The company, which runs a digital pinboard and shopping tool, said Thursday that its net loss was $41.4 million in the January-March period. Its revenue grew 54% to $202 million from $131 million.
People use Pinterest to search for and collect, or “pin,” ideas for weddings, home decor, recipes, fashion and other categories. The service had 291 million monthly active users in the first quarter, up 22% from 239 million a year earlier.
Pinterest said it expects revenue in a range of $1.055 billion to $1.08 billion for the full year, the midpoint of which is slightly below the $1.07 billion that analysts had been expecting, even though the first quarter’s sales surpassed estimates.