Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here

Media

Pinterest, After Just Missing 2017 Revenue Target, Plans Sales Ramp-Up

Pinterest is likely to slightly fall short of its revenue projection for 2017, says a person briefed on the numbers. The company is expected to wait until 2019 to go public, giving it more time to accelerate growth and justify its $12.3 billion valuation, say people familiar with the situation.

Pinterest, which people use to bookmark and search through images, recorded around $310 million in revenue in the first three quarters of the year, according to the person briefed on the numbers. It expects to generate around $490 million in full-year revenue, or 64% above 2016. A report in March on Recode said Pinterest had projected more than $500 million in revenue for the year. A Pinterest spokesperson couldn't be reached for comment.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to dozens of events a year, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Media

How Evan Spiegel Fumbled Snap’s Redesign

By Tom Dotan

Facebook

Instagram Is the Real Virtual Reality, Not Oculus

By Sam Lessin

Entertainment

Why Snap Should Tap Apple or Tencent for Cash

By Tom Dotan

Entertainment

Snap Gaming Platform Coming This Fall

By Tom Dotan and Amir Efrati

Pinterest’s decision to hold off on an IPO shows how highly valued private tech companies have become even more cautious about going public.