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.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

OGX unit secures RM96.6mil data centre supply contract
Scientex 3Q net profit rises 14.8% to RM142mil
Japan's support crucial in Malaysia's push into advanced technology, says PM
Alliance Bank, CGC ink RM2bil portfolio guarantee to boost SME financing
FBM KLCI trends higher at midday despite weak market breadth.
Penang Port introduces first vessel traffic management system
Countries should not be timid to defend free trade
Japan wholesale inflation accelerates to fastest in 3 years as energy costs spike
Gamuda expands Australian portfolio with 450MW Victoria solar-battery project
Starbucks mulls options for Japan business, including stake sale, Bloomberg reports

Others Also Read