NYSE$PINS
Pinterest Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Pinterest announced strong Q3 2024 results with sustained revenue and user growth.
Pinterest's Q3 2024 revenue grew by 18% year over year to $898 million, with global monthly active users reaching a record 537 million, an 11% increase. GAAP net income was $31 million.
- Q3 revenue grew 18% year over year to $898 million.
- Global Monthly Active Users (MAUs) increased 11% year over year to 537 million.
- GAAP net income was $31 million for Q3.
- Adjusted EBITDA was $242 million for Q3.
Headline financials
Revenue & EPS history
Pinterest · Revenue · Quarterly
$898M
Forward guidance
For Q4 2024, Pinterest expects revenue to be in the range of $1,125 million to $1,145 million, representing 15-17% growth year over year. Non-GAAP operating expenses are expected to be in the range of $495 million to $510 million, representing 11-14% growth year over year.
Tailwinds
- Revenue to be in the range of $1,125 million to $1,145 million.
- Revenue growth of 15-17% year over year expected.
- Continued investments in AI are expected to drive personalized experiences.
- Advertisers are relying on Pinterest to engage a growing audience.
- Lower-funnel ad tools are the fastest-growing part of the business.
Headwinds
- Non-GAAP operating expenses are expected to be in the range of $495 million to $510 million.
- Operating expense growth of 11-14% year over year expected.
- Uncertainty regarding share-based compensation expense.
- Potential variability of reconciling items.
- Material changes to reconciling items could have a significant effect on future GAAP results.
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 Q3 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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