![[CNBC] Pinterest shares rocket 20% on strong revenue and user growth](https://media.nbcnewyork.com/2025/02/107408063-1714479889650-gettyimages-1574152075-Omarques_03082023_techPOL_11_of_16.jpeg?quality=85&strip=all&resize=320%2C180)
- Pinterest shares rallied 19.1% after the company beat Wall Street's fourth-quarter revenue estimates and signaled strong user growth.
- Global monthly active user figures surpassed estimates, showing 11% growth from a year ago.
- The results come amid a flurry of strong earnings reports from social media companies, including Snap and Meta Platforms.
Pinterest shares surged 19.1% after the company beat Wall Street's fourth-quarter sales estimates and showed robust user growth from a year ago.
The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year growth.
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WATCH HEREAlong with the revenue beat, the company offered an upbeat sales outlook. Pinterest said it expects revenues of between $837 million and $852 million during the first quarter, versus LSEG's estimate of $833 million.
"Our strategy is paying off," Pinterest CEO Bill Ready said in a statement. "People are coming to Pinterest more often, the platform has never been more actionable and our lower funnel focus is driving results for users and advertisers."
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SIGN UP Global monthly active user figures also surpassed estimates, showing 11% growth from a year ago. Pinterest reported 553 million users during the period, versus the 547.4 million expected by Wall Street. Revenue per user also topped estimates.
Money Report
The results come amid a flurry of strong earnings reports from social media companies in recent weeks. Snap shares surged after the bell Tuesday on better-than-expected results, while Meta Platforms recently topped results and reaffirmed plans for heavy artificial intelligence spending.
Following Pinterest's report, Bernstein analyst Mark Shmulik upgraded shares to outperform from a market perform rating, saying that the company delivered on its "show me story."
"It's possible that this quarter was a one-off, though we see enough evidence in execution to believe the pace of progress is sustainable," he wrote.
