Pinterest, Inc.

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SKU: PINS Category:

Description

This is our first report on the visual discovery engine, Pinterest. The company has been in the news for a management change with CEO Ben Silberman will be replaced by Bill Ready, who joins Pinterest from Alphabet’s Google commerce division. The company has had a decent start to 2022 with an 18% year-over-year growth in revenues to $575 million. The company had 433 million global monthly active users, which is 9% fewer than in Q1 of last year when the pandemic sparked growth. The team also noticed a decrease in search traffic and increased users’ time spent on rival platforms. The management is taking several actions to enhance the Pinner experience and address engagement challenges head-on. Pinterest is implementing sophisticated machine learning into every aspect of its platform in the near future, significantly improving the usefulness of home feed recommendations, the standard of search results, and notification engagement. They also went on to acquire THE YES to browse a customized feed based on their active input on brand, style, and size. In addition, they have made some significant strides toward turning Pinterest into a shopping destination. To aid retailers and provide Pinners with up-to-the-minute details on the goods they see, they launched the Pinterest API for shopping. We initiate coverage on Pinterest with a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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