Pinterest Inc ( PINS ) reported fourth-quarter financial results after the market close on Thursday. Here’s a rundown of the idea discovery platform company’s report.

Q4 Earnings: Pinterest ( PINS ) reported fourth-quarter revenue of $1.15 billion, beating estimates of $1.14 billion, according to Benzinga Pro. The company reported fourth-quarter earnings of 56 cents per share, missing analyst estimates of 65 cents per share.

Total revenue was up 18% on a year-over-year basis. Pinterest's ( PINS ) global monthly active users increased 11% year-over-year to 553 million. Average revenue per user was $2.12 globally and $9 in the U.S. and Canada.

Net cash from operations totaled $254 million in the quarter. Pinterest ( PINS ) also generated free cash flow of $250 million. The company ended the period with $1.14 billion in cash and cash equivalents.

“2024 was a banner year for Pinterest ( PINS ), capped off by a milestone Q4 — achieving the company’s first billion-dollar revenue quarter and a record 553 million monthly active users, as we continue to drive profitable growth and free cash flow,” said Bill Ready, CEO of Pinterest ( PINS ).

“Our strategy is paying off. People are coming to Pinterest ( PINS ) more often, the platform has never been more actionable and our lower funnel focus is driving results for users and advertisers.”

Q1 Outlook: Pinterest ( PINS ) expects first-quarter revenue to be in the range of $837 million to $852 million versus estimates of $832.77 million. The company expects first-quarter adjusted EBITDA of $155 million to $170 million.

Management will hold a conference call to further discuss the quarter with investors and analysts at 4:30 p.m. ET. The company noted that it will provide more details on its outlook during the call.

PINS Price Action: Pinterest ( PINS ) shares were up 15.96% at $38.95 in Thursday’s after-hours session at publication time, according to Benzinga Pro.

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