Pinterest, Inc. (NYSE:PINS) Q1 2019 Earnings Conference Call - Final Transcript

May 16, 2019 • 05:00 pm ET


Pinterest, Inc. (NYSE:PINS) Q1 2019 Earnings Conference Call - Final Transcript


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Good afternoon. My name is Sheryl and I will be your conference operator today. At this time, I would like to welcome everyone to the Pinterest First Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question-and-answer session. (Operator Instructions) Thank you. Jane Penner, Head of Investor Relations, you may begin your conference.

Jane Penner

Thank you, Sheryl. Good afternoon everyone and welcome to Pinterest first quarter 2019 earnings conference call. With us today are Ben Silbermann and Todd Morgenfeld.

Now, I'll quickly cover the Safe Harbor. Some of our statements that we might make today regarding our business performance and operations may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially. For more information, please refer to the risk factors discussed in our most recent Form 10-Q filed with the SEC.

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, which is distributed and available to the public through our Investor Relations website located at

And now, I will turn the call over to Ben.

Ben Silbermann

Thanks, Jane. And hi, everyone. Thanks for joining our very first earnings call. We want this to be the start of an open it helpful dialog, so we really appreciate your time and interest. And since this is our first call, we thought it would be helpful to just give some quick background on Pinterest and our journey here, then we'll briefly talk about some highlights from the quarter, and Todd will open it up for questions.

So, we launched Pinterest in 2010 with a simple idea, tell people, collect all the things they left across the Internet. We always thought the collections say a lot about, who you are, your interest in your aspirations for the future and we wanted to help people find, save and organize, all the things interested them online.

People [00:13:39] getting collecting everything from mid-century furniture they wanted to buy, to recipes they wanted to cook, to vintage motorcycles they dreamed about owning, and pretty early on, we also began noticing something more, the people weren't just using Pinterest to create collections, they also love browsing and getting new ideas in our platform. So, over the last nine years, we've expanded our mission into something more ambitious, tell people all over the world, get inspiration to plan their lives, and to help them make those plans a reality offline.

We come a pretty long way since 2010, as you can see in the shareholder letter we released today. There are now 290 million people using Pinterest every month all over the world. They created more than 4 billion named collections that we call Pin boards and more than 200 billion ideas have been saved to these boards, which pinners are bringing to life every day.