"Pinterest's first-quarter revenue rose 18% year over year to more than $1 billion, marking a meaningful step up from the 14% growth in the previous quarter."
"The company achieved its third consecutive billion-dollar revenue quarter and reached an all-time high of 631 million global monthly active users, up 11% year over year."
"International growth was striking, with Europe revenue rising 27% to $186 million and 'rest of world' revenue surging 59% to $72 million."
"Pinterest's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $207 million, up 20% year over year, while adjusted earnings per share grew about 17% to $0.27."
Pinterest reported a strong first quarter with revenue exceeding $1 billion, marking an 18% year-over-year increase. The company achieved its third consecutive billion-dollar revenue quarter and reached 631 million global monthly active users, reflecting 11% growth. International revenue saw significant increases, particularly in Europe and the rest of the world. Profitability improved with adjusted EBITDA of $207 million and earnings per share of $0.27. The success is attributed to the effectiveness of Pinterest's AI-powered advertising tools.
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