Pinterest Stock Jumps After AI Ad Tools Lift Revenue Forecast Above Wall Street
Pinterest forecast second-quarter revenue of $1.133 billion to $1.153 billion, above analyst expectations, sending shares up 15% in after-hours trading. First-quarter revenue rose 18% to $1.008 billion, with global monthly active users reaching a record 631 million. The company reported a net loss of $74 million and adjusted EBITDA of $207 million for the quarter.