(Pinterest) Pinterest reported 433 million Monthly Active Users in the first quarter of 2022, down 9% from the prior year.
The social media company reported quarterly revenue of $575 million, an increase of 18% from the previous year.
Pinterest posted a net loss of $5.28 million in the first quarter, narrower than a loss of $21.67 million in the prior year. The Adjusted EBITDA went lower to $76.8 million compared to $83.8 million in the prior year.
Pinterest is now projecting that its revenue in the second quarter would grow by 11% from the previous year.
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