Pinterest's Q1: Why These 26 Cents Have Me More Excited Than Its Nearly $500 Million in Revenue
On April 27, Pinterest (NYSE: PINS) reported results for the first quarter of 2021, showing impressive top-line growth. Revenue was up 78% year over year to $485 million. Moreover, management expects second-quarter revenue will be even better, projecting 105% growth from the year-ago period. In short, business is booming for Pinterest.
These revenue figures were what made headlines for the company last week, but they're not the numbers that excite me the most as a Pinterest shareholder. Rather, a mere $0.26 shows how much progress the company is making and compels me to believe that the long-term growth thesis is playing out right before our very eyes.
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