Core Insights - Pinterest, Inc. reported mixed fourth-quarter 2024 results, with adjusted earnings missing estimates while revenues exceeded expectations [1] Financial Performance - GAAP net income for Q4 2024 was $1.85 billion or $2.68 per share, a significant increase from $201.2 million or 29 cents per share in the prior-year quarter, driven by top-line growth and an income tax benefit [3] - Non-GAAP net income for Q4 2024 was $385.6 million or 56 cents per share, up from $370.7 million or 53 cents per share in the year-ago quarter, but missed the Zacks Consensus Estimate by 7 cents [3] - For the full year 2024, GAAP net income was $1.86 billion or $2.67 per share, compared to a loss of $35.6 million or a loss of 5 cents per share in 2023 [4] - Non-GAAP net income for 2024 was $901 million or $1.29 per share, up from $783.5 million or $1.13 per share in 2023 [4] Revenue Growth - Q4 2024 revenues rose to $1.15 billion from $981.3 million in the prior-year quarter, beating the Zacks Consensus Estimate of $1.14 billion [5] - For the full year 2024, revenues reached $3.65 billion, a 19% increase from $3.06 billion in 2023 [8] - Revenue from the United States and Canada was $900 million, up 16% year over year, while revenues from Europe totaled $196 million, up 21% [8][9] User Engagement - Global monthly active users (MAUs) increased by 11% year over year to 553 million, marking an all-time record [5] - MAUs from the United States and Canada were 101 million, up 4% year over year, while the Rest of World registered 307 million MAUs, up 15% [10] Advertising and Product Development - Pinterest launched the Pinterest Performance+ suite, integrating AI and automation to enhance advertising efficiency for global advertisers [6] - The introduction of lower funnel products, such as Mobile Deep Linking and Direct Links, is driving customer conversion and return on investment for advertisers [7] Cost Management and Cash Flow - Adjusted EBITDA for Q4 2024 was $470.9 million, up from $369.3 million in the prior-year quarter, reflecting disciplined expense management [12] - The company generated $964.6 million in cash from operating activities in 2024, compared to $613 million in 2023 [13] Outlook - For Q1 2025, Pinterest expects revenue in the range of $837-852 million, indicating 13-15% year-over-year growth, with adjusted EBITDA projected between $155-$170 million [14]

Core Insights - Pinterest's stock outperformed the market, rising over 18% following a strong earnings report that exceeded revenue growth expectations [1] User Growth and Monetization Progress - Pinterest's user base reached 553 million monthly active users in Q4, marking an 11% increase year-over-year and the highest total in the company's history [2] - Average revenue per user (ARPU) increased by 6% year-over-year, with notable growth among non-U.S. users [3] Monetization Gap - Approximately 82% of Pinterest users are located outside the U.S. and Canada, with significant differences in revenue generation; U.S. and Canadian users generated $9 in revenue, while European users generated $1.38, and users in the "rest of world" group generated $0.19 [4] - The ARPU for the "rest of world" group increased by 24% year-over-year, indicating potential for narrowing the monetization gap in the future [4] Strong Guidance - Pinterest's Q1 2025 revenue guidance is significantly stronger than expected, suggesting effective management in driving platform visits and creating advertising opportunities [5] - Continued execution of its strategy could lead to a successful year for Pinterest in 2025 [5]

