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Pinterest Stock Soars as Revenue, Users Beat Expectations


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Pinterest stock is higher Friday after the social media site beat revenue and user expectations for its fourth quarter. Here's what you need to know.

Pinterest's stock surged after the company reported better-than-expected earnings for the first quarter, with revenue and user growth exceeding Wall Street's forecasts. The social media platform, known for its visual discovery engine, saw its revenue climb to $602.6 million, surpassing the anticipated $593.7 million. Additionally, Pinterest's global monthly active users increased by 7% year-over-year to 463 million, driven by enhancements in personalization and the introduction of new features like the collage tool. The company also reported an adjusted earnings per share of 8 cents, beating the expected 5 cents. This performance reflects Pinterest's ongoing efforts to improve user engagement and monetize its platform more effectively, leading to a positive market response.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/pinterest-stock-soars-as-revenue-users-beat-expectations ]

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