PINS - Pinterest's AI Investments Are Paying Off: Shares Surge On Q1 Earnings Beat | Benzinga
Pinterest Inc (NYSE:PINS) reported first-quarter financial results after the market close on Tuesday. Here’s a rundown of the report.
Q1 Earnings: Pinterest’s first-quarter revenue increased nearly 23% year-over-year to $740 million, which beat the consensus estimate of $699.872 million, according to Benzinga Pro. The company reported a loss of 4 cents per share, which beat analyst estimates for a loss of 9 cents per share.
Pinterest’s global monthly active users increased 12% year-over-year to an all-time high of 518 million. Average ...