Pinterest projects revenue above estimates as AI tools boost ad spend

Quick Summary:

Pinterest forecast first-quarter revenue above market estimates on Thursday, betting on the image-sharing platform's artificial intelligence-powered advertising tools to boost ad spend, sending its shares up 22 per cent in extended trading.

Adjusted profit per share of 56 cents missed estimates of 65 cents due to certain tax adjustments in the quarter.

People are coming to Pinterest more often, the platform has never been more actionable," CEO Bill Ready said in a statement.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Revenue Forecast Cent Users Company Pinterest Platform Quarter First-quarter Estimates Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 05:12:50 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25945385

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