Pinterest Stock Surges After First-Ever Billion-Dollar Quarter
The platform's AI-driven tools and record user growth fuel an 18% revenue increase and optimistic forecasts for 2025.
- Pinterest reported Q4 2024 revenue of $1.15 billion, surpassing analyst estimates and marking its first billion-dollar quarter.
- Global monthly active users hit a record 553 million, an 11% year-over-year increase, exceeding projections.
- The company's AI-powered ad tools, including the Performance+ suite and expanded 'Taste Graph,' drove a 90% increase in advertiser clicks.
- Pinterest forecasts Q1 2025 revenue between $837 million and $852 million, above market expectations.
- Shares rose over 20%, with analysts highlighting the platform's growing engagement, shoppable content, and monetization improvements.