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Pinterest (NYSE:PINS) shares advanced roughly 9% on Friday morning after the company posted first-quarter results that beat forecasts on revenue and user additions.
Revenue climbed to $855 million, marking a 17% increase from the same period last year when adjusted for currency shifts. That figure topped analysts' projections of around $847 million. The firm also recorded a modest profit of $0.01 per share, slightly ahead of expectations for a small loss. However, its adjusted earnings per share of $0.23 came in below estimates.
The platform added new users at a faster-than-expected pace. Global monthly users reached 570 million, up 10% year over year, exceeding the forecast of 563 million.
Pinterest expects second-quarter revenue to fall between $960 million and $980 million, implying mid-teens percentage growth. The midpoint of this outlook is slightly above current market estimates.
CEO Bill Ready pointed to solid engagement and continued expansion of AI-driven features that aim to connect users with personalized shopping ideas.
Pinterest shares, which had been down 4% in 2025 prior to Friday, are now headed for one of their largest single-day gains this year.
This article first appeared on GuruFocus.