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Sep 30, 2024
Pinterest Q3 2024 Earnings Report
Pinterest announced strong Q3 2024 results with sustained revenue and user growth.
Key Takeaways
Pinterest's Q3 2024 revenue grew by 18% year over year to $898 million, with global monthly active users reaching a record 537 million, an 11% increase. GAAP net income was $31 million.
Q3 revenue grew 18% year over year to $898 million.
Global Monthly Active Users (MAUs) increased 11% year over year to 537 million.
GAAP net income was $31 million for Q3.
Adjusted EBITDA was $242 million for Q3.
Revenue by Geographic Location
Forward Guidance
For Q4 2024, Pinterest expects revenue to be in the range of $1,125 million to $1,145 million, representing 15-17% growth year over year. Non-GAAP operating expenses are expected to be in the range of $495 million to $510 million, representing 11-14% growth year over year.
Positive Outlook
- Revenue to be in the range of $1,125 million to $1,145 million.
- Revenue growth of 15-17% year over year expected.
- Continued investments in AI are expected to drive personalized experiences.
- Advertisers are relying on Pinterest to engage a growing audience.
- Lower-funnel ad tools are the fastest-growing part of the business.
Challenges Ahead
- Non-GAAP operating expenses are expected to be in the range of $495 million to $510 million.
- Operating expense growth of 11-14% year over year expected.
- Uncertainty regarding share-based compensation expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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