Pinterest reported $1.2 billion in Q4 revenue, an 18% year over year increase – and its first-ever billion-dollar quarter.

Shares of social media platform Pinterest are soaring by over 20% in Friday's pre-market after posting $1.15 billion in revenue for its fourth quarter — it's first time ever exceeding $1 billion ...

Advertisers turn to Pinterest for its AI-driven ad tools such as Performance+ suite, designed to help advertisers better target users with automation features. "Our strategy is paying off.