Pinterest shares rocket 20% on strong revenue and user growth
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Pinterest shares surged 20% following a strong fourth-quarter performance, surpassing Wall Street's revenue estimates and reporting significant user growth.
February 07, 2025 | 2:45 pm
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Pinterest's stock price increased by 20% due to better-than-expected fourth-quarter revenue and strong user growth, with global monthly active users growing by 11% year-over-year.
The 20% increase in Pinterest's stock price is directly linked to its strong financial performance in the fourth quarter, where it exceeded revenue expectations and reported significant user growth. This positive news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100