Pinterest Inc.
Pinterest Reports Strong Q3 2024 Financial Results with 18% Revenue Growth
Summary
Pinterest, Inc. announced its financial results for the third quarter of 2024, reporting an 18% year-over-year increase in revenue to $898 million. The company also saw a significant rise in Global Monthly Active Users (MAUs) to 537 million, up 11% year-over-year. GAAP net income for Q3 was $31 million, while non-GAAP net income was $275 million. Pinterest expects Q4 2024 revenue to be in the range of $1,125 million to $1,145 million, representing 15-17% growth year over year. The press release, including reconciliations of non-GAAP measures and guidance details, is furnished as Exhibit 99.1.
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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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