Q3 Revenue of $898 million, an increase of 18% Record 537 million global monthly active users, an increase of 11% Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended September 30, 2024. Q3 revenue grew 18% year over year to $898 million. Global Monthly Active Users ("MAUs") increased 11% year over year to 537 million. GAAP net income was $31 million for Q3. Adjusted EBITDA* was $242 million for Q3. Total costs and expenses were $904 million. "We delivered another strong quarter with users reaching another all-time high of 537 million and revenue growth at 18%," said Bill Ready, CEO of Pinterest. "Our AI investments are driving results by powering

Pinterest, Inc. (NYSE:PINS) will release financial results for the third quarter 2024 on Thursday, November 7th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying

Pinterest, Inc. (NYSE:PINS) announced today that Bill Ready, CEO, will participate in the Goldman Sachs Communacopia + Technology Conference. The session is scheduled for September 11, 2024 at 8:10 a.m PT / 11:10 a.m. ET. A live webcast and replay of the presentation will be publicly available on Pinterest's Investor Relations website at investor.pinterestinc.com. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company's Investor Relations website, in addition to foll

Q2 Revenue of $854 million, an increase of 21% Record 522 million global monthly active users, an increase of 12% Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended June 30, 2024. Q2 revenue grew 21% year over year to $854 million. Global Monthly Active Users ("MAUs") increased 12% year over year to 522 million. GAAP net income was $9 million for Q2. Adjusted EBITDA was $180 million for Q2. Total costs and expenses were $875 million. "We had another impressive quarter, reporting a 21% increase in revenue and 12% growth in monthly active users globally," said Bill Ready, CEO of Pinterest. "Our monetization efforts are paying off. Advertiser

Pinterest, Inc. (NYSE:PINS) will release financial results for the second quarter 2024 on Tuesday, July 30th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying

MoneyLion ("MoneyLion") (NYSE:ML), a financial technology ecosystem leader empowering everyone to make their best financial decisions, today announced the appointment of Jon Kaplan as the company's first Chief Revenue Officer ("CRO"). Kaplan brings a wealth of experience and a proven track record of driving growth and innovation at iconic technology companies, including Pinterest (NYSE:PINS) and Google (NASDAQ:GOOG). In this role, Kaplan will lead MoneyLion's go-to-market strategy, with a focus on expanding the market share of MoneyLion's leading digital financial ecosystem. He will also leverage MoneyLion's data assets to deliver new revenue opportunities and drive success for MoneyLion'

New Total Media Quality for Pinterest Gives Advertisers Safeguards Across a Total of 39 Countries in 40 Languages NEW YORK, June 13, 2024 /PRNewswire/ -- Integral Ad Science (NASDAQ:IAS), a leading global media measurement and optimization platform, today announced a partnership with Pinterest (NYSE:PINS) to provide global advertisers with greater transparency into campaigns across Pinterest's in-app feed through IAS's AI-driven Total Media Quality (TMQ) Brand Safety and Suitability product. "Marketers are looking for brand safe destinations to reach highly engaged audiences

Pinterest, Inc. (NYSE:PINS) today announced that it has appointed Charles "Chip" Bergh, former Chief Executive Officer of Levi Strauss & Co., to its Board of Directors, effective May 9. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509458753/en/Pinterest Appoints Chip Bergh to Board of Directors (Photo: Business Wire) "With an illustrious career spanning over four decades, Chip brings a wealth of retail expertise and visionary leadership to our board," said Bill Ready, Chief Executive Officer of Pinterest. "He has transformed some of the generation's most iconic retail and consumer packaged goods brands, and his strategic vi

Q1 Revenue of $740 million, an increase of 23%, nearly doubling growth rate from prior quarter Record 518 million global monthly active users, an increase of 12% Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended March 31, 2024. Q1 revenue grew 23% year over year to $740 million. Global Monthly Active Users ("MAUs") increased 12% year over year to 518 million. GAAP net loss was $25 million for Q1. Adjusted EBITDA was $113 million for Q1. Total costs and expenses were $794 million. "Q1 was a milestone quarter for Pinterest as we reached new highs: surpassing half a billion monthly active users and reporting 23% revenue growth – our fastest

Pinterest, Inc. (NYSE:PINS) will release financial results for the first quarter 2024 on Tuesday, April 30th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying

