PINS is trading at $24.26 (+23%) in after-hours following a strong Q1 earnings report that beat analyst expectations on both the top and bottom lines.
- Revenue reached $1.01 billion (up 18% YoY) with adjusted EPS of $0.27, while Global Monthly Active Users (MAUs) hit a record 631 million, surpassing the 623 million forecast.
- The stock's surge significantly outperforms the broader market, with S&P 500 and Nasdaq futures trading down 0.47% and 0.31% respectively.