Pinterest announced strong fourth-quarter and full-year 2024 financial results on February 6, 2025, achieving its first billion-dollar revenue quarter with $1.15 billion, an 18% increase year-over-year. Global monthly active users reached a record 553 million, up 11% from the prior year.
Net income for the quarter was $1.85 billion, which included a $1.6 billion deferred tax benefit, and Adjusted EBITDA grew 28% to $470.94 million, with a margin of 41%. For the full year 2024, revenue increased 19% to $3.65 billion, and Adjusted EBITDA rose 46% to $1.03 billion.
CEO Bill Ready stated that the company's strategy is paying off, driving user engagement and advertiser results through a lower-funnel focus. Pinterest also provided first-quarter 2025 revenue guidance of $837 million to $852 million, with the midpoint exceeding analyst expectations of $833 million, and authorized a $2 billion share buyback program.
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