MoneyLion ("MoneyLion") (NYSE:ML), a financial technology ecosystem leader empowering everyone to make their best financial decisions, today announced the appointment of Jon Kaplan as the company's first Chief Revenue Officer ("CRO"). Kaplan brings a wealth of experience and a proven track record of driving growth and innovation at iconic technology companies, including Pinterest (NYSE:PINS) and Google (NASDAQ:GOOG). In this role, Kaplan will lead MoneyLion's go-to-market strategy, with a focus on expanding the market share of MoneyLion's leading digital financial ecosystem. He will also leverage MoneyLion's data assets to deliver new revenue opportunities and drive success for MoneyLion'

Pinterest, Inc. (NYSE:PINS) today announced that it has appointed Charles "Chip" Bergh, former Chief Executive Officer of Levi Strauss & Co., to its Board of Directors, effective May 9. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240509458753/en/Pinterest Appoints Chip Bergh to Board of Directors (Photo: Business Wire) "With an illustrious career spanning over four decades, Chip brings a wealth of retail expertise and visionary leadership to our board," said Bill Ready, Chief Executive Officer of Pinterest. "He has transformed some of the generation's most iconic retail and consumer packaged goods brands, and his strategic vi

Pinterest, Inc., (NYSE:PINS) today announced it has appointed Scott Schenkel, former Chief Financial Officer and Interim Chief Executive Officer of eBay, to its Board of Directors. "Scott is recognized as one of the industry's top financial and ecommerce experts," said Bill Ready, Chief Executive Officer of Pinterest. "He's widely respected for the operational discipline, business rigor, and financial acumen he's brought to major global companies, notably at eBay and GE. What's more, while at eBay, Scott oversaw its advertising investment in Pinterest and therefore brings a first-hand customer perspective to the table. Scott is an ideal fit for our Board of Directors and we're thrilled to

WEST PALM BEACH, Fla., Aug. 1, 2022 /PRNewswire/ -- Elliott Investment Management L.P. (together with its affiliates, "Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding Pinterest, Inc. (NYSE:PINS) (the "Company" or "Pinterest"): Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has led us to become the Company's largest investor. As the market-leading platform at the intersection of social media, search and commerce, Pinterest occupies a unique position in the advertising and shopping ecosystems, an

Pinterest, Inc. (NYSE:PINS) today announced that co-founder, Chief Executive Officer and President, Ben Silbermann will transition to the newly created role of Executive Chairman, and online commerce expert Bill Ready will become Chief Executive Officer and a member of the Board of Directors, effective June 29, 2022. Ready is joining Pinterest from Google, where he served as President of Commerce, Payments & Next Billion Users and oversaw Google's vision, strategy and the delivery of its commerce products. Prior to Google, Ready served in various senior leadership roles at PayPal, including Executive Vice President and Chief Operating Officer. With over 400 million monthly active users, P

SAN FRANCISCO--(BUSINESS WIRE)--Gap Inc. (NYSE: GPS) announced today that Salaam Coleman Smith has been elected to serve on the Gap Inc. Board of Directors, effective March 22, 2021. Salaam is a media industry leader with extensive business, creative and operating expertise. At the Walt Disney Company, Salaam served as Executive Vice President at the Disney ABC Television Group overseeing Strategy and Programming for ABC Family and Freeform. Salaam directed long-term growth strategies for the network, key business and creative partnerships and overall content strategy for linear and digital platforms, including mobile and streaming platforms. “This past year has been a pivotal o

Q3 Revenue of $898 million, an increase of 18% Record 537 million global monthly active users, an increase of 11% Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended September 30, 2024. Q3 revenue grew 18% year over year to $898 million. Global Monthly Active Users ("MAUs") increased 11% year over year to 537 million. GAAP net income was $31 million for Q3. Adjusted EBITDA* was $242 million for Q3. Total costs and expenses were $904 million. "We delivered another strong quarter with users reaching another all-time high of 537 million and revenue growth at 18%," said Bill Ready, CEO of Pinterest. "Our AI investments are driving results by powering

Pinterest, Inc. (NYSE:PINS) will release financial results for the third quarter 2024 on Thursday, November 7th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying

Q2 Revenue of $854 million, an increase of 21% Record 522 million global monthly active users, an increase of 12% Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended June 30, 2024. Q2 revenue grew 21% year over year to $854 million. Global Monthly Active Users ("MAUs") increased 12% year over year to 522 million. GAAP net income was $9 million for Q2. Adjusted EBITDA was $180 million for Q2. Total costs and expenses were $875 million. "We had another impressive quarter, reporting a 21% increase in revenue and 12% growth in monthly active users globally," said Bill Ready, CEO of Pinterest. "Our monetization efforts are paying off. Advertiser

Pinterest, Inc. (NYSE:PINS) will release financial results for the second quarter 2024 on Tuesday, July 30th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying

