Pinterest Inc Says It Expect To Be At High End Of High Single Digit Range For Year Over Year Revenue Growth For Q3 2023; Expect To Deliver Roughly 400 Basis Points Of Adjusted EBITDA Margin Expansion Year Over Year For The Full Year 2023
Portfolio Pulse from Benzinga Newsdesk
Pinterest Inc has announced its financial expectations for Q3 2023, stating that it anticipates being at the high end of the high single-digit range for year-over-year revenue growth. Additionally, the company expects to deliver roughly 400 basis points of adjusted EBITDA margin expansion year over year for the full year 2023.
September 20, 2023 | 1:21 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pinterest's announcement of expected high single-digit revenue growth and significant EBITDA margin expansion for 2023 indicates a positive financial outlook, which could potentially boost investor confidence and positively impact the company's stock price in the short term.
The company's announcement of expected high revenue growth and EBITDA margin expansion indicates strong financial performance and profitability for 2023. This positive outlook could attract more investors, leading to increased demand for the company's stock and potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100