(MENAFN- Investor Brand Network) Pinterest (NYSE:PINS) reported its first-ever billion-dollar revenue quarter, achieving $1.15 billion in Q4 2024, an 18% increase year-over-year. The platform's global monthly active users grew by 11% to reach 553 million. CEO Bill Ready highlighted the platform's increasing engagement and effectiveness for both users and advertisers.

As of Feb. 7, 2025, Pinterest's stock is trading at $39.51, up 17.6% from the previous close, with an intraday high of $41.24.

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About Pinterest

Pinterest is a visual discovery engine that enables users to find inspiration for various aspects of their lives, including recipes, home decor, and fashion ideas. The platform allows users to create and share collections of visual bookmarks, known as Pins, and explore ideas from other users. Founded in 2010, Pinterest has grown into a global platform with hundreds of millions of monthly active users. The company is headquartered in San Francisco, California, and is publicly traded on the New York Stock Exchange under the ticker symbol PINS.

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