Pinterest has reported a 12% increase in fourth-quarter revenue for 2023, compared to the same period in the previous year, totaling $981 million. The net profit, according to GAAP accounting standards, amounted to $201 million.
According to Bill Ready, the CEO of Pinterest, the past year has been a pivotal one for the company, with Pinterest able to launch new products and solutions at a faster pace than ever before. Brands have utilized the newly developed tools, combined with the unique features of the platform, resulting in aligned perspectives from both advertisers and users. This alignment has driven significant revenue growth and an increase in the number of active users.
Pinterest now boasts a regular monthly user base (MAUs) of 498 million accounts worldwide. This figure includes 97 million accounts from the United States and Canada, 135 million from Europe, and the remaining 266 million from other regions.
TLDR: Pinterest’s fourth-quarter 2023 revenue increased by 12% compared to the previous year, reaching $981 million. The net profit, as per GAAP accounting, stood at $201 million. CEO Bill Ready expressed how Pinterest’s ability to launch new products and solutions quickly has contributed to the significant growth in revenue and user base, which now stands at 498 million accounts worldwide.
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