From Nasdaq: 2024-05-01 11:36:20

Shares of Pinterest (NYSE: PINS) surged 19% after beating revenue expectations in Q1 2024 with $740 million, up 23% YoY. CEO Bill Ready praised it as the fastest growth since 2021, expecting 18-20% YoY revenue growth in Q2. Partnerships with Amazon and Alphabet are proving profitable, capturing a larger share of advertising budgets.

While Pinterest operates at a net loss due to stock-based compensation, it generates positive cash flow and anticipates future growth. The Motley Fool Stock Advisor team did not list Pinterest among their top 10 stock picks, suggesting other potential high-return investments. Pinterest board members include executives from Alphabet and Amazon, with The Motley Fool also holding positions in these companies.

In conclusion, Pinterest’s strong revenue growth, active user expansion, and successful partnerships with tech giants position it for future success, despite current financial challenges. Investors should weigh this potential against other top stock picks recommended by experts for maximum returns in the market.



Read more at Nasdaq: Why Pinterest Stock Skyrocketed on Wednesday