logo
Pinterest Inc (PINS) Q4 2024 Earnings Call Highlights: Record Revenue and User Growth Amid ...

Pinterest Inc (PINS) Q4 2024 Earnings Call Highlights: Record Revenue and User Growth Amid ...

Yahoo07-02-2025

Revenue: $3.65 billion for full-year 2024, representing 19% growth.
Q4 Revenue: $1.154 billion, up 18% year over year.
Adjusted EBITDA: Over $1 billion for 2024, a roughly 50% increase year over year.
Adjusted EBITDA Margin: 41% in Q4, an increase of 320 basis points from the previous year.
Net Income: Achieved GAAP profitability for the first time since 2021.
Monthly Active Users (MAUs): 553 million globally, growing 11% year over year.
US and Canada MAUs: 101 million, growing 4% year over year.
Europe MAUs: 145 million, growing 7% year over year.
Rest of World MAUs: 307 million, growing 15% year over year.
Ad Impressions: Grew 43% in Q4.
Ad Pricing: Declined 18% year over year in Q4.
Free Cash Flow: $940 million for full-year 2024, a 55% increase.
Cash and Marketable Securities: $2.5 billion at the end of Q4.
Share Repurchases: $600 million for full-year 2024, reducing fully diluted share count by approximately 1.7%.
Q1 2025 Revenue Guidance: $837 million to $852 million, representing 13% to 15% growth year over year.
Q1 2025 Adjusted EBITDA Guidance: $155 million to $170 million.
Warning! GuruFocus has detected 4 Warning Signs with EXPE.
Release Date: February 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Pinterest Inc (NYSE:PINS) achieved record high global users, surpassing 550 million MAUs globally, with significant growth in the U.S. and Canada.
The company reported its first $1 billion revenue quarter in Q4 2024, with an 18% revenue growth year-over-year.
Pinterest Inc (NYSE:PINS) delivered over $1 billion in adjusted EBITDA, marking a roughly 50% increase, showcasing profitable growth.
The company has successfully integrated AI into its platform, enhancing user experience and advertising performance, leading to a 90% increase in clicks to advertisers.
Pinterest Inc (NYSE:PINS) achieved GAAP profitability on a net income basis for the first time since 2021, highlighting financial stability.
The food and beverage subsector of CPG experienced softness, impacting overall growth, and the headwind is not fully behind the company.
Ad pricing declined by 18% year-over-year due to increased ad impression growth and a mix shift in the auction.
Despite strong growth, the company faces challenges in further improving the DAU to MAU ratio, particularly in mature markets.
The company does not accept political advertising, which limited potential revenue growth during election-related spending periods.
While third-party partnerships have been beneficial, the need for such demand is reduced as first-party business grows, potentially limiting future revenue streams from these partnerships.
Q: Bill, what are your key takeaways from 2024, and what are the biggest strategic priorities for 2025? A: 2024 was transformative, doubling our revenue growth rate to 19% and achieving record user engagement. For 2025, we aim to grow our user base, deepen engagement, and enhance ad performance through lower funnel product innovation. We will also continue to explore new demand sources and optimize our ad platform. - William Ready, CEO
Q: Can you discuss the impact of AI and machine learning on Pinterest's platform improvements for 2025? A: AI is integral to our platform, enhancing user experiences and ad performance. We've switched to GPU serving for better model performance and integrated LLM tech for features like guided search. AI also aids in coding, with 15% of our code base AI-generated. These advancements drive user engagement and advertising success. - William Ready, CEO
Q: What are the advertising trends and factors influencing the Q1 2025 revenue outlook? A: We expect 15% to 17% revenue growth in Q1, driven by lower funnel tools and increased advertiser value capture. New ad formats and bidding capabilities are gaining traction. While food and beverage remains a challenge, we're seeing early signs of recovery. - Julia Donnelly, CFO
Q: How have third-party partnerships contributed to Pinterest's growth, and what is their expected impact in 2025? A: Third-party partnerships have helped fill auction gaps, enhancing platform shoppability. While first-party demand leads, third-party demand complements it. As first-party business grows, reliance on third-party demand decreases, but our capability to ingest diverse demand remains strong. - William Ready, CEO
Q: How should we think about the impact of new ad products and features over the next few years? A: Our ad innovations, like Performance Plus, have a compounding effect over time. These products are in early stages, with more benefits ahead. Performance Plus, for example, shows a 20% CPA improvement and easier campaign setup, indicating long-term growth potential. - William Ready, CEO
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oklo Selected as Intended Awardee to Provide Clean, Reliable Power to Eielson Air Force Base in Alaska
Oklo Selected as Intended Awardee to Provide Clean, Reliable Power to Eielson Air Force Base in Alaska

