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 ...

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]

Wall Street analysts expect Pinterest (PINS) to post quarterly earnings of $0.28 per share in its upcoming report, which indicates a year-over-year increase of 33.3%. Revenues are expected to be $847.84 million, up 19.8% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company announces its earnings, it is essential ...

Pinterest (PINS) closed the latest trading day at $40.82, indicating a -0.68% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.06%. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Z ...

Image Source: Zacks Investment Research Focus on AI Models Pinterest expects operating expenses to increase substantially in the near term for expanding operations domestically and internationally, enhancing product offerings, broadening Pinner and advertiser base, expanding marketing channels, hiring additional employees and developing technology. In addition, Pinterest faces significant competition from larger, more established companies such as Amazon, Facebook (including Instagram), Google, Snap and Twi ...

Kenneth Cheung Market Conditions Total Job Openings and Number of New Jobs Over Time # of total job openings # of new ngs (84 day trailing 5000 scoo 4000 6000 3000 4000 2000 2000 1000 1/1/201 1/1/2024 Source: Revealera.com Piper Sandler also noted slower growth in traffic from Pinterest to Amazon (AMZN) in May, with YoY traffic growth of 83%, down from 147% in April and around 100% in the prior seven months. In addition, cost per click continued to decline between February and May, which is not surprising g ...