Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021.
Pinterest reported 518 global monthly active users (MAUs) for the first quarter, up 12% year over year.
In its first-quarter release, Pinterest CEO Bill Ready said the company is driving greater returns for advertisers because of its investments in AI and shoppability.
Meta , Snap and Google parent Alphabet all reported first-quarter results last week that exceeded analysts' estimates for revenue.
For its second quarter, Pinterest expects to report revenue between $835 million and $850 million, which equates to growth of 18% to 20% year over year.
Persons:
Pinterest, MAUs, StreetAccount, Bill Ready
Organizations:
Digital