Pinterest Q2 2024 Earnings Report
Key Takeaways
Pinterest's Q2 2024 results showed strong growth, with revenue increasing by 21% year over year to $854 million and global monthly active users growing by 12% to 522 million. The company's monetization efforts are yielding positive results as advertisers see improved performance due to AI-powered products and experiences.
Q2 revenue grew 21% year over year to $854 million.
Global Monthly Active Users (MAUs) increased 12% year over year to 522 million.
GAAP net income was $9 million for Q2.
Adjusted EBITDA was $180 million for Q2.
Pinterest
Pinterest
Pinterest Revenue by Geographic Location
Forward Guidance
For Q3 2024, Pinterest expects revenue to be in the range of $885 million to $900 million, representing 16-18% growth year over year. Non-GAAP operating expenses are expected to be in the range of $485 million to $500 million, representing 17-20% growth year over year.
Positive Outlook
- Revenue expected to be in the range of $885 million to $900 million.
- Revenue growth of 16-18% year over year.
- Continued investment in AI and product development.
- Focus on attracting and retaining users.
- Expansion of monetization efforts.
Challenges Ahead
- Non-GAAP operating expenses expected to be in the range of $485 million to $500 million.
- Operating expense growth of 17-20% year over year.
- Uncertainty regarding share-based compensation expense.
- Potential variability of reconciling items.
- Material changes to reconciling items could have a significant effect on future GAAP results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income