10 Firms Post Double-Digit Gains on Friday

5. Pinterest Inc. (NYSE:PINS)

Pinterest (PINS) saw its share prices surge by 19.08 percent on Friday to end at $40 apiece as investor optimism was fueled by its stellar earnings performance, having achieved its first billion-dollar revenue in the fourth quarter of last year.

In a statement, PINS said net income in the fourth quarter of 2024 skyrocketed by 818 percent to $1.85 billion from the $201 million reported in the same period last year, while also swinging to a net income of $1.86 billion from a $35.6 million net loss registered in 2023.

Revenues for the quarter increased by 18 percent to $1.15 billion while revenues for the full year jumped by 19 percent to $3.65 billion.

PINS CEO Bill Ready said that the strong performance suggested that the company’s strategy was paying off.

“Looking ahead, I’m confident that our focus on being a positive platform is a competitive advantage in driving long-term success for the business and value for our advertisers and users,” he said.

In the first quarter of 2025, PINS said it projects revenues to grow by 13 to 15 percent at $837 million to $852 million.