Pinterest Projects Revenue Above Estimates
Pinterest projects revenue above estimates as AI tools boost ad spend
Pinterest forecast first-quarter revenue above market estimates on Thursday, betting on the image-sharing platform's artificial intelligence-powered advertising tools to boost ad spend, sending its shares up 22% in extended trading.
Pinterest Projects Revenue Above Estimates as AI Tools Boost Ad Spend; Shares Jump
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. People are coming to Pinterest more often, the platform has never been more actionable," CEO Bill Ready said in a statement.
The advertising business continues to grow despite increased competition from much larger rivals in the social networking ...
23hon MSN
As well as hitting $1 billion in quarterly revenue for the first time, Pinterest reached record user numbers, with 553 ...
Pinterest's AI advancements, shoppable ads, and strong Q4 results drive positive analyst outlook, boosting shares.
Pinterest reported $1.2 billion in Q4 revenue, an 18% year over year increase – and its first-ever billion-dollar quarter.
Shares of Pinterest Inc. jumped after the company posted strong holiday-quarter revenue and gave an upbeat forecast for sales ...
Pinterest recorded its first billion-dollar quarter in Q4 2024, driven by strong revenue and user growth, despite missing ...
Oppenheimer raised the firm’s price target on Pinterest (PINS) to $50 from $40 and keeps an Outperform rating on the shares as new ad products ...
Q4 2024 Earnings Call Transcript February 6, 2025 Pinterest, Inc. beats earnings expectations. Reported EPS is $2.68, expectations were $0.63. Andrew Somberg: Good afternoon. Thank you for attending ...
Pinterest's shares rose 20% on Friday as it forecast first-quarter revenue above estimates, indicating that its AI-powered tools would spur ad spend on the image sharing platform. Pinterest has ...
Pinterest PINS hit fourth-quarter sales of $1.15 billion, coming in above $1 billion for the first time, and grew the number ...
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