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Press Release: Pinterest Announces Fourth Quarter -4-

· 02/04/2021 16:05
CONTACT: Investor relations:acquired intangible assets 252 384 1,013 1,495 Termination of future lease contract -- -- 89,500 -- -------- --------- ---------- ------------ Non-GAAP net income $294,312 $ 76,866 $ 283,210 $ 17,905 ======= ======== ========= =========== Non-GAAP net income $294,312 $ 76,866 $ 283,210 $ 17,905 Less: non-GAAP net income allocated to participating securities(1) -- -- -- (17,905) -------- --------- ---------- ------------ Non-GAAP net income attributable to common stockholders $294,312 $ 76,866 $ 283,210 $ -- ======= ======== ========= =========== Weighted-average shares used in computing net income (loss) per share attributable to common stockholders: Basic 618,214 562,396 596,264 420,473 ======== ========= ========== ============ Diluted 689,194 562,396 596,264 420,473 ======== ========= ========== ============ Net income (loss) per share attributable to common stockholders: Basic $ 0.34 $ (0.06) $ (0.22) $ (3.24) ======= ======== ========= =========== Diluted $ 0.30 $ (0.06) $ (0.22) $ (3.24) ======= ======== ========= =========== Basic weighted-average shares used in computing net income (loss) per share attributable to common stockholders 618,214 562,396 596,264 420,473 Weighted-average dilutive securities(2) 70,980 77,165 72,701 -- -------- --------- ---------- ------------ Diluted weighted-average shares used in computing non-GAAP net income per share 689,194 639,561 668,965 420,473 ======== ========= ========== ============ Non-GAAP net income per share $ 0.43 $ 0.12 $ 0.42 $ -- ======= ======== ========= =========== (1) Represents assumed noncumulative dividends on undistributed earnings that, if declared, would have been distributed to holders of our redeemable convertible preferred stock. (2) Gives effect to potential common stock instruments such as stock options, unvested restricted stock units and unvested restricted stock awards.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204006034/en/

Doug Clark

ir@pinterest.com

Media:

Mike Mayzel

press@pinterest.com

(END) Dow Jones Newswires

February 04, 2021 16:05 ET (21:05 GMT)