Pinterest has achieved significant growth milestones in Q3 2024, adding 15 million new users and posting strong revenue figures, marking a substantial improvement from previous quarters.
Growth Metrics
Key performance indicators include:
- 537 million monthly active users (MAU)
- 15 million new users added in Q3
- $898 million quarterly revenue
- 18% year-over-year revenue growth
- 13% ARPU increase in US & Canada ($7.31)
- 5% global ARPU growth
Market Performance
Regional developments show:
- Plateau in US and EU markets
- Expanding ad opportunities in emerging markets
- Growing international revenue streams
- Diversified market approach
Platform Enhancements
Recent improvements include:
- AI-powered Body Type Filters
- Enhanced ad creation tools
- Expanded shopping features
- Improved product display options
- Digital matching capabilities
The platform's focus on shopping features and AI integration continues to drive user engagement and revenue growth, particularly in developing markets.
