Where Will Pinterest Be in 5 Years?
Pinterest (NYSE: PINS), the low-profile, not-quite-social network, has been a solid winner among stocks with initial public offerings this year.
Shares of the virtual pinboard are up nearly 60% from its initial offering at $19 in April, and the company is fresh off a strong second-quarter earnings report. Pinterest posted another round of impressive growth with revenue up 62% to $261.2 million, and its adjusted net loss narrowed from $34.2 million to $24.5 million. In another positive sign, monthly active users (MAUs) increased 30% from 231 million to 300 million. The bulk of that growth came from international markets, as MAUs outside the U.S. rose 38% to 215 million; in the U.S., MAUs increased from 75 million to 85 million.
Where will Pinterest be in five years? It's not easy to chart out a course for a unique company that's only been public for four months, but the early reports from the discovery-based search platform offer some clues. Let's take a closer look.
Source Fool.com
