Pinterest reported strong Q2 2024 financial results with revenue increasing 21% year-over-year to $853.7 million, driven by growth in demand from conversion and consideration objectives. Monthly active users (MAUs) grew 12% to 522 million, while global average revenue per user (ARPU) increased 8% to $1.64. The company achieved net income of $8.9 million, compared to a net loss of $34.9 million in Q2 2023.Operating expenses rose to $875.1 million, with research and development costs increasing 16% to $312.8 million and sales and marketing expenses up 9% to $265.4 million. Share-based compensation expense grew to $196.4 million, reflecting continued investments in talent retention. The company maintained a strong balance sheet with $2.74 billion in cash, cash equivalents and marketable securities.Looking ahead, Pinterest continues to focus on improving user engagement and monetization through investments in relevance, personalization and advertising capabilities. The company's stock repurchase program has $965.6 million remaining authorization, demonstrating confidence in its long-term growth prospects. Management highlighted opportunities in expanding full-funnel advertising solutions and international markets while navigating macroeconomic uncertainties.

Pinterest reported strong Q2 2024 financial results with revenue increasing 21% year-over-year to $853.7 million, driven by growth in demand from conversion and consideration objectives. Monthly active users (MAUs) grew 12% to 522 million, while global average revenue per user (ARPU) increased 8% to $1.64. The company achieved net income of $8.9 million, compared to a net loss of $34.9 million in Q2 2023.Operating expenses rose to $875.1 million, with research and development costs increasing 16% to $312.8 million and sales and marketing expenses up 9% to $265.4 million. Share-based compensation expense grew to $196.4 million, reflecting continued investments in talent retention. The company maintained a strong balance sheet with $2.74 billion in cash, cash equivalents and marketable securities.Looking ahead, Pinterest continues to focus on improving user engagement and monetization through investments in relevance, personalization and advertising capabilities. The company's stock repurchase program has $965.6 million remaining authorization, demonstrating confidence in its long-term growth prospects. Management highlighted opportunities in expanding full-funnel advertising solutions and international markets while navigating macroeconomic uncertainties.