Where Will Pinterest Be in 5 Years?
Pinterest's (NYSE: PINS) stock recently plummeted after the company posted mixed first-quarter numbers. Its revenue grew 35% annually to $272 million and beat estimates by $1 million, but its adjusted net loss widened from $40 million to $60 million, or $0.10 per share, which missed expectations by a penny.
Pinterest didn't offer any guidance due to the COVID-19 pandemic, but it warned that its gross margins would contract as the cost of supporting new users overwhelmed its growth in ad revenue, and its operating expenses would rise. In other words, investors should expect slower revenue growth with wider losses.
Investors clearly weren't pleased with that grim outlook, but is Pinterest still a good long-term investment? Let's take a look at Pinterest's past growth, its plans for the future, and where the stock could end up in five years.
Source Fool.com
