Core Insights - Pinterest's shares surged by up to 20% following the release of its fourth-quarter earnings, which exceeded revenue expectations [1] - The company reported an adjusted earnings per share of $0.56, influenced by a deferred tax benefit of $1.6 billion [1][2] - Revenue for the fourth quarter increased by 18% year-over-year, reaching $1.85 billion, which included the deferred tax benefit [2] - Pinterest's adjusted EBITDA margin for the fourth quarter was 41%, surpassing Wall Street's projection of 39% [2] - The company anticipates first-quarter sales between $837 million and $852 million, with the midpoint of $844.5 million exceeding analysts' expectations of $833 million [2] - Global monthly active users grew by 11% year-over-year to 553 million, exceeding Wall Street estimates of 547.4 million [3] - The average revenue per user for the fourth quarter was $2.12, higher than the expected $2.09 [3] - CEO Bill Ready stated that the company's strategy is yielding positive results, with increased user engagement and effectiveness for advertisers [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-K _________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 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 or O ...

Financial Performance - Q4 2024 revenue reached $1.15 billion, an 18% increase year-over-year, marking the first billion-dollar revenue quarter for the company[1][3][4] - GAAP net income for Q4 was $1.85 billion, a significant increase of 818% compared to the previous year, driven by a $1.6 billion benefit from the release of a valuation allowance on deferred tax assets[3][4] - Adjusted EBITDA for Q4 was $471 million, representing a 28% increase year-over-year, with an adjusted EBITDA margin of 41%[3][4] - Revenue for Q4 2024 was $1,154,130, a 17.6% increase from $981,262 in Q4 2023[21] - Net income for Q4 2024 was $1,847,475, compared to $201,178 in Q4 2023, reflecting a significant increase[21] - Adjusted EBITDA for the year ended December 31, 2024, was $1,032,315, compared to $707,594 for the year ended December 31, 2023, reflecting a growth of 45.8%[28] - Non-GAAP net income for the year ended December 31, 2024, was $900,958, compared to $783,513 in 2023, showing a 15% increase[28] User Metrics - Global monthly active users (MAUs) hit an all-time high of 553 million, reflecting an 11% year-over-year growth[1][3][4] - Average revenue per user (ARPU) globally increased by 6% to $2.12 in Q4, with U.S. and Canada ARPU rising by 12% to $9.00[5] Cash Flow and Investments - Free cash flow for Q4 was $250 million, with net cash provided by operating activities at $254 million[3][4] - Cash provided by operating activities for the year ended December 31, 2024, was $964,594, an increase from $612,961 in 2023, marking a 57.3% rise[23] - The total free cash flow for the year ended December 31, 2024, was $939,988, compared to $604,898 in 2023, marking an increase of around 55.5%[30] - Net cash used in investing activities for the year ended December 31, 2024, was $(221,017), compared to $(36,993) in 2023, indicating a significant increase in investment outflows[23] - Purchases of property and equipment for the year ended December 31, 2024, were $24,606, up from $8,063 in 2023, indicating a substantial increase of approximately 205.5%[30] Future Outlook - For Q1 2025, the company expects revenue between $837 million and $852 million, indicating a growth of 13-15% year-over-year[6] - The company has not provided a forward-looking GAAP equivalent for Adjusted EBITDA due to uncertainties regarding reconciling items[8] Expenses and Liabilities - Total current assets increased to $3,484,707 in 2024 from $3,338,559 in 2023, indicating growth in liquidity[19] - The total liabilities increased to $591,506 in 2024 from $503,725 in 2023, indicating a rise in obligations[19] - The total costs and expenses for Q4 2024 were $892,540, compared to $785,012 in Q4 2023, reflecting a 13.7% increase[26] - Research and development expenses for the year ended December 31, 2024, were $1,240,564, up from $1,068,416 in 2023, showing increased investment in innovation[21] Shareholder Information - The company reported a total of 674,880 basic weighted-average shares used in computing net income per share for Q4 2024[21] - Total share-based compensation for Q4 2024 was $198,913, up from $163,227 in Q4 2023, indicating a 21.8% increase[26] - The company repurchased $600,198 of Class A common stock during the year ended December 31, 2024[23] Financial Health - The total stockholders' equity rose to $4,751,154 in 2024 from $3,090,680 in 2023, reflecting improved financial health[19] - Cash, cash equivalents, and restricted cash at the end of the period were $1,141,221, down from $1,368,532 at the end of 2023[23] Operational Changes - The company plans to exclude payroll tax expense related to share-based compensation from Adjusted EBITDA starting Q4 2024 to better reflect ongoing business operations[28] - The company plans to maintain its focus on being a positive platform, which is seen as a competitive advantage for long-term success[2]

Pinterest, Inc. (PINS) is scheduled to report fourth-quarter 2024 results on Feb. 6, after the closing bell. The company pulled off a trailing four-quarter earnings surprise of 17%, on average. In the last reported quarter, it reported an earnings surprise of 17.65%.See the Zacks  Earnings Calendar   to stay ahead of market-making news.The company is expected to witness top-line expansion year over year, driven by increasing user engagement in the United States, Canada and Europe. Initiatives to introduce A ...

