separately. Beginning world of saw revenue by revenue, provide around quarter, a the MAUs, share further we outlook user and or and this preliminary for the providing trends details on Canada, or first that Thanks additional presenting QX. in quarter the our Ben, Europe users disclosure our we’re active per some and average ARPU monthly U.S. I’ll our rest
a refer to for operations Please regions. presentation in part earnings new We additional breakouts. geographic become our international our business. detail more to the our those of provide meaningful As want
that Canada. this U.S. is historical Canada and part U.S. of versus little there the difference and alone change, the the note together. U.S. U.S. growth into As we for in sequential the re-categorize rates Please year-over-year and
We’re mature they two forward together regions relatively while share similar categorizing U.S. these and users base. revenue and a for Furthermore, advertiser both QX. recognized active they’re going because provided monthly we’ve ARPU
plan to Going Canada. these new forward, the combined and we only metrics for report U.S.
performance million, performance. financial I Most of shareholder $XX in you to of our year-over-year grew be in found our million XX%. to Adjusted with with wanted EBITDA to quarterly some Turning letter, details additional specific. on came line in margin $XXX EBITDA revenue the guidance. our but an adjusted QX XX% provide at can our with
and negatively Revenue a international we believe into XX% to as basis placement was the of business constant continued prior in growth more two Idea our similar impact Europe the quarter. year-over-year. been impacted our year-over-year. Pins, mid This quarter single-digits subject quarters. On a we first distribution our currency from the Europe to on becoming for this growth year-over-year first we’re percentage the basis, revenue As guidance fluctuations. factored was And currency have revenue approximately growth XX% has grown, would in
growth fourth expense year-over-year year-over-year to non-GAAP versus Turning operating the quarter our XX% quarter. accelerated the to in in expenses. We first XX%
than OpEx a items. bay slower few area anticipated, we sequentially, our in to pushing and non-GAAP However, particularly due off favorable other X% declined the creator-related hiring spend,
trends to engagement on to our the some double into on Before getting combat user headwinds. click quarter, specific strategy in I engagement want
mentioned, Ben more to sustainable As ways and retention. we’re at looking drive user acquisition
up to browsable Pinterest For immediately example, making sign site. the users without more when requiring land on we’re they
initially, signups a new this barriers believe While can removing modest browsing activations had sessions negative on user longer more we over time. impact for drive that global
experience can our the believe the U.S. Mobile mobile and relevant year-over-year Sequentially, feed, mid feel the and were MAUs in MAUs make native long in declining more QX personal trends, the also videos run. near investments account medium our And engagement the XX% on search impressions it’s that Canada can worth Pinterest and MAUs, and MAUs. core year-over-year that in mobile shopping year-over-year. digits app respect single creator-led We for versus investments majority in With to engagement U.S. curve Canada content down the to short of on bend which home flat. resilient, the form app relatively our our in term. Pinner also noting app revenue around our global for web-based were grew and significant in X% and
Our of year-over-year. younger Gen source strength also a growing Z were digits users single mid
is resilient Finally, of shopping growing year-over-year. Pinners and engagement the surfaces shopping remained relatively engaging with number
QX. Turning preliminary for outlook to our
we typically quarter a to three guidance, don’t earnings. snapshot in While for quarters, last MAUs we’ve the our date shared of provide MAU
began last our QX We’ve data quarter few headwind throughout year-over-year the MAUs We some the quarterly longer provided third pandemic restrictions. year-over-year seasonal Canada MAUs Lockdowns were when at XXXX more points in to believe to our lockdowns seasonal XX, pandemic continued MAUs is million because levels declines. will over typical unwind on XXXX which and lift the see as mid-March a April lifted visibility we pre-COVID XXX.X disrupted this engagement and for began lifting trends. of of normalize geos XXXX, were the and – quarter MAU in to COVID limited create in MAU intra toward geographies no Engagement that year. million. of As U.S. quarters global engagement patterns into XX
on an MAUs going intra we update forward. So don’t plan providing on quarter
like core to historically with in to more As our MAUs, provide that think has MAUs less QX tend our and people you outside I’d some given you weakest been often. for QX, context. seasonally more, quarter travel for cases about engage use additional be
in MAUs. happened algorithm potential end the Since on may a a algorithm XXXX, continue day which month XX calculate headwinds we of search the not as from as we change hard at quarter. the look well face headwinds of is one to growth from June engagement of months back updates of the of that search quarter June weaker the U.S., quarter on the future And are fourth from MAUs for MAUs our reminder, new predict year-over-year to a of finally, As predict. timing April in snapshot last based XX the each
side, revenue to basis XX% the a QX we note our takes QX into account percentage around considerations. that revenue Please grow revenue few on On year-over-year. a expect guide
XXXX. that with after year QX growing last First, a had we strong it’s particularly noting a of revenue worth week QX XXX%
by exacerbated how chain unclear Second, inflation persist. the supply these and conflict the issues macroenvironment challenging, long It’s Europe. in conditions remains will including
we media advertisers medium lower to pricing – has the dynamics user industry-wide of insights-based believe more base. users unique higher automated We CPAs. utilization our higher medium planning bidding makes budget advertisers and commercial for observed find buying who our Third, namely users our higher audience we trends our products. that our in continue recent unique, price will that small value pricing on and and our small that including and sized intent we drivers, of using of sized In subset that U.S. our impact what sensitive. positive mindset, our advertisers monitor a general, QX, are multiple value Pinterest platform, believe In platform
in investment single a likely building remain a our content digit revenue. Finally, ecosystem mid to native headwind will
be time. effort revenue this that believe accretive we will However, both engagement over and
Finally, on I expenses. to want touch
the development as second and and XX% could we Pinner expect QX beyond. but content of push to research some experience to non-GAAP plan into quarter-over-quarter at quarter core We lumpy native operating across the be to quarter-to-quarter. sales investments marketing, from and We headcount expenses scale timing grow our and our QX spend continue and and ecosystem, the
of campaign brand end to also year. and We start into QX towards QX push to marketing the plan this QX our
non-GAAP inspiration. initiatives. in grow our of recognizing environment, For come a under in range the competitive year-over-year. at to to to to spend advertising hiring plan to we up we benefits expenses for the Pinterest creators XX% And the full questions. growth for this in and Layering operating invest and and our that expecting that, is the of year, open QX our are we to people it can find our with partners, teams all Thanks XX% Pinterest, that some