Focus Social platforms: Focus Social platforms Pinterest Predicts 20% Revenue Jump as Q1 Earnings Beat Estimates

Focus Social platforms

Pinterest Predicts 20% Revenue Jump as Q1 Earnings Beat Estimates (2 minutes read)

Pinterest stock surged 18% post Q1 results which outperformed analysts' predictions, marking the most significant revenue growth since 2021. The firm's Q1 revenue upped by 23% to $740 million while the net loss decreased to $24.8 million compared to $208.6 million, a year ago. The company also reported an increase in global monthly active users, driven by Generation Z. For Q2, Pinterest forecasts revenue of $835-$850 million, surpassing analyst expectations of $827 million.

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