Pinterest has seen a significant surge in shares after reporting strong fourth-quarter revenue and user growth. The company’s sales reached $1.15 billion, exceeding expectations of $1.14 billion. Revenue jumped 18% year over year, with net income reaching $1.85 billion.
The company’s adjusted earnings per share was 56 cents, but this figure is not comparable due to a deferred tax benefit of $1.6 billion. Pinterest also reported an EBITDA margin of 41%, higher than the projected 39%.
User growth was a major highlight, with global monthly active users increasing by 11% year over year to 553 million. The average revenue per user came in at $2.12, topping expectations.
“We’re seeing people come to Pinterest more often, the platform is becoming more actionable, and our lower funnel focus is driving results for users and advertisers,” said CEO Bill Ready. This comes after other social media companies like Snap and Meta reported strong earnings earlier this month.
Source: https://www.cnbc.com/2025/02/06/pinterest-pins-q4-earnings-report-2024.html