Pinterest reported a 18% increase in total revenue for the fourth quarter of 2024 compared to the same period in the previous year, reaching $1.154 billion. The net income under GAAP stood at $1.847 billion, as a result of recording the benefits of expense provisions for taxes totaling $1.597 billion.
The number of active users grew to 553 million accounts, with 101 million accounts in the United States. The U.S. accounts for 78% of the total revenue.
CEO Bill Ready stated that this quarter marks the first time the company has reached billion-dollar revenue levels, reflecting a growing and loyal user base on the platform.
Source: Pinterest (pdf)
TLDR: Pinterest’s fourth-quarter performance in 2024 shows significant revenue growth, with total revenue reaching $1.154 billion and a net income of $1.847 billion. The platform’s active user base has increased to 553 million accounts, with a strong presence in the United States accounting for a majority of the revenue. CEO Bill Ready emphasizes the company’s milestone achievement and the continued growth of the user base.
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