Pinterest revenue surges on popularity of shopping


The company's revenue rose 23% to US$740mil in the three months ended March 31. — Bloomberg

SAN FRANCISCO: Pinterest Inc reported first-quarter sales and user growth that surpassed Wall Street’s expectations, bolstered by a push into shopping and a focus on Gen-Z users. Shares soared more than 20% in extended trading.

Revenue rose 23% to US$740mil in the three months ended March 31, the company said in a statement.

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