Pinterest Inc
PINS
ISIN US72352L1061 / Valor 47103960
Pinterest Inc
UMushroom community rating:
About company
Pinterest Inc. operates as a visual discovery and inspiration platform, serving as a go-to resource for users looking to find and implement ideas in various aspects of their lives, including fashion, beauty, home renovation, and cooking. Since its inception in 2010, the San Francisco-based company has grown to attract a global user base, boasting 498 million monthly active users. The platform allows users to search, save, and shop for ideas, facilitating a seamless transition from inspiration to action. Available on both iOS and Android devices, as well as through its website, pinterest.com, Pinterest caters to a wide audience seeking creative inspiration and practical solutions for everyday tasks and special projects alike.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (14.08.2024):
Revenue Growth
In the second quarter of 2024, Pinterest Inc. reported a significant revenue increase of 21% year over year, reaching $854 million. This growth highlights the company's successful monetization strategies and its ability to attract more advertisers to its platform.
Monthly Active Users
Pinterest Inc. saw a notable rise in its global monthly active users (MAUs) during Q2 2024, with a 12% year-over-year increase, bringing the total to a record 522 million. This growth in user base underscores the platform's expanding reach and engagement.
Net Income
For the second quarter of 2024, Pinterest Inc. achieved a GAAP net income of $9 million, a significant turnaround from a net loss of $35 million in the same quarter of the previous year. This improvement reflects the company's enhanced operational efficiency and revenue growth.
Adjusted EBITDA
Pinterest Inc. reported an adjusted EBITDA of $180 million for Q2 2024, marking a 68% increase from the $107 million reported in Q2 2023. The adjusted EBITDA margin also improved to 21%, up from 15% in the previous year, indicating better profitability and cost management.
Future Outlook
Looking ahead to Q3 2024, Pinterest Inc. expects revenue to be in the range of $885 million to $900 million, representing a year-over-year growth of 16-18%. The company also anticipates non-GAAP operating expenses to grow by 17-20%, reflecting continued investment in growth initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
18041 M
Market cap (USD)
1,584,674
Daily traded volume (Shares)
30.31 / 29.39
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Luba Schoenig
Robin Roten
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