Image Search Platform Soars 19% on Earnings Surprise

Pinterest Inc. (NYSE: PINS) closed at $24.16 on the New York Stock Exchange, jumping 19.44% in a single day. Its market capitalization swelled by about $2.9 billion to roughly $12 billion. Trading volume also surged to 18.71 million shares—well above average—fueling short-term momentum.

The company reported first-quarter revenue of $1.008 billion, up approximately 18% year-over-year and beating market expectations. It issued second-quarter revenue guidance of $1.13 billion to $1.15 billion, signaling continued growth.

Pinterest is a social media and advertising platform built around image-based search and personalized recommendations, with over 600 million monthly active users worldwide. After disappointing fourth-quarter results and guidance drove the stock down nearly 20% in February, this quarter’s strong rebound—on the flip side of the prior “earnings shock”—has refocused attention on its growth story.