fromwww.retaildive.com
1 day agoPinterest not satisfied' with Q4 revenue, points to tariffs
Pinterest's fourth-quarter revenue jumped 14.3% year over year to $1.3 billion, the social media company announced Thursday. Full-year revenue increased 15.8% from a year earlier to $4.2 billion. The company's Q4 net income plummeted 85% from a year prior to $277 million. Its full-year net income dropped 77.6% to $416.9 million. In a call with analysts, Pinterest CEO Bill Ready attributed the company's Q4 earnings results, in part, to retailers reducing ad spend due to tariffs.
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