Pinterest, Inc. (PINS), an international visual search and discovery platform provider, reported solid first-quarter financial results on May 1, 2024. The company reported a record quarterly revenue of $739.98 million, indicating growth of 22.8% from the prior-year quarter. The company’s global monthly active users increased 12% year-over-year to 518 million.
The company’s revenue from US and Canada rose 21.8% year-over-year to $592 million and revenue from Europe grew 26.9% year-over-year to $118 million. Its non-GAAP net income was $139.50 million, up 141.8% from the prior year’s quarter.
