Pinterest Inc.
Pinterest Reports Q2 2024 Financial Results with Robust Growth
Summary
Pinterest, Inc. announced its financial results for the quarter ended June 30, 2024, reporting a 21% increase in revenue to $854 million and a 12% increase in Global Monthly Active Users (MAUs) to 522 million. GAAP net income was $9 million, and Adjusted EBITDA was $180 million. The company also provided Q3 2024 revenue guidance of $885 million to $900 million, expecting 16-18% year-over-year growth. Reconciliations of non-GAAP financial measures to GAAP are included in the press release.
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Exhibits (1)
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About Pinterest Inc.
Pinterest Inc. is a social media company that operates a unique platform designed for users to discover, save, and share visual content. The primary function of Pinterest is to serve as a discovery engine for finding ideas like recipes, home and style inspirations, and various lifestyle concepts. Users engage with the platform by creating 'boards' where they 'pin' images and links, allowing for curated collections of interests and projects. Pinterest caters to both individual and business users, providing businesses with opportunities to advertise and promote products through visually appealing ads integrated seamlessly into the platform. The company's platform impacts the advertising and e-commerce industries by offering brands a visually driven medium to connect with a highly engaged audience. Founded in 2010 and headquartered in San Francisco, California, Pinterest plays a significant role in the digital marketing space by influencing purchasing decisions and consumer trends through its visual exploration and inspiration platform.
Official SEC Documents
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