Pinterest Announces First Quarter 2024 Results, Reports 23% Revenue Growth and More Than Half A Billion Monthly Active Users
Pinterest, Inc. Class A (PINS)
Company Research
Source: Business Wire
Q1 Revenue of $740 million, an increase of 23%, nearly doubling growth rate from prior quarterRecord 518 million global monthly active users, an increase of 12% SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended March 31, 2024.Q1 revenue grew 23% year over year to $740 million.Global Monthly Active Users ("MAUs") increased 12% year over year to 518 million.GAAP net loss was $25 million for Q1. Adjusted EBITDA was $113 million for Q1.Total costs and expenses were $794 million.“Q1 was a milestone quarter for Pinterest as we reached new highs: surpassing half a billion monthly active users and reporting 23% revenue growth – our fastest user and revenue growth since 2021,” said Bill Ready, CEO of Pinterest. “Thanks to our investments in AI and shoppability, we’re driving even greater returns for advertisers and gaining access to performance budgets. We’re executing with tremendous clarity and focus, shipping new products
Show less
Read more
Impact Snapshot
Event Time:
PINS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PINS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PINS alerts
High impacting Pinterest, Inc. Class A news events
Weekly update
A roundup of the hottest topics
PINS
News
- Ansel Adams' Timeless Portraits Immortalized on Stamps [Yahoo! Finance]Yahoo! Finance
- Pinterest Appoints Chip Bergh to Board of DirectorsBusiness Wire
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Pinterest (PINS) International Revenue Performance Explored [Yahoo! Finance]Yahoo! Finance
- Pinterest, Inc. (NYSE: PINS) had its price target raised by analysts at Loop Capital from $43.00 to $49.00. They now have a "buy" rating on the stock.MarketBeat
PINS
Earnings
- 4/30/24 - Beat
PINS
Sec Filings
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- PINS's page on the SEC website