This Is Why Pinterest Is the Best Social Commerce Stock
In today's video, I will go over Pinterest's (NYSE: PINS) last earnings report to get us ready for the second quarter, talk about the new features Pinterest has integrated, and discuss one specific feature it should add to make it one of the biggest social commerce players in the industry. You can find the full video below.
The company reported revenue of $485 million for the quarter, which was up 78% compared with a year prior. Global monthly active users grew 30% year over year to 478 million and GAAP net loss was $22 million for Q1. Adjusted EBITDA was $84 million for Q1.
But after Pinterest reported its Q1 earnings report, the stock crashed 11% the next day because the company guided for flat monthly active user growth in the U.S. and growth in the mid-teens internationally. But revenue is expected to grow 105% year over year. With Q2 earnings only two weeks out, maybe now is the time to take a closer look at Pinterest if you're interested in the company.
Source Fool.com
