Pinterest's shares have surged over 22% in premarket trading following impressive Q4 results, marking the company's first billion-dollar quarter with $1.15 billion in revenue. This performance surpassed analyst expectations and reflects an 18% increase year-on-year. Additionally, Pinterest's global monthly active users reached an all-time high of 553 million, up 11% from the previous year. This growth positions the platform favorably amidst advertising challenges, paving the way for future revenue opportunities. The company reported total revenue of $3.6 billion for fiscal 2024, indicating a 19% growth over the prior year.
Pinterest's Q4 2024 results exceeded expectations, marking a turning point with over $1 billion in quarterly revenue and an impressive growth in active users.
The company achieved its first billion-dollar quarter, which contributed to a 19% total revenue growth for fiscal 2024, showcasing its market resilience.
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