Core Insights - Pinterest's financial report for Q4 2023 shows strong revenue growth and user engagement, despite a slight miss in adjusted earnings per share [3][5]. Financial Performance - Revenue for Q4 2023 was $981.3 million, increasing to $1.154 billion in Q4 2024, representing an 18% growth and beating expectations [2]. - Adjusted earnings per share rose from $0.53 to $0.56, marking a 6% increase, but this was below expectations [2]. - Monthly active users (MAUs) grew from 498 million to 553 million, an 11% increase, exceeding expectations [2][3]. - Average revenue per user (ARPU) increased from $2.00 to $2.12, a 6% rise [2]. Market Reaction - Following the earnings report, Pinterest's stock rose approximately 16% in after-hours trading, reflecting investor enthusiasm despite the earnings miss [6]. Monetization and User Growth - Monetization is particularly strong in international markets, which account for over 80% of Pinterest's user base. Revenue growth was 16% in the U.S. and Canada, 21% in Europe, and 44% in the rest of the world [4]. - The average user outside the U.S., Canada, and Europe generated 24% more revenue year-over-year [4]. - User growth is critical, as Pinterest's user base had previously declined post-COVID-19 reopening but has since rebounded [9]. Future Guidance - Pinterest's first-quarter guidance is optimistic, with expected revenue between $837 million and $852 million, surpassing analyst expectations of $832.77 million [5]. - Continued user growth and effective monetization, especially in international markets, will be essential for sustaining profits in 2025 [9].

Pinterest shares surged 19% after beating Wall Street's fourth-quarter sales estimates and showing robust user growth from a year ago.The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year growth.Along with the revenue beat, the company offered an upbeat sales outlook. Pinterest said its expects revenues between $837 million and $852 million during the first quarter, versus and LSEG estimate of ...

Pinterest listed the latest attacks on diversity, equity, and inclusion as a possible business risk in its latest 10-K filing. The company wrote in its filing to investors that if its efforts around DEI “are perceived as insufficient or overdone,” then it “may not be able to attract and retain talent” and that the company “may be subject to investigations, litigation, and other proceedings.”  “Our brand and reputation and stock price may be harmed,” the company continued. Pinterest did not immediately resp ...

Pinterest, Inc. (NYSE:PINS) Q4 2024 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Bill Ready - Chief Executive Officer Julia Donnelly - Chief Financial Officer Andrew Somberg - Vice President, Investor Relations, Treasury Conference Call Participants Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley John Blackledge - TD Securities Mark Kelly - Stifel Rich Greenfield - LightShed Partners Shweta Khajuria - Wolfe Research Ron Josey - Citigroup Jason Helfstein - Oppenheimer ...

For Pinterest CEO Bill Ready, 2024 was “transformative” because the company’s global monthly active users (MAUs) reached an all-time high of 553 million, an 11% increase year over year, and hit a major financial milestone in the fourth quarter, surpassing $1 billion in revenue for the first time. During the company’s fourth-quarter earnings call Thursday (Feb. 6), Ready said the platform drove deeper engagement through personalized experiences. Quarterly revenue rose 18%, to $1.15 billion, and full-year rev ...

Financial Performance - Pinterest reported revenue of $1.15 billion for the quarter ended December 2024, reflecting a 17.6% increase year-over-year [1] - The earnings per share (EPS) was $0.56, up from $0.53 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.14 billion by 1.37%, while the EPS fell short of the consensus estimate of $0.63 by 11.11% [1] Key Metrics - Monthly Active Users (MAUs) globally reached 553 million, surpassing the average estimate of 549 million [4] - Average Revenue Per User (ARPU) globally was $2.12, slightly above the estimated $2.08 [4] - Geographic revenue for Europe was $196 million, exceeding the estimate of $190.28 million, representing a 21% year-over-year increase [4] - Revenue from the Rest of World segment was $58 million, compared to the estimated $53.89 million, marking a 41.5% year-over-year change [4] - U.S. and Canada revenue was $900 million, above the estimate of $892.98 million, reflecting a 15.5% increase year-over-year [4] Stock Performance - Pinterest shares have returned +7.9% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Pinterest (PINS) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.34 per share when it actually produced earnings of $0.40, delivering a surprise of 17.65%.Over the la ...

Pinterest recorded its first billion-dollar quarter in Q4 2024, driven by strong revenue and user growth, despite missing earnings expectations.Pinterest (PINS 0.87%), the image-sharing social media platform, announced its earnings for Q4 2024 on February 6, 2025. The company reached an important milestone by recording its first billion-dollar quarter, with revenue reaching $1.154 billion, up 18% from the previous year. This result surpassed analyst expectations of $1.139 billion and even exceeded the highe ...