Good morning, and welcome to Pinterest Inc.'s 2024 Annual Meeting of Stockholders. I would now like to introduce Ben Silbermann, the company's Non-Executive Chair.
Good morning, everyone. Welcome to our 2024 Annual Meeting of Stockholders. It's 8 A.M., and now I call the 2024 Annual Meeting of Stockholders to order. I'll now turn it over to Bill Ready, Pinterest's CEO.
Thank you, Ben. Welcome to all of you, and thank you for joining our 2024 annual meeting. We are joined today by members of the Pinterest Board of Directors and the following members of the Pinterest team: Julia Donnelly, CFO, and Wanji Walcott, Chief Legal and Business Affairs Officer and Corporate Secretary. Kat Perrine and Will Young, representatives from Ernst & Young, our independent registered public accounting firm, are also present and will be available to respond to appropriate questions later in the meeting. We are also joined by Trish Hodson, the Inspector of Elections. In accordance with our bylaws, Ben Silbermann will act as chairperson of this meeting, and Wanji Walcott, our Chief Legal and Business Affairs Officer and Corporate Secretary, will act as Secretary of the meeting and record the minutes.
Before we proceed to the formal portion of the meeting, I will provide an update on our business and performance. We had a transformative year in 2023. Despite macroeconomic challenges and uncertainty around the outlook for digital advertising, we rallied behind a strategy that works, growing users, deepening engagement, and improving monetization, which enabled us to grow through the downturn and achieve double-digit revenue growth in the back half of 2023. As a result, we achieved strong growth in 2023. Pinterest delivered $3 billion in full-year revenue for the first time ever, up 9% year-over-year, with an all-time high of 498 million monthly active users as of the end of 2023, up 11% versus 2022.
In Q1 of this year, we accelerated our progress against our strategic priorities, growing users and engagement, creating value for advertisers through our lower funnel solutions, and continuing to deliver profitable growth through operational efficiency. Investing in our core differentiators has led to our best product market fit in years. Global MAUs surpassed 500 million for the first time, reaching another all-time record of 518 million, growing 12% year-over-year. Q1 revenue of $740 million grew 23% year-over-year. After five years as a public company, we are stronger and more efficient than ever before. I'm grateful for our talented employees, as well as our users, advertisers, partners, and stockholders for their ongoing support and continued belief in our mission. It's an exciting time, and I am confident that the future of Pinterest is brighter than ever.
I will now turn the meeting over to Wanji Walcott, who will conduct the formal portion of this meeting.
Thanks, Bill, and hello, everyone. Thank you again for joining us today. I'm Wanji Walcott, Chief Legal and Business Affairs Officer of Pinterest. Today's virtual-only meeting is a live audio webcast. We believe it is important to engage with our stockholders, and we hope that this virtual meeting will maximize participation regardless of location. In addition, having a virtual meeting enables us to reach a larger audience while reducing our costs and environmental impact. Thank you very much to those who are participating in our meeting today. I'm going to cover the formal business of today's meeting, which is described in our proxy statement for this meeting. This meeting will be conducted in accordance with the rules of conduct, which are in place to ensure a fair and orderly meeting for all stockholders in attendance.
You can access these rules in the Meeting Materials section of the virtual meeting website. We ask that participants abide by these rules and thank you for your cooperation. The polls opened at the beginning of the meeting, and we will close the polls on all matters immediately after the presentation of today's proposals. All Pinterest stockholders entitled to vote at this meeting can do so online. If you are a stockholder entitled to vote and have not yet voted, or if you want to change your previously cast vote, please do so via the website used to access this meeting. If you've already voted by proxy and do not wish to change your vote, your vote will be cast as previously instructed and no further action is necessary.
After the presentation of today's proposals, we will announce the preliminary voting results and adjourn the formal part of the meeting and open it up to a general Q&A session. Confirmed stockholders, as of the record date, may submit questions at any time during this meeting by typing in the box provided on today's virtual meeting platform. As stated in the rules of conduct, due to time constraints, we ask that you limit yourself to two questions and restrict your questions to matters of general interest to our stockholders. We will answer as many questions as time permits. Broadridge Financial Solutions, our proxy service provider, has indicated by affidavit that the notice of Internet availability of the proxy materials was mailed to all stockholders of record at the close of business on March 27, 2024, the record date for this meeting.
The affidavit, together with copies of the notice of Internet availability of proxy materials, the proxy statement, and the proxy will be filed with the minutes of this meeting. Trish Hodson has been appointed as the Inspector of Election. She has signed an oath of office promising to execute faithfully the duties of the Inspector of Election. The oath of office will be filed with the minutes of this meeting. The Inspector of Election has determined that a sufficient number of shares entitled to vote at this meeting are present, in person or by proxy, to constitute a quorum, and we may proceed with the business of the meeting. The first item of business is the election of the three directors as set forth in Proposal One in the proxy statement.
Fredric Reynolds, Scott Schenkel, and Andrea Wishom have been nominated by our board of directors to serve as Class II Directors until our 2027 annual meeting of stockholders, or until their respective successors are duly elected and qualified, or their office is otherwise vacated. The board recommends that you vote for the election of each director nominee. The second item of business is our Say on Pay vote, described in Proposal 2 in the proxy statement, which is an approval on a non-binding advisory basis of the compensation of our named executive officers. The board recommends for the approval of our Say on Pay vote. The third item of business in our proxy statement is to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2024.
The board recommends that you vote for the appointment of Ernst & Young. I'll pause to check if there are any questions related to the company's proposals or for Ernst & Young representatives here today. There appear to be no questions related to the proposals or for Ernst & Young. I will now pause for a moment in case there are any additional votes being cast. It is now 8:08 A.M., and the polls are now closed. Based on the preliminary review of the votes, the Inspector of Elections has informed me that all director nominees have been elected. Each of Proposals Two and Three has been approved as per the board's recommendations. We plan to publicly announce the official voting results in a Form 8-K after all verifications have been completed by the inspector. This concludes the formal business of the meeting.
Before I moderate the general Q&A, I would like to remind you that some of our comments today may include forward-looking statements, which are subject to the risks and uncertainties described in our SEC filings. We may also discuss certain non-GAAP financial measures. Please refer to our investor relations website, located at investor.pinterest.com, for more information. Now we'll take any questions. It appears that at this time there are no questions. We value our stockholders and their feedback, and now I'd like to turn it back over to Bill.
This concludes today's meeting. Thank you for attending and for your interest in Pinterest. On behalf of our board and our leadership team, I'd like to thank you for your continued support.
The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.