BUZZ-Pinterest jumps as Q1 revenue forecast tops estimates
ReutersFeb 7, 2025 1:29 PM
Image-sharing platform Pinterest's PINS.N shares rise 21.5% to $40.80 premarket
On Thursday, co forecast Q1 FY25 rev between $837 mln and $852 mln, above analysts' est of $832.8 mln - data compiled by LSEG
Co posted Q4 rev of $1.15 bln, above analysts' est of $1.14 bln, driven by strong holiday shopping season traffic and higher advertising revenue from its AI-powered ad tools
Co's global monthly active users are at an all-time high of 553 mln, exceeding estimates of 545.8 mln
However, co reported Q4 adj profit of 56 cents/share, below analysts' est of 65 cents/share, hurt by certain tax adjustments
PINS fell ~22% in 2024
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