Pinterest: Why I'm Aggressively Buying The Q3 Dip
Portfolio Pulse from
Pinterest's Q3 FY24 earnings report showed strong revenue and EBITDA growth, but investor confidence was shaken by declining ad pricing in international markets and concerns over AI investments. Despite these issues, the long-term growth potential remains strong due to a growing Gen Z user base and AI-driven engagement improvements.
November 10, 2024 | 2:00 pm
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Pinterest reported strong Q3 FY24 earnings with 18% YoY revenue growth and 31% YoY Adjusted EBITDA growth. Despite concerns over declining ad pricing and AI investments, the long-term growth outlook remains positive due to a growing Gen Z user base and AI-driven engagement improvements.
Pinterest's strong revenue and EBITDA growth indicate robust business performance. Concerns over ad pricing and AI investments are seen as temporary, with long-term growth driven by Gen Z and AI engagement. This suggests a positive outlook for PINS stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100