Pinterest, Inc. (NYSE:PINS) Q3 2023 Earnings Conference Call October 30, 2023 4:30 PM ET

Company Participants

Neil Doshi - Head of IR

William Ready - CEO

Julia Donnelly - CFO

Conference Call Participants

Eric Sheridan - Goldman Sachs

Ross Sandler - Barclays

Lloyd Walmsley - UBS

Richard Greenfield - LightShed Partners

Brian Nowak - Morgan Stanley

Mark Mahaney - Evercore

Douglas Anmuth - JPMorgan

Ronald Josey - Citi

Colin Sebastian - Baird

Mark Kelley - Stifel

Tom Champion - Piper Sandler

Operator

Good afternoon. Thank you for attending today's Pinterest Third Quarter 2023 Earnings Conference Call. My name is Hannah, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call, with an opportunity for questions-and-answers at the end. [Operator Instructions]

I would now like to pass the conference over to our host, Neil Doshi, Head of Investor Relations. You may go ahead.

Neil Doshi

Good afternoon, and thank you for joining us. Welcome to Pinterest's earnings call for the third quarter ended September 30, 2023. I'm Neil Doshi, Head of Investor Relations for Pinterest. Joining me today on the call are Bill Ready, Pinterest's CEO; and Julia Donnelly, our CFO.

Now I'll cover the safe harbor. Some of the statements that we make today regarding our performance, operations and outlook may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. In addition, our results, trends and outlook for Q4 2023 and beyond are preliminary and are not an assurance of future performance.

We are making these forward-looking statements based on information available to us as of today, and we disclaim any duty to update them later unless required by law. For more information, please refer to the risk factors discussed in our most recent Forms 10-Q or 10-K filed with the SEC and available on our Investor Relations website.

During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release and presentation, which are distributed and available to the public through our Investor Relations website located at investor.pinterestinc.com. Lastly, all growth rates discussed in today's prepared remarks should be considered year-over-year unless otherwise specified.

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

William Ready

Thanks, Neil, and thank you all for joining our third quarter 2023 earnings call. We made great progress in Q3, as we accelerated our revenue growth and strengthened our fundamentals. Our efforts in deepening engagement and growing monetization are yielding results. We ended the quarter with 482 million monthly active users, up 8% to an all-time high exceeding our peak users from the pandemic period surge by refocusing on Pinterest's unique differentiators as a visual search, discovery and shopping platform.