Pinterest beats quarterly estimates on digital ads boost
Portfolio Pulse from
Pinterest exceeded Wall Street expectations for its third-quarter revenue and profit, driven by strong advertising spending and AI investments.
November 07, 2024 | 9:30 pm
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Pinterest reported better-than-expected third-quarter revenue and profit, attributed to increased advertising spending and AI investments.
Pinterest's strong performance in Q3, driven by increased ad spending and AI investments, suggests a positive short-term impact on its stock price. Beating Wall Street estimates typically boosts investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100