Yahoo

time17 minutes ago

  • Yahoo

Oklo Selected as Intended Awardee to Provide Clean, Reliable Power to Eielson Air Force Base in Alaska

SANTA CLARA, Calif., June 11, 2025--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, has been issued a Notice of Intent to Award (NOITA) by the Defense Logistics Agency Energy (DLA Energy), on behalf of the Department of the Air Force (DAF) and the U.S. Department of Defense, to provide clean, reliable power through the deployment of an Aurora powerhouse at the Air Force installation selected for the project. This project serves as the DAF's microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure. The NOITA again designates Oklo as the apparent successful offeror following a comprehensive evaluation process. Under the terms of the anticipated agreement, Oklo would design, construct, own, and operate the power plant, delivering both electricity and heat to the DAF's preferred installation, Eielson Air Force Base in Alaska, under a long-term power purchase agreement. "This Notice of Intent to Award reflects continued confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure," said Jacob DeWitte, Co-Founder and CEO of Oklo. "We are honored to support national defense resilience objectives while demonstrating the value of U.S.-pioneered fast reactor technology." Oklo's Aurora powerhouse design leverages proven fast reactor technology to provide continuous, resilient energy that can operate independently from the grid—key attributes for energy security at remote installations like Eielson Air Force Base. About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel material from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories. Forward-Looking Statements This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "anticipate," "believe," "continue," "can," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the proposed acquisition, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the development and deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; risks related to acquisitions, divestitures, or joint ventures we may engage in; the potential need for financing to construct plants; market, financial, political and legal conditions; the effects of competition; risks related to accessing HALEU and recycled fuels; risks related to our supply chain; risks related to power purchase agreements; risks related to human capital; risks related to our intellectual property; risks related to cybersecurity and data privacy; changes in applicable laws or regulations; the outcome of any government and regulatory proceedings and investigations and inquiries; the risk that the acquisition of Atomic Alchemy fails to produce the expected benefits; and those factors in the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. View source version on Contacts Media and Investor Contact for Oklo: Bonita Chester, Head of Communications and Media at media@ Investor Contact: Sam Doane, Director of Investor Relations at investors@ Sign in to access your portfolio

Illicit Cigarettes in European Union at Highest Level Since 2015, KPMG Study Shows
Illicit Cigarettes in European Union at Highest Level Since 2015, KPMG Study Shows

Business Upturn

time18 minutes ago

  • Business Upturn

Illicit Cigarettes in European Union at Highest Level Since 2015, KPMG Study Shows

