Pinterest announced an impressive $1.154 billion in revenue for Q4 2024, marking its first billion-dollar quarter and an 18% increase year-over-year. Although this revenue exceeded analyst forecasts and the higher end of management's guidance, the company faced challenges in profitability, as earnings per share (EPS) came in at $0.56, which fell short of the $0.64 expected by analysts. The strong revenue growth was attributed to improved international user engagement and enhanced monetization strategies, showing robust user growth but also underscoring the need for better earnings performance.
Despite missing earnings expectations with an EPS of $0.56 compared to the estimated $0.64, Pinterest recorded its first billion-dollar quarter with $1.154 billion in revenue.
While Pinterest's revenue surpassed analyst expectations, the 12.5% miss in EPS highlights ongoing challenges in profitability, indicating a need for continued focus on financial performance.
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