From CNBC: 2025-02-07 09:35:10

Pinterest shares soared 20% after surpassing fourth-quarter sales estimates and demonstrating strong user growth. The company reported revenues of $1.15 billion, beating analyst expectations of $1.14 billion, marking an 18% year-over-year increase. Pinterest also provided a positive sales outlook for the first quarter, expecting revenues between $837 million and $852 million.

CEO Bill Ready credited the company’s strategy for the success, noting an increase in user engagement and effectiveness for both users and advertisers. Global monthly active users reached 553 million, exceeding Wall Street estimates of 547.4 million, with revenue per user also surpassing expectations.

The positive results align with strong earnings reports from other social media companies, including Snap and Meta Platforms. Snap shares rose after better-than-expected results, while Meta Platforms exceeded expectations and confirmed plans for significant artificial intelligence investment.



Read more at CNBC:: Pinterest shares rocket 20% on strong revenue and user growth