Stamford, Conn., United States: Smokers in the European Union (EU) consumed 38.9 billion illicit cigarettes in 2024, a 10.8% increase versus 2023, with serious repercussions for tax revenues, crime rates, and public health. France, the largest illicit market in Europe, reached 18.7 billion illicit cigarettes consumed last year, 37.6% of total consumption. Adding 10.2 ppt year-on-year, the Netherlands saw the largest increase in illicit cigarettes share, which doubled to 17.9% of total consumption. Countries such as Bulgaria, Greece, Italy and Portugal—andUkraine, outside the EU—have shown sizeable decreases in illicit consumption in 2024. Greece and Ukraine, in particular, saw as much as 30% declines vs. 2023. PMI calls for evidence-based regulation, predictable fiscal regimes, and strict law enforcement to address the roots of illicit trade while promoting economic stability and public health. Evidence shows that excessive tobacco control policies may be driving smokers to the black market. Philip Morris International Inc. (NYSE: PM) today issues an urgent call for effective policymaking to counter the growing threat of illicit trade in the EU. In 2024, 38.9 billion illicit cigarettes were consumed in the region—the highest level since 2015—accounting for 9.2% of total cigarette consumption, with governments losing as much as €14.9 billion in tax revenues at a time when many countries face intense economic pressures. PMI believes that exacerbating the issue are steep and abrupt tax increases, benefitting criminals who supply unregulated, untaxed and inferior products, including counterfeits, at a lower price. To combat this growing threat, PMI urges the adoption of evidence-based regulation with balanced and predictable taxation through tax calendars, continued public-private collaboration and enhanced support of regional and national law enforcement agencies, as criminal organizations dealing in illicit cigarettes have cemented their presence in higher-priced Western European countries. According to the 2024 KPMG study, commissioned by Philip Morris Products SA, a large number of counterfeit cigarettes were consumed in the EU in 2024: 15.3 billion, a 20.2% increase vs. 2023. Additionally, so-called 'illicit whites'—legally manufactured cigarettes smuggled across borders to countries where they have limited or no distribution—reached 8.2 billion. 'The illicit tobacco trade threatens the European economy, public health, security and social stability; today, higher-taxed and higher-priced markets such as France and the Netherlands are especially impacted by illegally imported and counterfeit goods,' said Christos Harpantidis, PMI's Senior Vice President, External Affairs. 'Its massive socioeconomic impact negatively affects tax collection, job creation, and legitimate businesses, the engine of our European economies. The availability of cheap, unregulated cigarettes in the underground economy also impairs efforts to reduce smoking rates and achieve a smoke-free future.' The 2024 KPMG report indicates the increase in illicit cigarette consumption was primarily driven by France and the Netherlands. The study points to an especially alarming situation in France, where 18.7 billion illicit cigarettes were consumed in 2024, almost 7.8 billion of which were counterfeits. In the Netherlands, illicit cigarette volumes increased drastically, by 1.1 billion—more than doubled in a year—reaching 17.9% of total consumption. Had these cigarettes been legally purchased, an additional €9.4 billion would have been raised in taxes in France and almost €900 million in the Netherlands. In contrast, countries such as Bulgaria, Greece, Italy and Portugal—and Ukraine, outside the EU—have made significant progress in curbing the illicit tobacco market. Greece, for instance, had a 6.2 ppt drop in illicit cigarette consumption in 2024, to 17.5%—the largest decrease the country has seen in a decade. 'Predictable tax regimes and robust support for local law enforcement actions have proven an effective policy recipe: We now know how to effectively counter the criminal entities that engage in the illicit manufacturing, distribution, and sale of consumer products. Other countries in the region should emulate that approach to get control over this dangerous trend,' said Massimo Andolina, PMI's President, Europe Region. 'This is the way forward if we are serious about defeating the illicit tobacco trade in our continent, which harms Europe's economies, undermines European competitiveness and growth, and opens the door to other criminal activities. Citizens cannot afford to be deprived of much-needed state revenues in this critical moment for Europe, which are being lost rather than applied to key issues such as defense, internal security, and social programs.' Illicit trade affects the whole of Europe Across the 38 European countries included in KPMG's study (the 27 EU member states, as well as Albania, Bosnia and Herzegovina, Kosovo, Moldova, Montenegro, North Macedonia, Norway, Serbia, Switzerland, Ukraine, and the United Kingdom), 52.2 billion illicit cigarettes were consumed in 2024, accounting for 10.0% of total consumption. Tax revenue losses amounted to an estimated €19.4 billion. Illicit cigarette volumes in the U.K. decreased by almost 0.8 billion in 2024, though illicit cigarettes as a share of total consumption remained stable. The U.K. is still the third-largest illicit market in Europe, with 5.9 billion illicit cigarettes consumed last year. Ukraine, in contrast,saw the largest decline in illicit consumption, with contraband and counterfeit volumes decreasing by 2.4 billion or 29% (vs. a 1.1 billion or 14% increase in 2023). This is the 19th consecutive year that KPMG has measured and reported on illicit cigarette consumption across Europe. Heated tobacco products For the first time, the KPMG study included in its scope the illicit consumption of heated tobacco products in selected European countries: the Czech Republic, Germany, Greece, Hungary, Italy, Lithuania, Poland, Romania, Spain, and the United Kingdom. The study reveals that contraband consumption stood at 0.4 billion sticks (the consumables used in heated tobacco devices) in 2024, representing 0.9% of total consumption. The highest contraband volumes were found in Germany (0.15 billion sticks) and Poland (0.08 billion), with the U.K. having the highest share (7.8%). To date, no counterfeit flows have been identified. 'Policymakers must recognize that repeating the policy mistakes that drive the illicit cigarette market when regulating smoke-free products—excessive and market-distorting taxation, extreme control measures such as bans, and inadequate law enforcement against illicit activities across the value chain—may and will lead to the same disaster we see today in the cigarette sector in countries adopting such policies, and that we are starting to see in countries banning the legal sale of smoke-free products,' said Andolina. — Illicit trade does not just affect the people who consume these products. It fuels ruthless criminal gangs, typically impacting the most vulnerable communities and populations. It deprives governments of critical revenues needed to fund public services, including security, defense and social services. And its proceeds facilitate other serious crimes such as human trafficking, corruption, and money laundering. For PMI, eliminating the illicit tobacco and nicotine trade has been a long-standing priority. The company implements preventive and protective measures and works with the public and private sectors to advance efforts to address this global issue. As PMI progresses on its commitment to deliver a smoke-free future—a future without cigarettes, by far the most harmful way to consume nicotine—it is increasing efforts to secure its supply chain and the products it sells and to protect consumers and its brands from smugglers and counterfeiters. PMI works closely with law enforcement agencies and other organizations worldwide to root out and shut down illegal activities, including counterfeiting and smuggling. A detailed overview of the results, country profiles and methodology of the KPMG study is available here. For more information about PMI's illicit trade prevention efforts, visit Note to editors Definitions of illicit cigarette categories, as detailed in the KPMG report: Counterfeit: 'Cigarettes that are illegally manufactured and sold by a party other than the original trademark owner.' Illicit whites: 'Cigarettes that are usually manufactured legally in one country/market but which the evidence suggests have been smuggled across-borders during their transit to the destination market under review where they have limited or no legal distribution and are sold without payment of tax.' C&C: 'Counterfeit and contraband, including illicit whites. Contraband refers to genuine products that have been either bought in a lower-tax country and which exceed legal border limits or acquired without taxes for export purposes to be illegally re-sold (for financial profit) in a higher priced market.' Other C&C: 'Other C&C comprises contraband which does not fall within the Illicit Whites definition. It is often Duty Paid product from both EU27 and non-EU27 countries. There may also be counterfeit of brands that are not trademark-owned by participant manufacturers.' Philip Morris International: A Global Smoke-Free Champion Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company's current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch, and e-vapor products. As of December 31, 2024, PMI's smoke-free products were available for sale in 95 markets, and PMI estimates they were used by 38.6 million adults around the world. The smoke-free business accounted for 42% of PMI's first-quarter 2025 total net revenues. Since 2008, PMI has invested over $14 billion to develop, scientifically substantiate, and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match's General snus and ZYN nicotine pouches and versions of PMI's IQOS devices and consumables – the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumablesand General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness and healthcare areas and aims to enhance life through the delivery of seamless health experiences. References to 'PMI', 'we', 'our', and 'us' mean Philip Morris International Inc., and its subsidiaries. For more information, please visit and View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.

