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"When I came into Pinterest, I set out to prove a business model for social media centered on positivity rather than engagement through conflict," Ready explained. "We are winning by delivering positivity and actionable content, which is why users keep returning." This approach has resonated particularly well with Gen Z.
PINS earnings call for the period ending March 31, 2024.
Total revenues increased nearly 23% on a year-over-year basis. Pinterest's global monthly active users increased 12% year-over-year to an all-time high of 518 million. Average revenue per user grew 10% year-over-year to $1.46.
Q1 Revenue of $740 million, an increase of 23%, nearly doubling growth rate from prior quarter Record 518 million global monthly active users, an increase of 12% ...