Reported about 6 hours ago
Pinterest has projected first-quarter revenue exceeding market estimates, fueled by its AI-driven advertising tools, leading to a 19% surge in its share price. This optimistic forecast follows a strong fourth quarter, with record monthly active users and revenue propelled by the holiday shopping season. The company aims to leverage its growing Gen Z audience and strategic partnerships with Google and Amazon to diversify its revenue streams, although challenges remain in enhancing global ad spending.
Source: YAHOO