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  • 3 months ago
Pinterest beat Q1 estimates with 18% revenue growth and 631 million monthly active users, while issuing stronger-than-expected second-quarter guidance.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Pinterest reported adjusted earnings of $0.27 per share on $1.01 billion in revenue,
00:08beating estimates of $0.23 per share and $966.25 million, according to Benzinga Pro.
00:17Revenue rose 18% year-over-year as global monthly active users increased 11% to $631 million.
00:24Average revenue per user was $1.61 globally and $7.12 in the U.S. and Canada.
00:32Net cash from operations totaled $328 million, and free cash flow reached $312 million.
00:41Cash and cash equivalents were about $378.10 million at quarter's end.
00:47The company expects second-quarter revenue of $1.13 billion to $1.15 billion versus estimates of $1.11 billion
00:56and adjusted EBITDA of $256 million to $276 million.
01:02Shares rose 18.94% after hours to $24.81.
01:08For all things money, visit Benzinga.com.
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