Pinterest Inc (PINS) PT Raised to $46 at BMO Capital
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Pinterest Announces First Quarter 2024 Results, Reports 23% Revenue Growth and More Than Half A Billion Monthly Active Users
April 30, 2024 4:06 PM EDTQ1 Revenue of $740 million, an increase of 23%, nearly doubling growth rate from prior quarter
Record 518 million global monthly active users, an increase of 12%
SAN FRANCISCO--(BUSINESS WIRE)-- Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended March 31, 2024.
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. Total costs and... More