Pinterest (NYSE: PINS) has released its Q4 2024 earnings report, showcasing significant revenue growth and positive projections for the upcoming quarter. The company reported total revenue of $1.11 billion for the quarter, an increase of 16% compared to Q4 2023. This growth was primarily driven by a surge in user engagement and the expansion of Pinterest’s advertising capabilities. Pinterest’s monthly active users stood at 482 million, reflecting a 7% increase year-over-year. The earnings report also highlighted that revenue from the U.S. totaled $944 million, accounting for 85% of overall earnings. The company’s CEO, Bill Ready, stated, “This quarter has demonstrated our commitment to delivering value to our partners through innovative ad solutions and enhanced user experiences.” Looking into Q1 2025, Pinterest expects revenues to exceed estimates, projecting between $1.05 billion and $1.10 billion, surpassing Wall Street’s forecast of $1.03 billion. This forecast aligns with the growing optimism surrounding digital ad spending as brands increasingly leverage social media platforms for their marketing strategies. The stock saw a noticeable uptick of 12% in after-hours trading following the earnings announcement, signaling strong investor confidence. Pinterest’s initiatives to revamp its platform are believed to play a crucial role in driving user growth and engagement, with the company focusing on improving search features and enhancing personalization for its users.
Pinterest Reports Q4 2024 Earnings with Strong Revenue Projections
