Pinterest (PINS) 8 Feb 242023 Q4 Earnings call transcript

Good afternoon, and thank you for joining today's Pinterest Fourth Quarter and Full Year 2023 Earnings Call. My name is Kate, and I will be the moderator for today's call. [Operator Instructions]

I would now like to pass the call over to your host, Neil Doshi, Head of Investor Relations at Pinterest.

You may proceed.

you us. thank and afternoon, for joining Good Welcome and XXXX. Full Earnings Call Fourth Quarter for the Year to Pinterest's ended December XX, am President Vice NeilAmil Relations I Pinterest. for of Investor Doshi,

Bill today Ready, our the me Joining call CFO. Pinterest and Julia on CEO; Donnelly, are

providing Relations to accompany a webcast to today's website conference at and our refer Please and presentation being release. presentation also investor.pinterestinc.com is webcast. slide earnings to are commentary, this We call our press Investor find

today regarding such Some performance, statements number of differ we make considered could and the outlook, materially. and looking, of that be to statements our may actual uncertainties that operations a results cause risks forward and involve

insurance for XXXX and In addition, are trends our and QX results, future of performance. not preliminary outlooks an beyond and are

available by these obligation statements as disclaim are us on we required information or any today, duty We unless law. based of them to and expressly update forward-looking to making

information our about uncertainties more quarterly factors refer our with XX-K other Form recent report report and most the please on and available website. XX-Q our Form results, For Investor on and annual filed could affect risks, SEC that Relations to

we GAAP financial A the earnings, available the press and website. of which distributed present this presentation, measures. are GAAP to will public most and Relations -- to non-GAAP included non-GAAP measures directly the in Investor today's During reconciliation to through comparable call, is both measures release our and

discussed specified. rates prepared growth considered otherwise all Lastly, unless should in today's remarks be year-over-year

now Bill. turn over call to And I'll the

strategic funnel on offerings earnings you our executed our call. further and and afternoon, fourth year Good well priorities, XXXX operational advertising quarter lower engagement, users team thank with and gaining our QX, delivering joining growing traction Neil. and efficiency. Thanks, against our for In full

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to Bill. I'll call over Now turn the

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from question line Eric Sheridan of with first Goldman will be The Instructions] the Sachs. [Operator

the analysts a response of remarks. and on have and prepared Can advertising conversations you brand detail heard QX I up advertising the because I of go of on you for and to saw the how the remainder the variety what back you direct weeks. you certain to into more health little cumulative comments more advertising geographic bit messages advertising go of X sets In investors and a think of sort some about broadly XXXX. budget environment into through in want generally just exposure and last over QX the

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question will Barclays. The next Sandler of Ross be the line with from

the Question on Google partnership.

Meta. Europe for and can is see U.S. guys big between gap ARPU about everybody as twice the Bill, as that So you

of is to difference the categories Google can brings you talk partnership and Google that have with So guess, Amazon the now? mix between right about, outside of retail I you going And improvement? the any or the those And ARPU in not? more in to Google table could of of use the allowed going are non-retail be your from you -- meaningful U.S. terms to categories that what

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a Day, we Investor to leverage Day, well partnerships us to opportunity talked we our think would meaningful At shared us as XP help Investor there. about how we other that's resellers for we as So as at advance and increase internationally. both that ARPU

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with from Anmuth line The JPMorgan. will Doug be of next question the

X. I have

about 'XX? curious about doubling on out? just spending. it then how Any any the trended is down any in year change profitability perhaps you're can to on I talked just advertiser for in you about And XQ? stand key talk color there . 'XX. in that levels really on You And exposure if China thinking priorities was momentum how and quickly

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line next question The Evercore. be will of Mark the Mahaney with from

the which of biggest there between of were those? QX you kind driving this way coming I quarter, different you the would like is you the but of acceleration than things Google if And about impact has a peel product a quantify, directionally, maybe core apart extra other which on the those to drivers the improvements contribution to acceleration, Amazon, the wanted the second, is maybe I like day And then, can't in? back in which outlook. those, How is peel triage the the ask to guess, third?

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with Josey The line next be question will of the Citigroup. from Ronald

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to larger you about advertisers You Pinterest from experimental. more performance retail to talked evolve budgets advertising, as just the allocating allocate

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Research. with from question of Street Dan The be the line New next Salmon will

So little maybe monthly could we user on quarter. dig bit your more a in accelerating active this growth

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X, Just if may, I real quickly.

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value I second, if Bill, talked the just capture us bit. could walk hope little please, this, And maybe you value versus about And then through about you a creation.

is quarter, in really the fourth Looking which at XX% impressive. plus impressions those

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Sebastian from Colin next with The line Baird. question of be the will

users well. are users users? those users A Or MAUs. new there monthly Are conversion maybe the that a saying to couple, maybe or are semiannual maybe who occasional just is of platform follow-up faster overall. to I quarterly the a on you seeing you guess, me Bill, as for

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we that, all is That today. closing questions some the the Bill call turn I will back final for time to with for have remarks. that over And

Thanks again to all look this going. call for of dialogue We questions. keeping for and to your you joining the forward

enjoy hope your we rest always, As of the you day.

disconnect your all you That today's lines. Thank for your call. concludes may now you participation, and