PINS just had another fantastic quarter, big beats on revenue and user growth:
https://seekingalpha.com/news/3658743-pinterest-eps-beats-0_…
Revenue up 76.5% y/y and global MAU’s up 37% y/y.
Dave
Long PINS
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Also…
.43 non-GAAP eps vs .12 non-GAAP eps prior year +258%
Dec revenue 705.6 mill vs Dec 19’ revenue 399.9 mill +76%
Q4 users 459 mill vs Q3 users 442 mill
Projecting Q1 +70% growth yoy
I know this is not a SaaS company but they are expanding and continue to have large growth.
Long PINS
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The story is they are now monetizing users. But that has really happened in the USA, not nearly as much in Rest of World. I assume that is coming and that makes the TAM even larger. Plus they have yet to monetize at anywhere close to the rates that some comparable companies have done.
Seems like the “new Pinterest” is still early in terms of addressing their market. And operating leverage is very, very strong. I will be looking to add to what is a top holding soon.
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Microsoft has approached Pintrest regarding a potential acquisition at a $51B valuation.
Pintrest has faced previous attempts from suitors over the past couple of years, and management has repeated re-iterated their conviction to remain independent.
Microsoft has also recently made an attempt to acquire a social media platform (Tik Tok) albeit unsuccessfully, after acquiring Linkedin for $26B in 2016.
Neither firms have made a public statement regarding the leakage of this news yet.
The original story was published in the Financial Times (behind paywall) but the news can be read in other outlets. https://www.ft.com/content/f88b8474-e791-4efb-a9f6-54c822268…
-RMTZP
Protect the identity of this board and maximize your learning by reading https://discussion.fool.com/monday-morning-rules-of-the-board-34… before participating.
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