4 revenue grew 4% year over year to $877 million. (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2022.

Pins earning date