Pinterest reports Q1 adjusted EPS 20c, consensus 13c

Reports Q1 revenue $740M, consensus $699.87M. Global Monthly Active Users increased 12% year over year to 518 million. “Q1 was a milestone quarter for Pinterest as we reached new highs: surpassing half a billion monthly active users and reporting 23% revenue growth – our fastest user and revenue growth since 2021,” said Bill Ready, CEO of Pinterest. “Thanks to our investments in AI and shoppability, we’re driving even greater returns for advertisers and gaining access to performance budgets. We’re executing with tremendous clarity and focus, shipping new products and experiences that users want, and in doing so, we’re finding our best product market fit in years.”