These 3 Stocks Lowered Their Share Counts Drastically in Q1 Pinterest (NYSE:PINS) reported second-quarter revenue of $1.18 billion, up 18% year over year, as the company cited continued user growth, advertising-platform improvements and stronger sales execution in its U.S. and…
nada business. The company ended June with 640 million monthly active users, up 11% from a year earlier and representing its 12th consecutive quarter of record users
CEO Bill Ready said Pinterest’s strategy remains centered on visual discovery, shopping and artificial intelligence. He said the company is using AI across its consumer experience, advertising tools and internal operations, while working to better monetize the commercial intent of its users. User growth and AI product expansion – Pinterest Pins a Profit Play To Its Mood Board Pinterest reported 106 million monthly active users in the U.S. and Canada, up 4%; 157 million in Europe, up 8%; and 377 million in the rest of the world, up 15%.
Ready said Gen Z remained the company’s largest and fastest-growing audience segment, accounting for more than half of Pinterest’s user base. The company said its platform generates more than 80 billion monthly searches, most of them visual, and that more than half are commercial. Ready added that over 96% of text-based searches are unbranded, creating an opportunity for marketers to reach users before they have selected a product or brand. – Analysts Love These 3 Stocks Trading Near 52-Week Lows—Here’s Why During the quarter, Pinterest expanded Pinterest Assistant, its conversational AI layer.