- General
- March 23, 2019
- 4 minutes read
Pinterest Booked $760 Million Revenue Last Year
GIF: Pinterest IPO contender Pinterest has officially made its S-1 filing for an IPO, revealing some details not previously known…
GIF: Pinterest |
IPO contender Pinterest has officially made its S-1 filing for an IPO, revealing some details not previously known about the company. According to its IPO prospectus, It booked $755.9 million in 2018 revenue amid a net loss of $63 million, compared to $472 million revenue and a $130 million loss in 2017 and $299 million in revenue and a $182 million loss in 2016.
This stats indicates increasing revenue at over 50% yearly and decreasing net losses over the same period. Other notable stats revealed by Pinterest include:
- 250 million monthly active users (as of December 31, 2018)
- 4 billion total boards created (as of December 31, 2018)
- 2 billion+ monthly searches on its service
- 175 billion total pins saved (as of December 31, 2018)
image: Pinterest |
The filing also revealed the company’s executive pay, indicating CEO Ben Silbermann earned a base salary of $197,100 while CFO Todd Morgenfeld earned a base salary of $360,500 with stock awards worth some $22,028,696. Goldman Sachs and J.P. Morgan are the lead underwriters for Pinterest’s IPO.