Pinterest surges 17% after earnings beat as company posts strong guidance

Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 17% after the report. Here's how the company did, compared to analysts' consensus estimates from LSEG: Earnings per share : 27 cents adjusted vs. 23 cents expected Revenue : $1.01 billion vs. $966 million expected 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. The company said adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA, for the second quarter will come in between $256 million to $276 million. Analysts were expecting $261 million in EBIDTA for the second quarter. Pinterest's first-quarter EBIDTA came in at $207 million, ahead of analysts' estimates of $176 million. The social media company's global monthly active users for the first quarter increased 11% year-over-year to 631 million, in line with analyst's estimates. …