From Nasdaq: 2024-05-05 00:05:41

Pinterest (NYSE: PINS) shares soared 19% this week after a strong first-quarter earnings report. Revenue increased 23% to $740 million, with a 12% growth in monthly active users. Adjusted EBITDA improved to $112.9 million, and EPS rose to $0.20. Pinterest expects 18%-20% revenue growth in Q2, reaching $835-$850 million. With a focus on AI and shoppability, the company aims to attract more advertisers. Analysts see Pinterest as a unique social media property with potential for steady growth. Consider investing after weighing all factors. (Word count: 85)



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