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How much does Pinterest actually make?

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I agree that $45mm run rate sounds very high for Pinterest at this juncture. $10 per registered user per month is borderline delusional.

Pinterest caught heat a few months ago for not disclosing that they were hijacking links: http://llsocial.com/2012/02/pinterest-modifying-user-submitted-pins/

I agree with Joyce that there's no way they're anywhere close to $45mm / year in revenue. Not yet at least.

Great answer to the question of how Pinterest could make money: http://www.quora.com/Pinterest/How-does-Pinterest-generate-revenue/answer/Josh-Yang

Has Pinterest ever publicly stated how much they're making?

I can't find anything on the record.

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