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Investing.com -- Pinterest (NYSE:PINS) reported Thursday upbeat guidance following first-quarter revenue that topped Wall Street estimates as the arts and crafts platform continued to soak up advertising dollars amid rising user growth.
Pinterest (NYSE:PINS) was up more than 15% in recent afterhours trading.
For the three months ended Mar. 31. the company reported earnings of 0.23 per share on revenue of $855 million, beating expectations for EPS of $0.26 on revenue of $848.3 million.
Global monthly active users, or MAUs, were up 10% year over year to 570 million, but global average revenue per user, or ARPU, jumped 5% to $1.52 from a year earlier. ARPU in the U.S. and Canada was up 8%, 17% in Europe and 29% in the rest of the world.
Looking ahead to the second quarter, the company forecast revenue in a range of $960M to $980M, compared with estimates for While Adjusted EBITDA was guided in the range of $217M to $237M.