PINS: Pinterest Stock Soars 22% on Picture-Perfect Earnings, Bright Growth Outlook

Photo-sharing platform is about to pop open at the bell with a hefty 22% gain thanks to strong holiday-quarter showing.

🎉 Shares Take Off

• Pinterest stock PINS was up 22% in pre-market trading Friday after a stellar earnings report had investors overly excited. The company posted better-than-anticipated revenue of $1.15 billion — crossing the $1 billion milestone for the first time ever — just enough to beat expectations of $1.14 billion.
• Global monthly active users rose by 11% from the year-earlier quarter to 553 million. The forward-looking guidance was also upbeat, bright and optimistic.

📍 Pinterest to Hit $27B Market Cap

• Pinterest expects first-quarter revenue to land between $837 million and $852 million, up 13% to 15% year over year. The profit forecast reached $155 million to $170 million, which was above Wall Street’s estimates of $141 million.
• The photo-sharing platform is enjoying a solid performance this year with shares up roughly 10% ahead of the opening bell when the market cap is expected to exceed $27 billion — this is still some 50% below the record high reached back in 2021.