Key takeout
- Pinterest shares climbed 9% during intraday trading on Friday, following a report indicating global monthly active users exceeded both first-quarter revenue and estimates.
- The number of monthly active users surged 10% year-on-year, hitting a record 570 million.
- Pinterest’s stock rose by as much as 4% on Friday.
Pinterest (PINS) saw a 9% increase in its stock price on Friday’s intraday trading. This surge came after the social media platform released figures showing that global monthly active users surpassed the revenue estimates and reports for the first quarter.
The company posted earnings per share (EPS) of $0.01, with revenues increasing by 17% from the previous year to $855 million when adjusted for currency fluctuations. Analysts had anticipated a slight loss of a penny per share and revenue around $846.9 million. Ultimately, the EPS of $0.23 fell short of expectations.
In San Francisco, the increase in monthly active users reached an impressive 10%, achieving a total of 570 million and surpassing the predicted count of 563.4 million.
Q2 Revenue Forecast Exceeds Estimates
Pinterest is anticipating its revenue for the second quarter to be between $960 and $980 million, which reflects a growth of 12% to 15%. This midpoint projection exceeds the visible alpha consensus of $964.2 million.
“Our business fundamentals are strong, and we continue to experience healthy growth,” stated Pinterest CEO Ready. “Our advancements in AI enable users to take action and make more intentional shopping choices.”
Pinterest shares saw an increase of up to 4% on Friday.
Updated – May 2025: This article has been refreshed, and stock prices have been adjusted.
