Pinterest Reports Strong Q1 Earnings Amid Covid-19 Pandemic

The platform beat revenue projections but predicts a rocky road ahead

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Pinterest reported strong first quarter earnings Tuesday, beating analyst estimates, but warned that the company’s overall outlook might be rocky in the months ahead due to the Covid-19 crisis.

Pinterest’s first quarter revenue grew 35% year over year to $272 million while its global monthly active user base increased by 26% year over year to 367 million, beating projections for both. Analysts projected $270.1 million in revenue this quarter, as averaged by Refinitiv. 

“In these challenging times, our mission of bringing ideas and inspiration to people around the world has never been more important,” Ben Silbermann, CEO of Pinterest, said in a statement.



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