Pinterest's Expenses Rose Faster Than Revenue But Monetization Efforts Are Well Underway
Portfolio Pulse from Upwallstreet
Pinterest's Q2 revenue rose 6% YoY to $708 million, beating estimates, but expenses also grew 11% YoY to $781 million. The company signed a multi-year deal with Amazon to feature third-party ads, which is progressing faster than anticipated. Meanwhile, Meta Platforms reported a return to double-digit revenue growth, while Snap's shares fell over 17% due to poor guidance and declining sales.
August 07, 2023 | 2:25 pm
News sentiment analysis
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NEGATIVE IMPACT
Snap's shares fell over 17% due to poor guidance and declining sales.
Poor guidance and declining sales are negative indicators for Snap, which could negatively impact its stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 50
NEUTRAL IMPACT
Pinterest's expenses grew faster than its revenue, but it has signed a promising deal with Amazon.
While Pinterest's expenses are growing faster than its revenue, which is a concern, the company's deal with Amazon could potentially boost its revenue in the future.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Amazon has signed a multi-year deal with Pinterest to feature third-party ads.
The deal with Pinterest could potentially increase Amazon's visibility and sales, which would be positive for its stock.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Meta Platforms has returned to double-digit revenue growth.
Returning to double-digit revenue growth is a positive sign for Meta Platforms and could boost its stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 50