Pinterest Q3 2024 Report is here and it shows a solid increase in revenue, and reaching a new record high in usage.
First off, on active users, Pinterest added 15 million more users in Q3, taking it to 537 million MAU.
It took a little while to recover, but Pinterest has now well surpassed those COVID highs, and is on the way building a more solidified foundation for ongoing success.
The only concern here is that Pinterest’s growth remains relatively stagnant in the U.S. and EU, which are its key revenue markets. As you can see in the chart below, Pinterest is generating significantly more revenue from users in these two regions, so that fact that it’s not growing its audience reach here could impact its ad potential. It’s still growing its ad business in other markets, which will offer future value. But right now, it’s not gaining in any significant way in the regions that matter most in this respect.
In terms of overall revenue, Pinterest brought in $898 million for the quarter, representing 18% growth year-over-year.
Pinterest’s research and development costs have increased by almost 25% this year, and it’s expecting them to continue to increase heading into the end of the year.
Overall, the indicators for Pinterest Q3 2024 report are good, with improving results, and steadily increasing engagement.
Pinterest Q3 2024 report Pinterest Q3 2024 report Pinterest Q3 2024 report Pinterest Q3 2024 report
How did you find this article, please leave your comments below. Your comments inspire us to curate better content day-by-day. Also, if you want to learn more about Digital Marketing and the services, that we offer, please do visit our website, made with a lot of love and research in the realm of Digital Marketing.
If you like our content, please follow us on Instagram.
Lights.Camera.Social is a full fledged Digital Creative Agency offering the following services –
- Social Media Marketing
- Search Engine Optimisation
- Email Marketing
- SMS Marketing
- Website design and development
- Branding
- Pay Per Click Advertising
- Digital Strategy
- Content curation & Marketing
For more details, please email us at hi@lightscamerasocial.com