Pinterest Inc., the image-sharing company, reported fourth-quarter results that beat Wall Street’s estimates, sending its shares soaring 19.1%. The company’s global monthly active user base grew 11% year-over-year to 553 million users, exceeding analyst expectations.
Revenues reached $1.15 billion, representing an 18% year-over-year growth rate, and topped analysts’ estimates of $1.14 billion. Pinterest also provided a positive sales outlook for the first quarter, with revenue guidance between $837 million and $852 million.
CEO Bill Ready praised the company’s strategy, saying it is paying off as users return to the platform more frequently and advertisers benefit from its lower funnel focus. The strong earnings report comes amid a series of successful reports from other social media companies, including Snap and Meta Platforms.
Source: https://www.cnbc.com/2025/02/07/pinterest-shares-rocket-20percent-on-strong-revenue-and-user-growth.html