

In the U.S., Pinterest said its monthly active users declined in the first-quarter due to issues with search and specifically the change to Google's ( GOOG) ( GOOGL) search algorithm, as well as Russia's invasion of Ukraine. Pinterest ( PINS) shares rose nearly 6% in after-hours trading, but had been up as much as 16% earlier in the session. The company ended the first-quarter with 433 million monthly active users and said that as of April 25, it had 432.9 million users around the world, including 94 million monthly active users in the U.S. This milestone was revealed in a report by The New York Times earlier today and has since. Global Monthly Active Users (MAUs) grew 37 year over year to 459 million. 2020 revenue grew 48 year over year to 1,693 million. Q4 revenue grew 76 year over year to 706 million. On the conference call, Pinterest ( PINS ) Chief Financial Officer Todd Morgenfeld said the headwind would stop in the third-quarter and though the second-quarter is traditionally its weakest in terms of monthly active users, it expects growth to resume. Visual bookmarking and discovery platform Pinterest has more than 100 million monthly active users (MAUs). (NYSE: PINS) today announced financial results for the quarter and year ended December 31, 2020. Now, with the most recent report for quarter 3 coming out, Pinterest has lost another 10 million monthly active users down to 444 million. Pinterest ( NYSE: PINS) shares rose in after-hours trading after the company reported first-quarter results that topped expectations and said pandemic headwinds to monthly active users will stop later this year. In terms of the actual numbers, Pinterest had 478 million active users in the first quarter of 2021, however by the second quarter this had declined to 454 million, down 24 million. Sematadesign/iStock Editorial via Getty Images
