- Revenue: $1.15B, +18% YoY
- Global Monthly Active Users (MAUs): 553M, +11% YoY
- First billion-dollar revenue quarter in company history
CEO Bill Ready: "2024 was a banner year for Pinterest, capped off by a milestone Q4 – achieving the company's first billion-dollar revenue quarter and a record 553 million monthly active users, as we continue to drive profitable growth and free cash flow. Our strategy is paying off. People are coming to Pinterest more often, the platform has never been more actionable, and our lower funnel focus is driving results for users and advertisers."
🌱Revenue & Growth
- Global Revenue: $1.15B, +18% YoY
- US and Canada: $900M, +16% YoY
- Europe: $196M, +21% YoY
- Rest of World: $58M, +44% YoY
- Global ARPU: $2.12, +6% YoY
💰Profits & Financials
- Net Income: $1.85B vs $201M YoY
- Adjusted EBITDA: $471M, +28% YoY
- Adjusted EBITDA margin: 41% vs 38% YoY
- Free Cash Flow: $250M, -1% YoY
- Cash and Cash Equivalents: $1.14B
📌Business Highlights
- Global MAUs by region: US & Canada 101M (+4% YoY), Europe 145M (+7% YoY), Rest of World 307M (+15% YoY)
- Released valuation allowance on deferred tax assets resulting in $1.6B benefit
- Share repurchases of $100M in Q4
🔮Future Outlook
- Q1 2025 revenue guidance: $837M-$852M, +13-15% YoY
- Q1 2025 Adjusted EBITDA guidance: $155M-$170M
- Expects ~2% foreign exchange headwind based on current rates