Pinterest Stock Price, News & Analysis

Pinterest (NYSE: PINS) has announced that CEO Bill Ready will participate in the Goldman Sachs Communacopia + Technology Conference on September 11, 2024 at 8:10 a.m PT / 11:10 a.m. ET. A live webcast and replay of the presentation will be available on Pinterest's Investor Relations website.

The company also emphasized its use of the Investor Relations website as a platform for disclosing material nonpublic information and complying with Regulation FD disclosure obligations. Investors are advised to monitor this website, along with press releases, SEC filings, public conference calls, presentations, and webcasts, for important updates.

Pinterest (NYSE: PINS) reported strong Q2 2024 results, with revenue growing 21% year-over-year to $854 million. The company saw significant user growth, with global Monthly Active Users (MAUs) increasing 12% to 522 million. Pinterest achieved GAAP net income of $9 million and Adjusted EBITDA of $180 million.

Key highlights include:

• U.S. and Canada revenue up 19% to $673 million
• Europe revenue increased 25% to $143 million
• Rest of World revenue grew 32% to $38 million
• Global ARPU improved 8% to $1.64

For Q3 2024, Pinterest expects revenue between $885-$900 million, representing 16-18% year-over-year growth. The company's focus on AI-powered products and improved advertiser performance is driving market share gains among large brands.

Pinterest (NYSE: PINS) has announced it will release its second quarter 2024 financial results on Tuesday, July 30th, 2024, after market close. The company will host a conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. Investors can access a live webcast of the call and related earnings materials on Pinterest's Investor Relations website.

Pinterest utilizes its Investor Relations website to disclose material nonpublic information and comply with Regulation FD. The company advises investors to monitor this website, along with press releases, SEC filings, and public presentations, for important updates. Pinterest, a visual search and discovery platform launched in 2010, currently boasts over half a billion monthly active users worldwide.

MoneyLion (NYSE: ML) has appointed Jon Kaplan as its first Chief Revenue Officer (CRO). Kaplan, a tech veteran with experience at Pinterest and Google, will lead MoneyLion’s go-to-market strategy and expand its digital financial ecosystem. He aims to leverage data assets to create new revenue streams and enhance the company's market share. Kaplan previously served as CRO at Madhive and Pinterest, significantly increasing revenue at both companies. CEO Dee Choubey expressed confidence in Kaplan's ability to drive growth and innovation at MoneyLion.

Integral Ad Science (Nasdaq: IAS) has announced a partnership with Pinterest (NYSE: PINS) to enhance brand safety and suitability for advertisers. Utilizing its AI-driven Total Media Quality (TMQ) product, IAS will provide campaign insights, frame-by-frame analysis, and daily reporting in 39 countries and 40 languages. The collaboration aims to offer advertisers more transparency and confidence in their campaigns on Pinterest. This initiative aligns with the Global Alliance for Responsible Media (GARM) standards and includes features like Viewability, Invalid Traffic (IVT), and Brand Safety Measurement.

Pinterest, Inc. (NYSE: PINS) appointed Chip Bergh, former CEO of Levi Strauss & Co., to its Board of Directors. Chip brings vast retail expertise and leadership skills, having successfully revitalized Levi's brand. His strategic vision will enhance Pinterest's growth as an online shopping destination.

Pinterest, Inc. (NYSE: PINS) reported a 23% revenue growth in Q1 2024, reaching $740 million, alongside a record 518 million global monthly active users, up by 12%. The company's GAAP net loss was $25 million, with adjusted EBITDA at $113 million. Pinterest's CEO highlighted the success of AI investments and shoppability, leading to improved advertiser returns and access to performance budgets.