Pinterest Warns of Slowing U.S. Growth on Pandemic Reopenings
- First-quarter revenue soars 78%, better than expected
- Pinterest says U.S. user growth will be ‘around flat’ in Q2
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Pinterest Inc. warned of slowing user growth in its most valuable market, a sign that post-pandemic reopenings are encouraging some consumers to look beyond social media for entertainment and connection. The stock fell more than 7% in extended trading.
The company said monthly average user growth in the U.S. will be “around flat” in the second quarter versus the same period a year earlier.