Pinterest posts 54% rise in quarterly revenue
(Reuters) – Pinterest Inc reported a 54% rise in revenue in its first quarterly earnings since going public, as the online scrapbook company added more users.
Global monthly active users in the quarter rose 22% to 291 million.
Total revenue rose to $201.9 million in the first quarter ended March 31 from $131 million in the year earlier.
Reporting by Vibhuti Sharma and Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli