Pinterest has reported its third-quarter performance results for 2023, revealing a total revenue of $763 million, which is an 11% increase compared to the same period last year. The company’s net profit, according to GAAP accounting, stands at $7 million, with EBITDA at $185 million.
Bill Ready, Pinterest’s CEO, stated that the company has shown strong revenue growth, an increase in user base, and improved profit margins. Pinterest still maintains its unique strengths compared to competitors, including image-based search, discovering new ideas, and its exclusive shopping platform. The company remains committed to executing its plans to seize future opportunities.
Pinterest now has a regular monthly active user base (MAUs) of 482 million accounts worldwide. This includes 96 million in the Americas and Canada, 128 million in Europe, and the remaining 258 million globally.
In summary (TLDR), Pinterest’s Q3 2023 results demonstrate revenue growth, increased user base, and strong profit margins. The company maintains its competitive edge, focusing on image-based search, idea exploration, and its specialized shopping platform. With a global user base of 482 million accounts, Pinterest continues to pursue future opportunities.