Pinterest Posts Strong Q1 Results, Forecasts Higher Revenue for Q2

Shares of Pinterest surged following a robust first-quarter performance, with revenue and user growth exceeding expectations.

Pinterest reported a 23% increase in Q1 revenue year-over-year, reaching $740 million, surpassing Wall Street estimates.
The company projects Q2 revenue to be between $835 million and $850 million, above analysts' expectations.
Global monthly active users (MAUs) rose 12% to 518 million, indicating strong platform engagement.
Significant ad revenue contributions came from partnerships with major companies like Amazon and Google.
Pinterest's focus on AI-driven ad tools and new ad formats has enhanced user engagement and advertiser returns.