FMP
Feb 9, 2024 1:20 PM - Davit Kirakosyan
Shares of Pinterest (NYSE:PINS) experienced a significant drop, approximately 8%, pre-market today due to the company's fourth-quarter revenue falling below expectations and providing a cautious outlook for the March quarter.
In the fourth quarter of 2023, Pinterest reported an EPS of $0.53, which slightly exceeded the consensus prediction of $0.51. Nonetheless, its revenue of $981.3 million did not meet the anticipated $990.18 million.
Despite the shortfall in revenue, Pinterest saw better-than-expected growth in user numbers across all regions. In the U.S. and Canada, monthly active users reached 97 million, surpassing the estimate of 96.25 million. Europe's monthly active users stood at 135 million, outdoing the expected 129.79 million, and in the Rest of the World, the platform attracted 266 million users, exceeding the forecast of 260.88 million.
However, the average revenue per user (ARPU) was $2.00, which was slightly below the expected $2.08. The company also highlighted a strong adjusted EBITDA margin of 37%, which was above the analysts' prediction of 36.2%.
For the first quarter of 2024, Pinterest projects its revenue to range from $690 million to $705 million, with the midpoint falling below the analyst expectation of $702 million.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
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Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
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