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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.
Pinterest
Pinterest
Pinterest Revenue by Geographic Location
Revenue by Geographic Location
U.S. and Canada Revenue
CapyFin.comEurope Revenue
CapyFin.comRest of World Revenue
CapyFin.com 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.
- 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