All articles tagged with #pinterest
Twitter and Pinterest founders have launched a new app as an alternative to traditional social media platforms, aiming to provide a different experience for users seeking alternatives to mainstream social networks.
Pinterest's stock dropped over 22% after its Q3 earnings missed estimates, despite user growth, due to concerns about slowing growth, macroeconomic factors, and potential risks from AI advancements. Analysts remain bullish on the stock's long-term prospects, but some express caution about future challenges.
Pinterest's recent AI initiatives, including the Pinterest Assistant, failed to impress investors due to weaker-than-expected guidance and concerns over softer ad spending linked to trade tariffs, leading to a 21% drop in shares despite user growth and advancements in visual search technology.
Pinterest's stock dropped over 21% after its Q3 earnings missed expectations, with revenue in line but EPS below forecasts. User growth was strong, but tariffs and cautious ad spending by retailers impacted ad revenue, leading to lowered guidance for Q4. The company is focusing on AI-powered shopping features and partnerships to boost monetization, but investor confidence remains cautious amid softer growth signals.
Pinterest's stock dropped over 20% after missing Q3 earnings estimates and providing a weak Q4 revenue outlook, amid signs of moderating ad spend and market uncertainty, despite a 17% revenue growth and increased user base in Q3.
Pinterest has introduced a 'tuner' tool allowing users to reduce AI-generated content in their feeds for categories like beauty, art, fashion, and home decor, but it does not eliminate AI content entirely. The feature is available on Android and desktop, with iPhone support coming soon, and is part of Pinterest's broader efforts to manage AI infestation with labels and detection tools.
Pinterest, Monster Beverage, Bath & Body Works, and Trump Media are among the stocks experiencing significant premarket movements. Investors are closely watching these companies for potential trading opportunities as market dynamics shift.
Pinterest's fourth-quarter revenue forecast disappointed investors, leading to a 12% drop in its shares, as it failed to match the performance of larger online ad sellers during the holiday season. The company announced a new $2 billion stock buyback program and highlighted its new Performance+ suite, which uses AI tools to enhance ad campaigns. However, adoption of these features has been slow, and there is softness in the food and beverage advertising sector. Despite this, Pinterest's revenue grew 18% in the last quarter, with global monthly active users rising 11%.
Pinterest's stock dropped by up to 15% after the company issued weak revenue guidance for the fourth quarter, despite surpassing expectations in its third-quarter earnings. The company reported $898 million in revenue and 40 cents per share in adjusted earnings, both above estimates. However, its fourth-quarter revenue forecast of $1.125 billion to $1.145 billion fell short of analyst expectations. The decline is attributed to ongoing weaknesses in the food and beverage advertising sector. Pinterest also announced a $2 billion share buyback, while its expenses rose due to investments in AI and R&D.
Goldman Sachs analysts recommend diversifying portfolios by investing in AI beneficiaries beyond high momentum stocks. They specifically suggest considering Pinterest, a visually oriented social media platform with a focus on AI technology, Coupang, a Korean e-commerce leader utilizing AI-powered machine learning, and Amazon, a global online retail giant with a wide range of AI-driven services. These companies have shown strong financial performance and are expected to benefit from the broadening AI trade.
Several stocks are experiencing significant midday movements, including Pinterest, Cloudflare, PepsiCo, and Expedia. The market is closely monitoring these developments as investors assess their impact on the overall financial landscape.
PepsiCo, Cloudflare, Pinterest, Expedia, and more are among the stocks making significant moves in premarket trading.
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's stock initially dropped 23% after reporting a revenue miss and offering modest guidance, but later rallied to a slight gain in extended trading. The company's fiscal fourth-quarter net income rose significantly, with revenue increasing 12% to $981.3 million. Despite a dip in food and beverage advertising, Pinterest's global monthly active users reached an all-time high of 498 million. The company is working on an AI-based automated advertising system and has partnered with Google for third-party ad integration. Analysts note that Pinterest's performance faces scrutiny in comparison to Meta's recent blowout earnings, and the stock has surged 64% over the last year.
Pinterest's stock tumbled in after-hours trading as the company reported mixed fourth-quarter results, with adjusted earnings per share beating estimates but revenue falling short at $981.3 million versus the $990.2 million estimate. Monthly active users exceeded expectations, but the first-quarter revenue guidance of $690 million to $705 million was below analysts' forecasts. The company's CEO highlighted a transformative year and record global monthly active users, but concerns about revenue miss and geopolitical conflicts led to a sharp decline in Pinterest's shares.