15:22 - 5.05.2026

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May 5, Fineko/abc.az. In the 1st quarter of 2026, Pinterest's revenue grew by 18% and reached $1 billion, exceeding market expectations. However, the company recorded net loss of $73 million against profit a year earlier due to rising costs.

ABC.AZ reports that the management, including CEO Bill Ready, expects further revenue growth in the second quarter up to $1.13–1.15 billion due to development of advertising and AI tools.

Despite the loss, investors reacted positively: The shares rose significantly on the back of strong revenue and an optimistic outlook.