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NetEaseNTES |
26.2B 2.8% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 898M | 21.4% |
| Gross Profit | 711M | 27.2% |
| Cost of Revenue | 187M | 3.5% |
| Operating expense | 717M | 16.9% |
| Net Income | 31M | 223.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.49B | 4.8% |
| Total Liabilities | 597M | 14.2% |
| Total Equity | 2.89B | 8% |
| Shares Outstanding | 678M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 30M | 91.6% |
EPS
Financial Highlights for Pinterest in Q3 '24
Pinterest reported a revenue of 898M, which is a 21.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 711M, marking a 27.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 187M, a 3.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 717M, showing a 16.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 31M, showing a 223.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Pinterest with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
