On February 8, 2024, Pinterest, Inc. released its financial results for the fourth quarter and full year ended December 31, 2023. The company reported a 12% increase in Q4 revenue to $981 million and a 9% increase in annual revenue to $3,055 million. Global Monthly Active Users (MAUs) reached a record high of 498 million, an 11% increase from the previous year. Despite a GAAP net loss of $36 million for the year, Q4 saw a GAAP net income of $201 million. Adjusted EBITDA for Q4 and the full year were $365 million and $683 million, respectively. Pinterest's CEO, Bill Ready, highlighted the transformative year for the company, with accelerated product development and the launch of new solutions for brands. The company also provided guidance for Q1 2024, expecting revenue between $690 million to $705 million, which would represent a 15-17% growth year over year. Non-GAAP operating expenses are projected to grow by 9-13% in the same period. The financial report and future outlook were discussed in a conference call on the same day.

On February 8, 2024, Pinterest, Inc. released its financial results for the fourth quarter and full year ended December 31, 2023. The company reported a 12% increase in Q4 revenue to $981 million and a 9% increase in annual revenue to $3,055 million. Global Monthly Active Users (MAUs) reached a record high of 498 million, an 11% increase from the previous year. Despite a GAAP net loss of $36 million for the year, Q4 saw a GAAP net income of $201 million. Adjusted EBITDA for Q4 and the full year were $365 million and $683 million, respectively. Pinterest's CEO, Bill Ready, highlighted the transformative year for the company, with accelerated product development and the launch of new solutions for brands. The company also provided guidance for Q1 2024, expecting revenue between $690 million to $705 million, which would represent a 15-17% growth year over year. Non-GAAP operating expenses are projected to grow by 9-13% in the same period. The financial report and future outlook were discussed in a conference call on the same day.