Last month, Meta Platforms, Reddit, and Pinterest faced stock declines due to concerns over tariffs and policy changes affecting China e-commerce. Despite these challenges, Pinterest's positive sales forecast for the June quarter reassured investors, boosting stock prices. Pinterest's CEO, Bill Ready, emphasized the health of their business and the efficacy of their product improvements. CFO Julia Donnelly noted a dip in U.S. ad spending from Chinese firms, yet mentioned a diversification in ad expenditures toward European markets, showing resilience within the sector and a potential for continued growth amid uncertainties.
Our business, including our top line revenue growth, remains healthy," Pinterest Chief Executive Bill Ready told analysts on a conference call.
However, we've also seen a geographic diversification from some of those Asia-based retailers to our European and Rest of World user regions," Donnelly stated.
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