Pinterest Inc. (PINS) reported its first-ever $1 billion revenue quarter for Q4 2024, with revenue reaching $1.15 billion, marking an 18% year-over-year increase. The company also recorded a monthly active user base of 553 million, up 11% from the previous year. Pinterest's Performance+ advertising tool has contributed to improved ad performance since its launch in Q2 2024. Looking ahead, Pinterest expects Q1 2025 revenue growth of 13-15% year-over-year, or 15-17% on a constant currency basis. Following the earnings report, shares of Pinterest surged 18% in premarket trading, with analysts at Cantor Fitzgerald maintaining an overweight rating and raising the price target to $48.