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Pinterest Rides Digital Ad Wave
And, Affirm's weak financial outlook.
Today is Friday, May 9, 2025.
The Early Bird Index today is 74.14
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Pinterest Rides Digital Ad Wave
Pinterest $PINS ( ▲ 1.9% ) surged by 15.58% in after-hours trading on Thursday after reporting strong financial earnings results.
Financials: Pinterest reported earnings of 1 cent per share and revenue of $854.9 million in the past quarter. Both were better than expected.
Details: Global monthly active users jumped by 10% in the past quarter and the company expects more growth in the current period.
Quote: “As the macroeconomic and digital ad landscape evolves, our strategy and consistent execution has made Pinterest more resilient than ever.” - CEO Bill Ready.
Early Bird’s Nest Egg Gains: Pinterest is capitalizing on the current robust digital ad market through a combination of strategic initiatives, technological innovation, and expanding user engagement, resulting in record financial performance and market share gains.
The company’s key strategies include AI-powered personalization and visual search, AI tools that produce results for advertisers, and the platform’s position as a mobile-first shopping destination.
Final Thoughts: Pinterest was down over 8% this year before these results. The company is turning things around.
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Notables
Notable Earnings Today: Starwood Property Trust (NYSE: STWD), Sun Life Financial (NYSE: SLF), TeraWulf (Nasdaq: WULF), Enbridge (NYSE: ENB), ANI Pharmaceuticals (Nasdaq: ANIP), PAR Technology (NYSE: PAR), Algonquin Power & Utilities (NYSE: AQN), Embecta (Nasdaq: EMBC), Essent Group (NYSE: ESNT), Gogo (Nasdaq: GOGO), 1stDibs (Nasdaq: DIBS), Alpha Metallurgical Resources (NYSE: AMR), AMC Networks (Nasdaq: AMCX), Calumet Specialty Products (Nasdaq: CLMT), Construction Partners (Nasdaq: ROAD), Hawaiian Electric (NYSE: HE), Koppers Holdings (NYSE: KOP) Kymera Therapeutics (Nasdaq: KYMR), Pembina Pipeline (NYSE: PBA), Plains All American (Nasdaq: PAA), Sylvamo (NYSE: SLVM), Telos (Nasdaq; TLS), TXNM Energy (TXNM).
Notable IPOs Today: Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS).
Notable Equity Crowdfunding Campaigns Ending Today: N/A.
Notable Economic Events Today: N/A.
Affirm's Weak Financial Outlook
The “buy now, pay later” technology company Affirm Holdings $AFRM ( ▲ 5.28% ) fell 8.44% in after-hours trading on Thursday after posting mixed financial earnings results.
Financials: Affirm reported earnings of 1 cent per share in the past quarter, which was better than expected. Revenue totaled $783 million, which was in-line.
Powering the Story: The company projects revenue in the current quarter to be between $815 million and $845 million, but investors were expecting a stronger outlook.
Final Thoughts: Affirm was already down 13% this year.
Lyft Increases Stock Buyback
Despite posting mixed financial earnings results on Thursday, the ridesharing company Lyft $LYFT ( ▲ 3.26% ) jumped 7.31% in after-hours trading.
Financials: Lyft reported earnings of 1 cent per share in the past quarter, which was better than expected. But the company’s revenue only reached $1.5 billion, which was lower than expected.
Powering the Story: The company announced it would increase its stock buyback to $750 million, which will help boost the stock price.
Final Thoughts: These results come as Lyft’s stock is up about 14% in the past 30 days.
Trends to Watch
Back Again: Bitcoin price reclaims $100K for first time since January (Cointelegraph)
Mixed Bag: Coinbase Posts Jump in Revenue, Drop in Quarterly Earnings (Bloomberg)
Bad Traveling: Expedia Stock Falls On Mixed Q1. Travel Site Warns Of 'Weaker Than Expected' U.S. Demand (Investor’s Business Daily)
Bettors Win: DraftKings says lack of March Madness upsets kept it from raising its forecast, but shares gain (MarketWatch)
Doughnut Suspension: Krispy Kreme pauses its doughnut rollout with McDonald’s (CNN)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.