Pinterest First Quarter 2024 Earnings: Beats Expectations
Pinterest (NYSE:PINS) First Quarter 2024 Results
Key Financial Results
Revenue: US$740.0m (up 23% from 1Q 2023).
Net loss: US$24.8m (loss narrowed by 88% from 1Q 2023).
US$0.037 loss per share (improved from US$0.31 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pinterest Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 57%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are up 23% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Pinterest's balance sheet health.
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