Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025.
Patrick T. Fallon | AFP | Getty Images
Pinterest reported first-quarter earnings on Monday that hit both highs and lows. Shares rose 15% after the report.
Here’s how the company fared, compared to analyst consensus estimates from LSEG:
- Earnings per share: 27 cents adjusted versus 23 cents expected
- Net worth: $1.01 billion vs. $966 million expected
Pinterest’s first-quarter sales rose 18% year over year while the company posted a net loss of $73.59 million, a loss of 12 cents per share. Last year, the telecommunications 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 forecast.
The company said adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA, for the second quarter will come in between $256 million to $276 million. Analysts were expecting $261 million in EBIDTA for the second quarter.
Pinterest’s first-quarter EBIDTA came in at $207 million, ahead of analysts’ estimates of $176 million.
The social media company’s global monthly active users in the first quarter rose 11% year over year to 631 million, in line with analyst estimates.
First-quarter average revenue per user came in at $1.61, beating Wall Street estimates of $1.54.
The company said it paid about $465.1 million, in cash, for its February acquisition of tvScientific, which specializes in connected analytics for TV advertising.
Pinterest CEO Bill Ready told analysts during an earnings call that the acquisition is intended to “expand Pinterest’s unique consumer intent, signal and audience beyond our owned and operated properties to power high-performing CTV campaigns.”
Before now, Pinterest had missed financial estimates for five straight quarters, and it said in February that President Donald Trump’s tough pricing, which has hit major retailers, has hurt the online advertising company’s business.
“Overall, large marketers remain a growth headwind, but the platform’s AI-driven improvements, including the bidding improvements we brought to these advertisers, began to address some of these issues later in the quarter,” Pinterest chief financial officer Julia Donnelly said during the first quarter call.
Donnelly said the company is “monitoring the conflict in the Middle East,” but so far has seen little impact on its advertising business.
Nevertheless, Donnelly has noted the negative results from the war in Iran, which began in February, highlighting the impact on the company’s global region and Europe, “where it is really isolated in certain areas affected by high oil prices.”
“But all of this is considered as we think about our Q2 guidance,” Donnelly said.
The company said in January it would cut about 15% of its workforce and reduce office space as it shifts more resources to artificial intelligence.
Reddit reported first-quarter earnings last Thursday that beat the bottom line, sending its stock up 9% in after-hours trading.
Digital advertising titans, Meta and Alphabet, reported their latest quarterly earnings last Wednesday where both beat profits while also revealing plans to spend more on AI-related infrastructure.
While Alphabet shares rose, Meta shares fell, a sign of investor concern about parent Facebook’s heavy use of AI without a clear new revenue opportunity or cloud computing business.
WATCH: Meta’s overall numbers were impressive, Jim Cramer said.
