Pinterest Q2 2024 Earnings Summary $PINS
In the latest earnings call, Pinterest reported impressive Q2 2024 results, showcasing a record 522 million global monthly active users—a 12% year-over-year increase—as they enhance user experience with inspiring content. Revenue soared to $854 million, a 21% annual growth, while adjusted EBITDA reached $180 million, reflecting a robust 21% margin. CEO Bill Ready emphasized the company's strong traction with advertisers, particularly in reaching Gen Z audiences, and pointed to strategic innovations like the Performance+ tool that heighten campaign effectiveness. CFO Julia Donnelly highlighted diverse user growth across regions, with notable increases in Europe and emerging verticals. Looking ahead, Pinterest projects Q3 2024 revenue between $885 million and $900 million, reinforcing their confidence in sustained engagement and marketing advancements. With strong financial results and promising forecasts, this episode is a must-listen for investors eager to tap into Pinterest's evolving business landscape.
