Pinterest Q4 Earnings: Revenue Miss, EPS Beat, Monthly Active Users Up 11% And More

Pinterest Inc PINS reported fourth-quarter financial results Thursday after the close. Here’s a look at the key metrics from the quarter.

Q4 Earnings: Pinterest’s fourth-quarter revenue increased 12% year-over-year to $981 million, which missed the consensus estimate of $989.53 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 53 cents per share, which beat analyst estimates of 51 cents per share.

Pinterest said global monthly active users increased 11% year-over-year to an all-time high of 498 million.

“Pinterest is the rare business where the interests of users and advertisers are aligned. It’s proven to be true as we continue to post double-digit revenue growth and have achieved an all-time high for global MAU. The changes we made have set us up to be a stronger and more efficient company as we double down on our momentum in 2024,” said Bill Ready, CEO of Pinterest.

Outlook: Pinterest sees first-quarter revenue in the range of $690 million to $705 million versus estimates of $702.36 million. First-quarter operating expenses are expected to be between $450 million and $465 million, representing growth of 9% to 13% on a year-over-year basis.

Management will hold a conference call to discuss these results at 4:30 p.m. ET.

Check This Out: Trading Strategies for Pinterest Stock Before And After Q4 Earnings

PINS Price Action: Pinterest shares were down 13.0% after hours at $35.42 at the time of publication, according to Benzinga Pro.

Photo: Shutterstock.