Bill Reddy, CEO of Pinterest, speaks at the 28th Milken Institute Global Conference at the Beverly Hilton on May 5, 2025 in Beverly Hills, California.
Patrick T. Fallon | AFP | Getty Images
pinterest First-quarter profits announced Monday exceeded sales and bottom line. The stock price soared 15% following the news.
Here’s how the company performed compared to LSEG’s analyst consensus forecasts:
Earnings per share: 27 cents adjusted, 23 cents expected; Revenue: $1.01 billion, $966 million expected.
Pinterest’s first quarter revenue increased 18% year-over-year, but its net loss was $73.59 million, or 12 cents per share. A year ago, the social media company posted net income of $8.92 million, or 1 cent per share.
Pinterest said second-quarter revenue should be in the range of $1.13 billion to $1.15 billion, higher than the $1.11 billion that Wall Street had expected.
The company said it expects second-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBIDTA) of $256 million to $276 million. Analysts had expected second-quarter EBIDTA of $261 million.
Pinterest’s first-quarter EBIDTA was $207 million, beating analyst expectations of $176 million.
The social media company’s global monthly active users rose 11% year over year to 631 million in the first quarter, in line with analyst expectations.
Average global revenue per user in the first quarter was $1.61, beating Wall Street expectations of $1.54.
The company announced in February that it paid approximately $465.1 million, primarily in cash, to acquire tvScientific, which specializes in connected TV advertising analytics.
Pinterest CEO Bill Ready told analysts on an earnings call that the acquisition is aimed at “extending Pinterest’s unique consumer intent, signals and audience beyond our owned and operated properties to power high-performing CTV campaigns.”
Prior to this quarter, Pinterest had posted lower earnings per share for five consecutive quarters, and in February it announced that President Donald Trump’s tough tariffs hitting major retailers were hurting its online advertising business.
“Overall, large retailers continue to be a headwind to growth, but AI-powered platform improvements, such as the bid optimization we delivered for these advertisers, began to offset some of this headwind in the second half of the quarter,” Julia Donnelly, Pinterest’s head of finance, said on the company’s first-quarter earnings call.
Donnelly said the company is “tracking the Middle East conflict” but has seen little impact on its overall advertising business so far.
Still, Donnelly pointed to some of the negative effects of the Iran war that began in February, highlighting the company’s impact on other parts of the world and Europe, “where the company is really isolated in certain industries that have been affected by high oil prices.”
“But this is all factored in as we look at our guidance for the second quarter,” Donnelly said.
In January, the company announced it would cut nearly 15% of its workforce and reduce office space in order to shift more resources to artificial intelligence.
reddit First-quarter results released last Thursday beat sales and bottom line profits, and shares rose 9% in after-hours trading.
Digital advertising giants Meta and Alphabet reported their latest quarterly results last Wednesday, with both companies posting higher sales and also revealing plans to spend more money on AI-related infrastructure.
Alphabet stock rose, while Meta stock fell. This reflects investor concerns about Facebook’s parent company’s massive AI spending without clear new revenue opportunities or cloud computing businesses.
Of note: The overall numbers for the meta were impressive, says Jim Cramer.
