Pinterest reported strong Q3 2024 results with revenue growing 18% YoY to $898 million, driven by continued user growth and improved monetization. Global Monthly Active Users reached a record 537 million, up 11% YoY, with the Rest of World segment showing the strongest growth at 16%. The company posted GAAP net income of $31 million, a 354% increase from the prior year.Performance was robust across all regions, with U.S. and Canada revenue up 16% to $719 million, Europe rising 20% to $137 million, and Rest of World jumping 38% to $42 million. Average Revenue Per User (ARPU) improved across all geographies, with global ARPU increasing 5% to $1.70.Looking ahead, Pinterest expects Q4 2024 revenue growth of 15-17% YoY to $1,125-1,145 million. The company highlighted that its AI investments are driving better personalization and advertiser performance, with lower-funnel ad tools becoming the fastest-growing segment of the business.

Pinterest reported strong Q3 2024 results with revenue growing 18% YoY to $898 million, driven by continued user growth and improved monetization. Global Monthly Active Users reached a record 537 million, up 11% YoY, with the Rest of World segment showing the strongest growth at 16%. The company posted GAAP net income of $31 million, a 354% increase from the prior year.Performance was robust across all regions, with U.S. and Canada revenue up 16% to $719 million, Europe rising 20% to $137 million, and Rest of World jumping 38% to $42 million. Average Revenue Per User (ARPU) improved across all geographies, with global ARPU increasing 5% to $1.70.Looking ahead, Pinterest expects Q4 2024 revenue growth of 15-17% YoY to $1,125-1,145 million. The company highlighted that its AI investments are driving better personalization and advertiser performance, with lower-funnel ad tools becoming the fastest-growing segment of the business.