Pinterest, Inc. (PINS) reported mixed fourth-quarter 2023 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. The San Francisco-based Internet content provider reported revenue growth year over year, driven by strong momentum in all regions.Management’s focus on improving shoppability and monetization potential across the platform and the incorporation of advanced AI-integrated tools to support advertisers and retailers led to top-line growth. However, co ...

Shares of image-browsing platform Pinterest (PINS -10.57%) plunged on Friday following its financial report for the fourth quarter of 2023. Pinterest stock was down 11% as of 10 a.m. ET, which is a big drop. But the market frankly doesn't appear to know how to react to its Q4 report. Shares had bounced all over the place in after-hours trading, from close to flat to down almost 30%.Why is the market conflicted?On one hand, Pinterest's Q4 growth and guidance for the upcoming first quarter of 2024 were below ...

Pinterest Inc (NYSE:PINS) stock is plummeting this morning, down 10.3% to trade at $36.52 following a disappointing forecast from the social media company. Pinterest said first-quarter revenue will fall between $690 million and $705 million, with the middle of that range falling well below the average analyst estimate. And while the company beat on fourth-quarter earnings expectations, it fell short of revenue estimates.Puts are outpacing calls at an alarming rate following the report. So far, just 32,000 b ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

For the quarter ended December 2023, Pinterest (PINS) reported revenue of $981.26 million, up 11.9% over the same period last year. EPS came in at $0.53, compared to $0.29 in the year-ago quarter.The reported revenue represents a surprise of -0.74% over the Zacks Consensus Estimate of $988.62 million. With the consensus EPS estimate being $0.51, the EPS surprise was +3.92%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Save 4% 5% 6% 11% 12% $722 $486 $565 $618 $779 $123 $93 $114 $114 $162 $32 $24 $29 $31 $41 $877 $603 $708 $763 $981 Q422 Q123 Q223 Q323 Q423 4 Limitation of Key Metrics and Other Data +27% Rest of World Y/Y 4% 7% 8% 8% 11% 95 95 95 96 97 124 128 124 128 135 231 240 246 258 266 450 463 465 482 498 Q422 Q123 Q223 Q323 Q423 @ © 2024 Pinterest. All rights reserved. 2 For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the Appendix. All in ...

Pinterest, Inc. (NYSE:PINS) Q4 2023 Earnings Conference Call February 8, 2024 4:30 PM ET Company Participants Neil Doshi - VP, Head of IR William Ready - CEO Julia Donnelly - CFO Conference Call Participants Eric Sheridan - Goldman Sachs Ross Sandler - Barclays Rich Greenfield - Lightshed Partners Doug Anmuth - JPMorgan Mark Mahaney - Evercore Ron Josey - Citigroup Dan Salmon - New Street Research Kenneth Gawrelski - Wells Fargo Colin Sebastian - Baird Operator Good afternoon, and thank you for joining toda ...

As social media platforms compete to capture consumers’ impulse spending, Pinterest has been making changes to the shopping experience to drive in-app and on-site purchasing.The social media company shared Thursday (Feb. 8) on an earnings call accompanying the release of its fourth-quarter and full-year 2023 financial results that it is improving the buying process to drive monetization.“We … made significant advancements on the shoppability of the platform,” Pinterest CEO Bill Ready told analysts during th ...

Pinterest Inc (NYSE: PINS) crashed 20% in extended hours after reporting disappointing revenue for its fiscal fourth quarter.Pinterest stock down on muted guidanceCopy link to sectionInvestors are concerned also because the management issued downbeat guidance for the future. The social media and image sharing company now forecasts its revenue to fall between $690 million and $705 million in its current financial quarter. Analysts, in comparison, were at $703 million. Still, Bill Ready – the chief executive ...

A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022.Pinterest shares plummeted 25% in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue.Revenue: $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv.Earnings: 53 cents per share, adjusted, vs. 51 cents per share expected, according to LSEG.Revenue rose 12% year-over-year from $877. ...