Pinterest’s stock jumped 19% after the company announced its fourth-quarter results, beating Wall Street sales estimates and showing notable user growth.
The image-sharing platform reported revenues of $1.15 billion, exceeding analysts’ expectations of $1.14 billion. This figure represents an 18% year-over-year growth.
In addition to the revenue success, Pinterest provided a positive sales outlook for the first quarter, anticipating revenues between **$837 million and $852 million**, compared to the analyst estimate of **$833 million**.
CEO Bill Ready commented on the company’s performance, stating, “Our strategy is paying off. 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.”
Source (CNBC)
