Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 17% after the report.
Sales in Pinterest’s first quarter rose 18% year-over-year while the company posted a net loss of $73.59 million, a loss of 12 cents per share. A year ago, the social media company posted net income of $8.92 million, or 1 cent per share.
Pinterest said second-quarter revenue should come in the range of $1.13 billion to $1.15 billion, which is higher than the $1.11 billion that Wall Street was projecting.
https://www.cnbc.com/2026/05/04/pinterest-pins-q1-earnings-report-2026.html
Pinterest surges 17% after earnings beat as company posts strong guidance
byu/app1310 inStockMarket
Posted by app1310
2 Comments
Love how a company can be losing money per share, literally going from positive to negative by a factor of 12X, can shoot up 16% because it had better earnings. It’s like people giving me more money because I can spend it at a faster burn rate. This market is full meme mode at this point.
It was calls all day. They’re growing 50%+ internationally and its often cited by AI. Their AEO is great. Not a user but my wife is. Bought calls Friday.