Pinterest, which belongs to the Zacks Internet - Software industry, posted revenues of $853.68 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.69%. This compares to year-ago revenues of $708.03 million. The company has topped consensus revenue estimates three times over the last four quarters. This quarterly report represents an earnings surprise of 3.57%. A quarter ago, it was expected that this digital pinboard and shopping tool company would post earnings of $0.14 pe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-38872 Pinterest, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-3607129 (State ...

Pinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided third-quarter guidance that was lower than analyst estimates. The company's sales jumped 21% year-over-year in the second quarter, while its GAAP net income was $9 million. During the second quarter of 2023, Pinterest recorded a net loss of $35 million during the same period when its total costs and expenses were $781 million. "Our monetization efforts are paying off," Pinterest CEO Bill Ready said ...

Pinterest Announces Second Quarter 2024 Results, Drives Robust Revenue and User Growth Momentum Q2 Revenue of $854 million, an increase of 21% Record 522 million global monthly active users, an increase of 12% SAN FRANCISCO, Calif. - July 30, 2024 - Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2024. • GAAP net income was $9 million for Q2. Adjusted EBITDA was $180 million for Q2. • Total costs and expenses were $875 million. "We had another impressive quarter ...

Pinterest is reportedly seeking help from news outlets and other publishers in selling ads. Meanwhile, the report added, LinkedIn's Wire Program, which lets outlets sell ads in front of the videos they distribute, recently moved into beta testing. TikTok, for its part, has turned to in-person pop-ups to capture consumers' retail purchases as well as their live event ticket spending, teaming up with cosmetics company Rare Beauty in April, and hosting a live music popup in London's King's Cross featuring emer ...

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Erickson's latest look at Pinterest ad load & traffic offers a mixed read into the print. Pinterest deserves a premium to the group, given that the company has historically under-monetized its platform, which new management is addressing. Erickson said it is growing and ramping margins more quickly relative to the overall space. The target is attributable to confidence in the 3p ad partnership ramping, higher ad load not negatively impacting engagement, and direct links and better relevance driving ROAS hig ...

Investors may wonder what to expect from Elliott next. While there's no way to be certain what its involvement will look like, investors can look to what it has done in the past with other companies it took stakes in. And one recent success story is image-centric social media platform Pinterest (PINS -0.87%). How activist investing can help One of the biggest changes that Pinterest made in the last two years was to open up its platform to third-party ads, such as with its partnership with Amazon. This move ...

Pinterest (PINS) closed at $37.55 in the latest trading session, marking a -0.87% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.11%. At the same time, the Dow added 1.64%, and the tech-heavy Nasdaq gained 1.03%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.46 per share and revenue of $3.67 billion. These totals would mark changes of +33.94% and +20.12%, respectively, from last year. The Zacks Rank system, w ...

Core Viewpoint - Pinterest, Inc. is expected to report second-quarter 2024 earnings on July 30, with revenue estimates at $847.8 million and earnings at 28 cents per share [1] Earnings Estimates and Trends - Earnings estimates for Pinterest have improved from $1.34 per share to $1.46 for 2024 and from $1.66 per share to $1.76 for 2025 over the past 90 days [7] - The company has a proven earnings surprise history, with an average surprise of 38.8% over the last four quarters, including a 42.9% surprise in the last reported quarter [3][8] Competitive Landscape - Pinterest faces significant competition from larger companies such as Amazon, Facebook, Google, Snap, and Twitter, which offer a variety of online products and advertising services [4] Performance Metrics - Over the past year, Pinterest has gained 41%, outperforming the industry growth of 14.7% but lagging behind Meta Platforms, Inc. [11] Advertising and Monetization Strategies - Pinterest is enhancing its advertising platform, which is becoming increasingly attractive for consumer discretionary brands [14] - The company is focusing on improving operational rigor and incorporating AI models to enhance relevancy and personalization, which is expected to generate incremental revenues [18][24] - Pinterest is also introducing monetization opportunities in unmonetized international markets through third-party ad integration with Google [16] User Engagement and Growth - The company is witnessing solid net sales growth backed by strong user engagement across all regions, with improvements in engagement metrics like sessions, impressions, and saves [15][19] - Rising engagement among Gen Z users is a positive factor, with initiatives to increase the accessibility of mobile deep linking products [20] Financial Considerations - Pinterest's shares currently trade at a price/sales ratio of 6.43, higher than the industry average of 2.39 but lower than its historical mean of 7.06 [22] Operational Challenges - The company expects substantial increases in operating expenses due to expansion efforts, enhancing product offerings, and hiring additional employees [21]