Pinterest shares rise 10% on better-than-expected guidance

Core Insights - Pinterest's shares increased by 10% in extended trading following the release of first-quarter earnings and better-than-expected guidance for the second quarter [1] - The company anticipates second-quarter sales between $960 million and $980 million, surpassing analysts' expectations of $966 million [1] Financial Performance - Pinterest reported 570 million monthly active users in Q1, exceeding Wall Street's estimate of 565 million [2] - Q1 sales from the U.S. and Canada were $663 million, slightly below the expected $664 million, while Europe revenue was $147 million, surpassing projections of $141 million [2] - The company achieved $172 million in adjusted EBITDA for Q1, exceeding the $164 million expected by analysts, with an EBITDA margin of 20% compared to the anticipated 19.4% [3] - Global average revenue per user for Q1 was $1.52, aligning with analysts' estimates [3] Strategic Outlook - CEO Bill Ready emphasized the resilience of Pinterest amid evolving macroeconomic conditions and the digital advertising landscape, asserting strong business fundamentals and healthy growth [4] - The company is navigating challenges in the online advertising sector, particularly in light of broader economic uncertainties and trade disputes [4]