Pinterest (PINS) Surges 5.96% on Bargain-Hunting as Firm Falls to Record Low

Core Insights - Pinterest Inc. (NYSE:PINS) experienced a significant share price increase of 5.96% on Friday, closing at $17.77, as investors engaged in bargain-hunting after the stock had reached a nearly six-year low earlier in the week [1][2]. Financial Performance - The company reported a drastic decline in net income, which fell by 78% to $416.8 million from $1.86 billion in 2024, despite a revenue increase of 17% to $4.2 billion from $3.6 billion year-on-year [2]. - In the fourth quarter, net income plummeted by 85% to $277 million from $1.8 billion in the same quarter a year earlier, while revenues rose by 13% to $1.3 billion from $1.15 billion year-on-year [3]. - For the first quarter of the year, Pinterest is targeting revenue growth of 11 to 14%, aiming for a range of $951 million to $971 million, with adjusted EBITDA expected between $166 million and $186 million [4]. Management Outlook - CEO Bill Ready emphasized the company's commitment to execution and transforming sales strategies to better align monetization with commercial intent [3].