Pinterest is set to release its first quarter 2019 earnings report after the bell on Thursday, its first report as a public company.Pinterest has gained traction with significant demographics but wants to expand its audience to further push revenue growth.
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company's initial public offering in New York, on Thursday, April 18, 2019.is set to release its first quarterly earnings report as a public company after markets close on Thursday.
The company has since begun making strides internationally, claiming "significant growth" in international MAUs over the past few years as it has focused on localizing content. Pinterest said in its IPO filing that it expects this demographic to continue to outpace U.S. user growth in the near term. Pinterest said it had 80 million monthly active users in the U.S. in the first quarter of 2018, growing to 82 million in the last quarter of the year. Internationally, Pinterest counted 160 million monthly active users in the first quarter of last year compared to 184 million in the last quarter.
Still, U.S. users remain a larger source of revenue for Pinterest, generating an average revenue per user of $1.59 in the first quarter of 2018 and growing to $3.16 by the last quarter. International ARPU was 5 cents in Q1 2018 and grew to 9 cents in Q4 2018. For Pinterest's first quarter of 2019, there were not enough analyst estimates to get a clear sense of expectations on MAU and ARPU growth.
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