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BUZZ-Pinterest jumps as Q1 revenue forecast tops estimates

Reuters
Feb 07, 2025
BUZZ-Pinterest jumps as Q1 revenue forecast tops estimates

** Image-sharing platform Pinterest's PINS.N shares rise 21.5% to $40.80 premarket

** On Thursday, co forecast Q1 FY25 rev between $837 mln and $852 mln, above analysts' est of $832.8 mln - data compiled by LSEG

** Co posted Q4 rev of $1.15 bln, above analysts' est of $1.14 bln, driven by strong holiday shopping season traffic and higher advertising revenue from its AI-powered ad tools

** Co's global monthly active users are at an all-time high of 553 mln, exceeding estimates of 545.8 mln

** However, co reported Q4 adj profit of 56 cents/share, below analysts' est of 65 cents/share, hurt by certain tax adjustments

** PINS fell ~22% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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