Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. This also touches on aspects of dividends.

The firm expects second-quarter revenue in the range of $1.13 billion to $1.15 billion, higher than the $1.11 billion that Wall Street was projecting.

Pinterest noted in January that it would cut nearly 15% of its workforce and reduce office space as it pushes more into artificial intelligence.

Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 15% after the report.

Here’s how the corporation did, compared to analysts’ consensus estimates from LSEG:

Revenue: $1.01 billion vs. $966 million expected

Sales in Pinterest’s first quarter rose 18% year over year while the organization posted a net debt of $73.59 million, a depletion of 12 cents per share. A year ago, the social media business posted net income of $8.92 million, or 1 cent per share.

Pinterest commented second-quarter revenue should come in the range of $1.13 billion to $1.15 billion, which is higher than the $1.11 billion that Wall Street was projecting.

The business remarked adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA, for the second quarter will come in between $256 million to $276 million. Analysts were expecting $261 million in EBIDTA for the second quarter.

Pinterest’s first-quarter EBIDTA came in at $207 million, ahead of analysts’ estimates of $176 million.

The social media company’s global monthly active users for the first quarter increased 11% year over year to 631 million, in line with analyst’s estimates.

First-quarter global average revenue per user came in at $1.61, topping Wall Street estimates of $1.54.

The corporation mentioned it paid about $465.1 million, primarily in cash, for its February acquisition of tvScientific, which specializes in connected TV advertising analytics.

Pinterest CEO Bill Ready told analysts during an earnings call that the acquisition is intended “to extend Pinterest’s unique consumer intent, signal and audiences beyond our owned and operated properties to power high-performing CTV campaigns.”

Prior to the current period, Pinterest had missed financial estimates for five straight quarters, and noted in February that President Donald Trump’s tough tariffs, which has stung large retailers, hurt the company’s online advertising business.

“Overall, large retailers remained a headwind to growth, but AI-driven platform improvements, including bidding optimizations we delivered for these advertisers, began to offset some of this headwind later in the quarter,” Pinterest finance chief Julia Donnelly mentioned during the first-quarter earnings call.

Donnelly mentioned that the corporation is “tracking the conflict in the Middle East,” but has so far seen little impact to its overall advertising business.

Still, Donnelly did note some negative effects from the Iran war, which began in February, highlighting the impact to the company’s rest-of-world region and Europe, “where it’s really isolated to certain verticals impacted by higher oil prices.”

“But this has all been factored in as we thought about our Q2 guidance,” Donnelly noted.

The corporation noted in January that it would cut nearly 15% of its workforce and reduce office space as it moves more resources into artificial intelligence.

Reddit reported first-quarter earnings last Thursday that beat on the top and bottom lines, sending its stock jumping 9% in after-hours trading.In which they both beat on revenue while also disclosing plans to spend more wealth on AI,

Digital advertising titans Meta and Alphabet reported their latest quarterly earnings last Wednesday-related infrastructure.

Although Alphabet shares rose, Meta shares tumbled, a sign of investor concerns about the Facebook-parent’s massive AI spending without a clear latest revenue opportunity or cloud computing business.

WATCH: Meta’s overall numbers were impressive, says Jim Cramer.