Pinterest soars after accounts

(Boursier.com) — pinterest battered Thursday on the stock market in the wake of Meta Platforms (ex-Facebook), rebounded strongly by 11.2% to end at $27.25 on Friday on Wall Street. For the fourth fiscal quarter, the social network posted adjusted earnings per share of 49 cents, against 45 cents consensus and 43 cents a year earlier.

The group’s revenue reached $847 million, beating consensus by 3%, compared to $706 million last year. Net profit was $175 million, compared with $208 million a year earlier.

Pinterest also reported its first annual profit last night and hit $2 billion in sales. Nevertheless, the number of monthly active users declined by 6%, the lowest since June 2020, after surging during the pandemic. This ‘MAU’ was 431 million over the quarter, against 448 million consensus.