Categories AlphaGraphs, Earnings, Technology
Pinterest reports double-digit growth in Q3 2024 revenue and profit
Image search services provider Pinterest, Inc. (NYSE: PINS) has reported a sharp increase in revenues and adjusted earnings for the third quarter of 2024.
Total revenues increased 18% year-over-year to $898.4 million in the September quarter when the top line grew across all geographical regions.
Net profit, adjusted for special items, moved up to $0.40 per share in Q3 from $0.28 per share last year. On an unadjusted basis, net income was $30.6 million or $0.04 per share in the third quarter, compared to $6.73 million or $0.01 per share in the comparable period of 2023.
“Our AI investments are driving results by powering better-personalized experiences and greater performance for advertisers, with our lower-funnel ad tools being the fastest-growing part of our business,” said Bill Ready, CEO of Pinterest.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Spotify (SPOT) Earnings: 3Q24 Key Numbers
Spotify Technology S.A. (NYSE: SPOT) reported total revenue of EUR3.98 billion for the third quarter of 2024, up 19% year-over-year. Net income attributable to owners of the parent was EUR300
Nvidia (NVDA) looks poised to deliver blowout results once again
After a blockbuster first half, Nvidia Corporation (NASDAQ: NVDA) is preparing to publish data on its third-quarter financial performance next week. Since the company is expected to provide updates on
Key takeaways from Tyson Foods’ (TSN) Q4 2024 earnings report
Shares of Tyson Foods, Inc. (NYSE: TSN) jumped over 8% on Tuesday after the company delivered better-than-expected earnings results for the fourth quarter of 2024. Revenue and earnings beat estimates,