Pinterest Inc (NYSE:PINS) reported fourth-quarter financial results after the market close on Thursday. Here’s a rundown of the idea discovery platform company’s report.

Q4 Earnings: Pinterest reported fourth-quarter revenue of $1.15 billion, beating estimates of $1.14 billion, according to Benzinga Pro. The company reported fourth-quarter earnings of 56 cents per share, missing analyst estimates of 65 cents per share.

Total revenue was up 18% on a year-over-year basis. Pinterest's global monthly active users increased 11% year-over-year to 553 million. Average revenue per user was $2.12 globally and $9 in the U.S. and Canada.

Net cash from operations totaled $254 million in the quarter. Pinterest also generated free cash flow of $250 million. The company ended the period with $1.14 billion in cash and cash equivalents.

“2024 was a banner year for Pinterest, capped off by a milestone Q4 — achieving the company’s first billion-dollar revenue quarter and a record 553 million monthly active users, as we continue to drive profitable growth and free cash flow,” said Bill Ready, CEO of Pinterest.

“Our strategy is paying off. People are coming to Pinterest more often, the platform has never been more actionable and our lower funnel focus is driving results for users and advertisers.”

Q1 Outlook: Pinterest expects first-quarter revenue to be in the range of $837 million to $852 million versus estimates of $832.77 million. The company expects first-quarter adjusted EBITDA of $155 million to $170 million.

Management will hold a conference call to further discuss the quarter with investors and analysts at 4:30 p.m. ET. The company noted that it will provide more details on its outlook during the call.

PINS Price Action: Pinterest shares were up 15.96% at $38.95 in Thursday’s after-hours session at publication time, according to Benzinga Pro.

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