Where Will Pinterest Be in 1 Year?
Pinterest (NYSE: PINS) posted its first-quarter earnings report on Wednesday, April 27. The social media company's revenue rose 18% year over year to $575 million, which beat analysts' expectations by more than $2 million. Its adjusted net income dropped 12% to $69 million, or $0.10 per share, but still exceeded analysts' estimates by $0.06.
The platform's total monthly active users (MAUs) fell 9% year over year to 433 million, marking its second straight quarter of year-over-year declines. However, it still gained 2 million MAUs sequentially, which finally ended a three-quarter streak of quarter-over-quarter declines.
Image source: Pinterest.
Source Fool.com
