NYSE$PINS
Pinterest Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Pinterest's Q1 2024 earnings showcased significant growth, marked by surpassing half a billion monthly active users and accelerating revenue growth.
Pinterest announced strong Q1 2024 results, with revenue growing 23% year-over-year to $740 million and global monthly active users increasing 12% to 518 million. The company reported a GAAP net loss of $25 million, while adjusted EBITDA reached $113 million.
- 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.
Headline financials
Revenue & EPS history
Pinterest · Revenue · Quarterly
$740M
Forward guidance
For Q2 2024, Pinterest expects revenue to be in the range of $835 million to $850 million, representing 18-20% growth year over year. The company expects Q2 2024 Non-GAAP operating expenses to be in the range of $490 million to $505 million, representing 11-15% growth year over year.
Tailwinds
- Revenue expected to be in the range of $835 million to $850 million.
- Revenue growth of 18-20% year over year is anticipated.
- Continued investments in AI and shoppability are expected to drive returns for advertisers.
- New products and experiences are being shipped to meet user demand.
- Focus on product market fit is expected to yield positive results.
Headwinds
- Non-GAAP operating expenses are expected to be in the range of $490 million to $505 million.
- Operating expense growth of 11-15% year over year is anticipated.
- Uncertainty regarding reconciling items such as share-based compensation expense may impact GAAP results.
- Material changes to reconciling items could have a significant effect on future GAAP results.
- Reconciliations provided would imply a degree of precision that could be confusing or misleading to investors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.0%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+0.4%
Avg return
30 days after
46%
13 / 28 earnings
Positive
+43.2%
Q2 2020
Best reaction
-23.2%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | +2.2% | +3.8% | |
| Q4 2025 | -16.8% | -11.7% | -1.9% | |
| Q3 2025 | -21.8% | -17.9% | -18.7% | |
| Q1 2025 | +4.6% | +18.1% | +22.8% | |
| Q4 2024 | +19.1% | +16.4% | +2.1% | |
| Q3 2024 | -13.6% | -9.2% | -4.4% | |
| Q2 2024 | -14.5% | -22.1% | -16.5% | |
| Q1 2024 | +19.8% | +19.6% | +22.5% | |
| Q4 2023 | -9.7% | -12.5% | -14.5% | |
| Q3 2023 | +22.7% | +27.0% | +36.6% | |
| Q2 2023 | -3.9% | -8.0% | -5.2% | |
| Q1 2023 | -13.6% | -19.7% | -8.9% | |
| Q4 2022 | -3.7% | -9.6% | -6.3% | |
| Q3 2022 | +13.0% | +9.8% | +13.4% | |
| Q2 2022 | +14.5% | +15.8% | +18.3% | |
| Q1 2022 | +10.3% | +15.3% | +6.4% | |
| Q4 2021 | -0.3% | -2.4% | -11.5% | |
| Q3 2021 | +3.4% | +4.4% | -19.8% | |
| Q2 2021 | -23.2% | -21.7% | -25.3% | |
| Q1 2021 | -13.6% | -13.5% | -16.2% | |
| Q4 2020 | +6.2% | +2.9% | -11.7% | |
| Q3 2020 | +19.0% | +11.2% | +32.7% | |
| Q2 2020 | +43.2% | +42.4% | +40.3% | |
| Q1 2020 | -17.3% | -7.7% | -1.1% | |
| Q4 2019 | +15.0% | +9.7% | -15.5% | |
| Q3 2019 | -19.5% | -21.0% | -24.8% | |
| Q2 2019 | +15.8% | +12.7% | +18.7% | |
| Q1 2019 | -6.7% | -11.2% | -4.3% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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