The revenue of Pinterest increased 12% to $981 million in Q4, 2023, and ad earnings surged due to an 11% increase in global monthly active users to reach a high of 498 million. Pinterest expects a growth of 15-17% year-over-year for the first quarter of 2024 and forecasts revenue to be in the range of $690 million to $705 million. CEO Bill Ready emphasized that user and advertiser interests align, and they have achieved an all-time high for global monthly active users.

source: Pinterest revenue rises 12% as monthly active users reach all-time high

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