Nvidia Ignites Quantum Stocks Rally With Bold Forecast at Paris Event
Nvidia Ignites Quantum Stocks Rally With Bold Forecast at Paris Event

Yahoo

time22 minutes ago

  • Yahoo

Nvidia Ignites Quantum Stocks Rally With Bold Forecast at Paris Event

June 11 - Quantum-focused stocks climbed in early trading Wednesday after Nvidia (NVDA) Chief Executive Jensen Huang said the sector is approaching a critical phase in its development. Speaking at the GTC conference in Paris, Huang said quantum computing is nearing an inflection point, citing growing progress in making the technology more applicable for real-world problems. He also highlighted Nvidia's Cuda Q platform, a quantum computing service introduced to support further industry growth, according to a Wednesday press release. Warning! GuruFocus has detected 3 Warning Signs with RGTI. Huang said quantum systems, which process data using qubits rather than traditional bits may soon be capable of tackling meaningful challenges across industries. IonQ (NYSE:IONQ) shares advanced about 4% following the remarks, while Rigetti Computing (NASDAQ:RGTI) rose 5%. Quantum Computing (NASDAQ:QUBT) jumped 8%, and both D-Wave Quantum (NYSE:QBTS) and Arqit Quantum (ARQQ) added nearly 3%. Huang's comments mark a shift in tone. In January, he said practical use cases for quantum computing were still decades away. But by March, he revised that outlook during Nvidia's first Quantum Day, suggesting faster progress than previously expected. Earlier this week, Nvidia said it partnered with IonQ, Amazon Web Services, and AstraZeneca to develop a quantum-enhanced workflow in computational chemistry. This article first appeared on GuruFocus.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store