We expect R&D efforts to continue to focus on Pinner product, ad product and measurement investments. We plan to continue investing in these this year. Our key strategic priorities for 2021 remain anchored in content, Pinner experience, advertiser success and shopping. We intend to provide further detail on our outlook during the conference call.
#Pins earning date drivers
The evolution of the COVID-19 pandemic and related restrictions remain unknown, and we are not providing guidance on Q3 2021 MAUs given our lack of visibility into certain key drivers of engagement. MAUs have declined approximately 7% and global MAUs have grown approximately 5% year over year *. We expect Q3 operating expenses will grow modestly quarter over quarter as we continue to ramp investments in our long-term strategic priorities, with plans to resume our brand marketing campaign in early Q4.Įngagement headwinds on Pinterest have continued in July. Our current expectation is that Q3 revenue will grow in the low-40% range year over year. We continue to navigate uncertainty given the ongoing COVID-19 pandemic and other factors. The following table sets forth our revenue, MAUs and average revenue per user ("ARPU") based on the geographic location of our users (in millions, except ARPU and percentages, unaudited):
* For more information on these non-GAAP financial measures, please see "―About non-GAAP financial measures" and the tables under "―Reconciliation of GAAP to non-GAAP financial results" included at the end of this release. The following table summarizes our consolidated financial results (in thousands, except percentages, unaudited): “While we navigate through pandemic impacts, Pinterest is focused on building for the long-term by transforming from a place to browse, save and organize to a community of inspiring people sharing their passions and expertise.” “Our second quarter results reflect both the strength of our business and the recent shift in consumer behavior we’ve seen as people spend less time at home,” said Ben Silbermann, CEO and co-founder, Pinterest. Global Monthly Active Users (MAUs) grew 9% year over year to 454 million. Q2 revenue grew 125% year over year to $613 million. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2021.
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