Pinterest Inc.
Pinterest Reports Strong Financial Results for Q4 and Full Year 2024
Summary
Pinterest, Inc. reported a strong performance for the quarter and year ended December 31, 2024, achieving a milestone Q4 with a first billion-dollar revenue quarter, reaching 553 million monthly active users. The company's revenue grew 18% year over year to $1.15 billion for Q4 and 19% to $3.65 billion for 2024. GAAP net income was $1.85 billion for the full year, and Adjusted EBITDA was $1.03 billion. The company also provided guidance for Q1 2025, expecting revenue growth of 13-15% year over year. A conference call will be held on February 6, 2025, to discuss these results.
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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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