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Pinterest Q1 Earnings Surge on Shoppable Platform Strategy and AI Integration
Pinterest Q1 Earnings Surge on Shoppable Platform Strategy and AI Integration
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Pinterest delivered robust first-quarter results, with revenue climbing 16% year-over-year to $855 million, exceeding analyst forecasts. Adjusted earnings per share ROSE 35% to $0.23, signaling strong operational execution. The platform’s monthly active users grew 11% to 570 million, with international markets leading the expansion.
CEO Bill Ready’s transformation strategy, emphasizing shoppable features and AI-driven user experiences, appears to be gaining traction. Wolfe Research analyst Shweta Khajuria upgraded the stock to Buy with a $40 price target, citing the company’s Performance+ advertising suite as a key growth driver contributing an estimated 2-3 percentage points to revenue acceleration.
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