As consumers seek more frictionless eCommerce experiences, Pinterest is seeing user demand for shoppable features, as long as the purchasing journey is simple and intuitive. The social media company shared Tuesday (April 30) in its first quarter fiscal 2024 earnings report that revenue was up 23% year over year in the period, attributing this increase to, among other things, investing in making the platform more shoppable. “We’ve made it easier and more seamless to shop content on Pinterest, a top priority ...

Q1 2024 Earnings Report For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the Appendix. 2 +22% US & Canada Y/Y Note: Revenue is geographically apportioned based on our estimate of the geographic location of our users when they perform a revenue-generating activity. Geographic breakdown may not sum to Global due to rounding; quarterly amounts may not sum to annual due to rounding. To supplement our condensed consolidated financial st ...

Shares of Pinterest popped 16% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021.Here's how the company did, compared to LSEG analyst expectations:Earnings per share: 20 cents adjusted vs. 13 cents expectedRevenue: $740 million vs. $700 million expectedRevenue for the quarter jumped 23% from $602.6 million a year earlier. Pinterest's net loss for the first quarter narrowed to $24.8 million, or a 4 cent ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-38872 Pinterest, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-3607129 (State ...

Exhibit 99.1 Pinterest Announces First Quarter 2024 Results, Reports 23% Revenue Growth and More Than Half A Billion Monthly Active Users Q1 Revenue of $740 million, an increase of 23%, nearly doubling growth rate from prior quarter Record 518 million global monthly active users, an increase of 12% SAN FRANCISCO, Calif. - April 30, 2024 - Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended March 31, 2024. • Q1 revenue grew 23% year over year to $740 million. • Global Monthly ...

Pinterest, Inc. (PINS) is scheduled to report first-quarter 2024 results on Apr 30, after the closing bell. The company pulled off a trailing four-quarter earnings surprise of 37.42%, on average. In the last reported quarter, it reported an earnings surprise of 3.92%.The company is expected to witness a top line expansion year over year, driven by growing demand for its comprehensive set of ad tools, increasing user engagement on the platform. Management’s initiative to increase shoppable content and effort ...

Analysts on Wall Street project that Pinterest (PINS) will announce quarterly earnings of $0.14 per share in its forthcoming report, representing an increase of 75% year over year. Revenues are projected to reach $699.44 million, increasing 16.1% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a c ...

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Pinterest (PINS) closed the most recent trading day at $32.40, moving -1.55% from the previous trading session. This change lagged the S&P 500's 0.88% loss on the day. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq lost 2.05%.The digital pinboard and shopping tool company's stock has dropped by 4.14% in the past month, falling short of the Computer and Technology sector's loss of 3.33% and the S&P 500's loss of 2.57%.Market participants will be closely following the financial results of Pinter ...

The latest trading session saw Pinterest (PINS) ending at $32.91, denoting a +0.43% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. At the same time, the Dow added 0.06%, and the tech-heavy Nasdaq lost 0.52%.Prior to today's trading, shares of the digital pinboard and shopping tool company had lost 4.43% over the past month. This has lagged the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1.66% in that time.Market ...