Reported about 14 hours ago
Pinterest shares surged 13% in premarket trading after the company reported better-than-expected first-quarter revenue and monthly user growth. Monthly active users increased by 10% year-over-year to a record 570 million, while revenue climbed 17% to $855 million. The company forecasts second-quarter revenue between $960 million and $980 million, indicating strong fundamentals and growth, particularly with the introduction of AI tools for advertisers.
Source: YAHOO