Upon its release, Pluto received generally positive reviews from music critics. It debuted at number eight on the U.S. Billboard 200 and sold 41,000 copies in its first week. As of April 2014, the album had sold over 365,000 copies, according to Nielsen SoundScan.
The official remix of "Magic" featuring T.I. was released as the album's third single on January 24, 2012. The music video of the remix was released on January 31, 2012 and this track was also included on his mixtape True Story. "Magic" peaked at number 69 on the U.S. Billboard Hot 100, number 10 on the U.S. Hot R&B/Hip-Hop Songs chart, and number 13 on the U.S. Rap Songs chart.
"Same Damn Time" was sent to radio as the album's fourth single on March 24, 2012. The single's music video was released on April 4, 2012. This track was first included on his mixtape Streetz Calling. The official remix of "Same Damn Time" was released on May 17, 2012, featuring rappers Diddy and Ludacris. The music video of the remix was released on July 22, 2012. It peaked at number 92 on the U.S. Hot 100, number 12 on the U.S. Hot R&B/Hip-Hop chart, and number 16 on the U.S. Rap Songs chart.
The album's fifth single, "Turn On the Lights" was released on April 13, 2012. It peaked at number 50 on the U.S. Hot 100, number two on the U.S. R&B/Hip-Hop Songs chart, number four on the U.S. Rap Songs chart, and number one on the Heatseekers Songs chart, making it the album's most successful single to date. It was announced that Future scored the number one spot on the Mediabase Urban Mainstream chart for his Mike Will-produced single, "Turn On the Lights". It's also his most successful song on the latter three charts, and his most successful single as a lead artist. The official remix of "Turn On the Lights" features Lil Wayne. In April, Future received a plaque for his "Turn On the Lights" single going Gold.
Pluto received generally positive reviews from music critics. At Metacritic, which assigns a normalized rating out of 100 to reviews from mainstream critics, the album received an average score of 68, based on 10 reviews. David Jeffries of AllMusic called it "fat and redundant at 15 tracks, but it delivers whenever you desire that purple and woozy, Cudi-meets-Khalifa flavor", and wrote that "Future comes off as a memorable name in spite of his narrow style."Pitchfork Media's Jordan Sargent wrote that, "though it will sound instantly recognizable, his personality, voice, and skewed take on pop-rap make it instantly different." Andrew Nosnitsky of Spin called its songs "so well-defined" with "more advanced experiments" than Future's previous mixtapes and stated, "The more adventurous listener might wonder what he could accomplish if he broke free of his genre's gravitational pull entirely."
In a mixed review, Alex Macpherson of Fact found the album too conventional, calling it "template rap", and stated, "Both Future's drugged-out vocal style and the chintzy production, so arresting in isolation, become wearying". Evan Rytlewski of The A.V. Club called Pluto a "sporadically engrossing, frequently frustrating curiosity" and commented that it "is a more compelling listen than an album with so many atrocious lyrical turns has any right to be."MSN Music's Robert Christgau gave the album a two-star honorable mention, He cited "Turn On the Lights" and "Permanent Scar" as highlights and quipped, "The truth is, his Auto-Tunedflow has more future in it than his intermittently interplanetary rhymes".
Chris Richards of The Washington Post placed the album at number four on his list of the top-10 albums of 2012.The New York Times' Jon Caramanica included the album in his top-10 albums list, ranking it at number nine. Jody Rosen of Slate placed the album at number one on his top-20 albums list for 2012.Spin ranked the album number 11 on its list of 50 Best Albums of 2012. The album was listed 34th on Stereogum's list of top 50 albums of 2012.Consequence of Sound ranked the album number 36 on its list of top-50 albums of the year.Pitchfork Media placed the album at number 37 on its list of 50 Best Albums of 2012.
The album was re-released, titled Pluto 3D, on November 27, 2012. The new edition featured three new songs and two remixes. During the following week of the re-release, Pluto rose to number 75 on the US Billboard 200, selling 11,000 copies.