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Dec 31, 2024
Pinterest Q4 2024 Earnings Report
Key Takeaways
Pinterest achieved its first billion-dollar revenue quarter in Q4 2024, reporting $1.15 billion in revenue, an 18% increase YoY. The company saw record global monthly active users at 553 million, up 11%. GAAP net income surged to $1.85 billion, largely due to a $1.6 billion tax benefit, while adjusted EBITDA increased 28% to $471 million.
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
Pinterest expects Q1 2025 revenue between $837 million and $852 million, reflecting a 13-15% YoY increase. Adjusted EBITDA is projected to range from $155 million to $170 million.
Positive Outlook
- Revenue expected to grow 13-15% YoY in Q1 2025.
- MAU growth continues, reaching record levels in Q4 2024.
- Adjusted EBITDA margin improved from 38% to 41% YoY.
- Increased ARPU across all regions indicates better monetization.
- Strong free cash flow generation of $250 million in Q4.
Challenges Ahead
- Net income heavily impacted by one-time tax benefit, not reflective of core operations.
- Revenue growth expected to slow slightly in Q1 2025.
- Operating expenses, including R&D and marketing, continue to rise.
- Foreign exchange headwinds expected to impact revenue growth by 2 percentage points.
- High dependency on U.S. and Canada for revenue (78% of total).
Revenue & Expenses
Visualization of income flow from segment revenue to net income