Pinterest's Stock Slides Amid New Ad Deal with Google
TL;DR Summary
Pinterest announces a new ad partnership with Google as it approaches 500 million monthly active users, aiming to boost ad revenue, particularly in international markets. Despite Q4 2023 earnings falling below analyst expectations, the stock rebounded after the announcement. CEO Bill Ready highlighted the potential of the Google deal to increase revenue per user in international markets and discussed the company's efforts to grow user engagement through AI-driven features and new formats.
- Pinterest announces a new ad deal with Google as it approaches 500M MAUs TechCrunch
- Pinterest Stock Slides as Earnings Edge Past Estimates But Sales Miss Barron's
- Pinterest announces major ad partnership with Google Search Engine Land
- Pinterest shares drop on weak outlook, revenue miss CNBC
- Pinterest slides as smaller players battle for share of ad market Reuters
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