Pinterest surges 17% after earnings beat as company posts strong guidance

Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025.Patrick T. Fallon | AFP | Getty ImagesPinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 17% after the report.Here's how the company did, compared to analysts' consensus estimates from LSEG:Earnings per share: 27 cents adjusted vs. 23 cents expectedRevenue: $1.01 billion vs. $966 million expectedSales in Pinterest's first quarter rose 18% year-over-year while the company posted a net loss of $73.59 million, a loss of 12 cents per share. A year ago, the social media company posted net income of $8.92 million, or 1 cent per share.Pinterest said second-quarter revenue should come in the range of $1.13 billion to $1.15 billion, which is higher than the $1.11 billion that Wall Street was projecting.The company said adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA, for the second quarter will come in between $256 million to $276 million. Analysts were expecting $261 million in EBIDTA for the second quarter.Pinterest's first-quarter EBIDTA came in at $207 million, ahead of analysts' estimates of $176 million.The social media company's global monthly active users for the first quarter increased 11% year-over-year to 631 million, in line with analyst's estimates.First quarter global average revenue per user came in at $1.61, topping Wall Street estimates of $1.54.Prior to the current period, Pinterest had missed financial estimates for five-straight quarters, and said in February that President Donald Trump's tough tariffs hurt the company's online advertising business.Pinterest said in January that it would cut nearly 15% of the company's workforce and reduce office space as it moves more resources into artificial intelligence.Reddit reported first-quarter earnings last Thursday that beat on the top and bottom lines, sending its stock jumping 9% in after-hours trading.Digital advertising titans Meta and Alphabet reported their latest quarterly earnings last Wednesday in which they both beat on revenue while also disclosing plans to spend more money on AI-related infrastructure. Although Alphabet shares rose, Meta shares tumbled, a sign of investor concerns about the Facebook-parent's massive AI spending without a clear new revenue opportunity or cloud computing business.WATCH: Meta's overall numbers were impressive, says Jim Cramer.Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.