Investing.com - Pinterest reported Thursday fourth-quarter mixed results as earnings missed, but revenue topped Wall Street estimates, marking its first billion-dollar revenue quarter and showcasing strong user growth.
Pinterest Inc (NYSE:PINS) (NYSE:PINS) was up 17% in after-hours trading following the announcement.
For the three months ended Dec. 31, the company reported adjusted earning per share of $0.56 on revenue of $1.15B, beating expectations of $0 .65 on revenue of $1.14B.
Global monthly active users, or MAUs, reached an all-time high of 553M, up 11%, year-over-year. Global average revenue per user, or ARPU, climbed 6% to $2.12, with U.S. and Canada ARPU jumping 12% to $9.00.
Looking ahead to the first quarter of 2025, Pinterest forecasts revenue to be in the range of $837M to $852M, compared with expectations for $835.9M.
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