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  "documentTitle": "2025 Q4 Earnings Presentation",
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  "authorName": "Pinterest",
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  "notes": "The chart displays both absolute dollar values (bars) and percentage margins (line) for Adjusted EBITDA.",
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      "text": "Note: We define Adjusted EBITDA as net income (loss) adjusted to exclude depreciation and amortization expense, share-based compensation expense, payroll tax expense related to share-based compensation, interest income (expense), net, other income (expense), net, provision for (benefit from) income taxes and certain other non-recurring or non-cash items impacting net income (loss) that we do not consider indicative of our ongoing business performance. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by GAAP revenue. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the tables included in the Appendix at the end of this release.",
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      "text": "Adjusted EBITDA - Adjusted EBITDA Margin %",
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      "text": "Adjusted EBITDA: $1,270",
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