Pinterest Stock Soars on Higher-Than-Estimated Revenue, Record Monthly Users | Global News Avenue

Pinterest Stock Soars on Higher-Than-Estimated Revenue, Record Monthly Users
Key Points
Pinterest shares jumped more than 20% in Friday’s listing trading, the day after the social media service reported record monthly active users and fourth-quarter revenue.Pinterest had a record 553 million global monthly active users in the fourth quarter, up 11% year-on-year. Citi analysts insist on its “buy” rating, saying they firmly believe the platform is on the road to “always confrontation, performance platforms.”
Pinterest(pinOn Friday, the day after social media services reported monthly active users and fourth-quarter revenue, stocks grew more than 20% in Friday’s listing trading.

The company reported revenue exceeded $1 billion for the first time, at $1.15 billion, up 18% year-on-year, and summarized consensus estimates than the visible Alpha. It is also higher than fourth-quarter revenue $1.12 billion to $11.45 billion The company is expected to last quarter.

Adjustment Earnings per share (EPS) Expected $0.65 for $0.56.

Pinterest had a record 553 million global monthly active users in the fourth quarter, up 11%.

“Our strategy is paying off,” said Bill Ready, CEO of Pinterest. “People often come to Pinterest, which is never something that can be taken, and the focus of our lower funnel is to bring results for users and advertisers. ”

Pinterest’s Q1 revenue ranged from $837 million to $852 million
Pinterest, there roll out Artificial Intelligence (AI) The advertiser’s tool expects it to earn between $837 million and $852 million in the first quarter, with the midpoint of the point below the visible Alpha consensus.

Citi analysts reiterated their “buy” call on Friday, saying the results gave them “more convinced that Pinterest is early in the transition to an always-on performance platform.”

Pinterest shares rose 22% in the former market and have fallen nearly 20% in the past 12 months by the end of Thursday.