Pinterest (NYSE:PINS) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.65b (up 19% from FY 2023).
• Net income: US$1.86b (up from US$35.6m loss in FY 2023).
• Profit margin: 51% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
• EPS: US$2.74 (up from US$0.053 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pinterest EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$2.61b (72% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$1.24b (46% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$1.65b. Explore how PINS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are up 21% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Pinterest that you should be aware of.

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