Entravision & Pinterest Ink Global Deal: Tapping Unserved Ad Markets And Beyond
Portfolio Pulse from Lekha Gupta
Entravision Communications Corp (EVC) has announced an international sales partnership with Pinterest Inc (PINS). The deal will allow Entravision to provide advertisers outreach and campaign management in several countries where Pinterest doesn't serve ads, including Southeast Asia, Latin America, Africa, Europe, and the Middle East. Financial terms of the deal were not disclosed.
October 06, 2023 | 3:45 pm
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POSITIVE IMPACT
The partnership with Pinterest could potentially open up new revenue streams for Entravision, as it will be able to serve ads in regions where Pinterest currently does not.
The partnership with Pinterest allows Entravision to tap into unserved ad markets, potentially increasing its revenue. The impact on the stock price is likely to be positive in the short term as investors react to the news of the partnership.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The partnership with Entravision could help Pinterest expand its ad reach to regions where it currently does not serve ads, potentially increasing its ad revenue.
The partnership with Entravision allows Pinterest to expand its ad reach to regions where it currently does not serve ads. This could potentially increase its ad revenue, which would likely have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100