Pinterest stock jumps 16.9% after Q1 revenue beats estimates and strong user growth.

Pinterest reported first-quarter revenue of $1.01 billion, surpassing analyst expectations of $966.25 million, driven by an 18% year-over-year increase and 11% growth in monthly active users to 631 million. The company’s AI-powered search improvements and retail ad growth contributed to better ad performance and lower advertiser costs. Pinterest also raised its Q2 revenue guidance to $1.13-$1.15 billion, signaling confidence in continued growth and AI investments. Shares rose 16.88% in premarket trading following the report.