Key insights
- Pinterest's Q1 earnings beat expectations, with revenue up 18% year-over-year. The company's Q2 revenue guidance of $1.13-$1.15 billion exceeded Wall Street estimates of $1.11 billion, driving a 17% surge in the stock price. This positive performance in the social media sector could signal increased advertising spending and improved consumer engagement, potentially benefiting other companies in the space.
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