""As the macroeconomic and digital ad landscape evolves, our strategy and consistent execution has made Pinterest more resilient than ever," Pinterest CEO Bill Ready said in a statement. "The fundamentals in the business are strong and we're continuing to see healthy growth.""
"Pinterest logged $172 million in first quarter adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA, which was higher than the $164 million that Wall Street was expecting. First quarter EBIDTA margin was 20% compared to analysts expectations of 19.4%."
Pinterest CEO Bill Ready rang the opening bell at the New York Stock Exchange following the company's announcement of first-quarter earnings that surpassed expectations. Pinterest reported revenue of $855 million and adjusted earnings per share of $0.23, both beating estimates. Looking ahead, the company anticipates second-quarter sales between $960 million and $980 million, surpassing analysts' expectations. With 570 million monthly active users, Pinterest demonstrates strong engagement even in a tough economic environment, marking it as a resilient player in the digital advertising market.
Read at www.cnbc.com
Unable to calculate read time
Collection
[
|
...
]