Group 1: Stock Performance - Pinterest (PINS) closed at $32.90, marking a +0.21% move from the prior day, outperforming the S&P 500's daily loss of 0.29% [1] - Over the past month, shares of Pinterest gained 9.73%, surpassing the Computer and Technology sector's gain of 1.8% and the S&P 500's gain of 2.52% [1] Group 2: Upcoming Earnings - Pinterest's earnings report is expected on February 6, 2025, with an anticipated EPS of $0.63, reflecting an 18.87% rise compared to the same quarter of the previous year [2] - The consensus estimate projects revenue of $1.14 billion, indicating a 16.03% rise from the equivalent quarter last year [2] Group 3: Analyst Forecasts - Recent revisions to analyst forecasts for Pinterest are important as they indicate changing near-term business trends, with positive revisions reflecting analysts' confidence in the company's performance [3] Group 4: Valuation Metrics - Pinterest is currently trading at a Forward P/E ratio of 18.75, which is a discount compared to the industry average Forward P/E of 28.9 [6] - The company has a PEG ratio of 0.57, significantly lower than the Internet - Software industry's average PEG ratio of 2.2 [7] Group 5: Industry Ranking - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

It’s pretty recognized that Pinterest (NYSE: PINS ) is an extremely unique social network platform, joining aesthetics and visuals with commerce. From fashion inspiration to recipes to mood boards, if there’s one thing Pinterest understands, it’s vibes. Having said that, ‘vibes’ rarely pay the bills, and the company hasI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation thro ...

Key TakeawaysPinterest stock fell after Jefferies downgraded the company and lowered its price target.Analysts said Pinterest hasn't done enough to generate consistent advertising revenue.The company has rolled out AI tools for advertisers, but Jefferies said it's too early to expect the revenue growth Wall Street is projecting. Pinterest (PINS) shares slid Monday after analysts at Jefferies downgraded the social media company over advertising revenue concerns. The firm dropped its rating for Pinterest to “ ...

Pinterest Inc (NYSE:PINS) stock is down 3.6% to trade at $29.55 at last check, after a downgrade from Jefferies to "hold" from "buy," as well as a price-target cut to $32 from $40. The firm noted the social media platform's new products are unlikely to drive previously implied expected revenue growth, and that the pace of margin expansion may slow after cost optimization efforts. Wells Fargo also lowered its price objective to $39 from $40.PINS is now on track for a fourth-straight loss and biggest single-d ...

Group 1: Meta Platforms - Meta Platforms experienced a significant increase in stock value, rising approximately 68% in 2024, making it the top performer among social media stocks [1] - The company boasts nearly 3.3 billion active daily users across its platforms, including Facebook, Instagram, WhatsApp, and Threads, allowing for extensive reach and targeted advertising [2] - Meta's average revenue per user (ARPU) was reported at $11.89 last quarter, with an annual average of $46.35 per user, indicating strong monetization capabilities [3] - The company is heavily investing in artificial intelligence (AI) to enhance user engagement and ad effectiveness, utilizing its Llama AI models [3] - Despite a $4.5 billion operating loss in its Reality Lab segment focused on the Metaverse, Meta's overall revenue grew by 19% and earnings per share increased by 37% in the third quarter [4] Group 2: Pinterest - Pinterest operates an online vision board platform with 537 million monthly active users, primarily targeting women [5] - The company has made significant investments to enhance monetization, including in-app checkouts and AI-driven tools like Performance+ to improve ad relevance and campaign efficiency [6] - Pinterest's ARPU was only $1.70 last quarter, significantly lower than Meta's, with U.S. and Canada ARPU at $7.31, while international markets lagged behind [8] - The company reported an 18% revenue growth last quarter but forecasted a deceleration in growth for Q4, estimating a revenue increase of 15% to 17% [9] Group 3: Snap - Snap's Snapchat app is popular among younger audiences, with nearly half of its U.S. users aged between 15 and 25, and a total of 443 million active users [10] - The company has a strong international user base, with 244 million users in the Rest of World category, and reported an ARPU of $3.10 globally [11] - Snap is rolling out a new, simplified version of Snapchat aimed at enhancing user experience and increasing ad revenue, with 10 million users currently testing the redesign [12] - The company achieved a 15% revenue growth last quarter, alongside a remarkable 229% increase in adjusted EBITDA [13] Group 4: Investment Outlook - Meta is considered the safest investment choice among the three, given its proven track record and strong performance [14] - Pinterest presents a significant opportunity for growth through better monetization in international markets, particularly with its partnership with Google [14] - Snap, despite being the worst performer in 2024, is viewed as having strong rebound potential due to its valuable demographic and the upcoming redesign of its app [15]

In the latest market close, Pinterest (PINS) reached $29.92, with a +0.07% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.04%. Elsewhere, the Dow gained 0.07%, while the tech-heavy Nasdaq lost 0.05%.Heading into today, shares of the digital pinboard and shopping tool company had lost 1.39% over the past month, lagging the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 1.05% in that time.Investors will be eagerly watching fo ...