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HomeTechnology NewsPinterest posts 54% rise in quarterly revenue

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