Q1 Revenue of $740 million, an increase of 23%, nearly doubling growth rate from prior quarter Record 518 million global monthly active users, an increase of 12% Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter ended March 31, 2024. Q1 revenue grew 23% year over year to $740 million. Global Monthly Active Users ("MAUs") increased 12% year over year to 518 million. GAAP net loss was $25 million for Q1. Adjusted EBITDA was $113 million for Q1. Total costs and expenses were $794 million. "Q1 was a milestone quarter for Pinterest as we reached new highs: surpassing half a billion monthly active users and reporting 23% revenue growth – our fastest

Pinterest, Inc. (NYSE:PINS) will release financial results for the first quarter 2024 on Tuesday, April 30th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying

Q4 Revenue of $981 million grew 12%, marking continued double-digit revenue growth in the second half of 2023 Global monthly active users reached an all-time high of 498 million Pinterest, Inc. (NYSE:PINS) today announced financial results for the quarter and year ended December 31, 2023. Q4 revenue grew 12% year over year to $981 million. 2023 revenue increased 9% year over year to $3,055 million. Global Monthly Active Users (MAUs) increased 11% year over year to 498 million. GAAP net income was $201 million for Q4. GAAP net loss was $36 million for 2023. Adjusted EBITDA was $365 million and $683 million for Q4 and 2023, respectively. Total costs and expenses were $785 mill

Pinterest, Inc. (NYSE:PINS) will release financial results for the fourth quarter and full year 2023 on Thursday, February 8th, 2024 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information

Brightcove Inc. (NASDAQ:BCOV), the world's most trusted streaming technology company, today announced financial results for the third quarter ended September 30, 2023. "Our third quarter results were highlighted by double-digit adjusted EBITDA growth and margins, as well as revenue and profitability that were at or above the high end of our guidance ranges. Our continued strength in new business in both our Enterprise and Media end-markets, including important new customer wins, demonstrates the success of our strategy and the long-term opportunity we see. Our focus in the coming quarters is to build upon this success, our market-leading position in streaming, and deliver improved year-ov

Pinterest, Inc. (NYSE:PINS) will release financial results for the third quarter 2023 on Monday, October 30th, 2023 after market close. The company will host its quarterly conference call to discuss these results at 1:30 p.m. PT (4:30 p.m. ET) on the same day. A live webcast of the conference call and related earnings release materials can be accessed on Pinterest's Investor Relations website at investor.pinterestinc.com. A replay of the webcast will be available through the same link following the conference call. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complyin

Wedbush upgraded Pinterest from Neutral to Outperform and set a new price target of $38.00

Oppenheimer initiated coverage of Pinterest with a rating of Outperform and set a new price target of $45.00

Deutsche Bank initiated coverage of Pinterest with a rating of Buy and set a new price target of $43.00

Cantor Fitzgerald initiated coverage of Pinterest with a rating of Overweight and set a new price target of $41.00

Barclays reiterated coverage of Pinterest with a rating of Equal Weight and set a new price target of $36.00 from $38.00 previously

Wells Fargo reiterated coverage of Pinterest with a rating of Overweight and set a new price target of $41.00 from $49.00 previously

KeyBanc Capital Markets reiterated coverage of Pinterest with a rating of Overweight and set a new price target of $43.00 from $45.00 previously

Piper Sandler reiterated coverage of Pinterest with a rating of Overweight and set a new price target of $45.00 from $52.00 previously

Citigroup reiterated coverage of Pinterest with a rating of Buy and set a new price target of $44.00 from $51.00 previously

JP Morgan reiterated coverage of Pinterest with a rating of Neutral and set a new price target of $38.00 from $44.00 previously

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Ratings for Pinterest (NYSE:PINS) were provided by 18 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 7 6 0 0 Last 30D 0 0 1 0 0 1M Ago 1 1 1 0 0 2M Ago 0 1 0 0 0 3M Ago 4 5 4 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $46.83, a high estimate of $52.00, and a low estimate of $38.00. This current average reflects an increase of 6

Wedbush analyst Scott Devitt reiterates Pinterest (NYSE:PINS) with a Neutral and maintains $46 price target.

Morgan Stanley analyst Brian Nowak maintains Pinterest (NYSE:PINS) with a Equal-Weight and raises the price target from $35 to $38.

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Salesforce, Inc. (NYSE:CRM) has been a huge winner and recommended holding the stock. “It does have trouble getting traction,” he added. Salesforce reportedly cut around 300 roles to streamline operations, highlighting the tech industry's ongoing focus on cost control. ADMA Biologics, Inc. (NASDAQ:ADMA) has been a rocket, Cramer said. “If I were you, I would take some off the table.” On May 9, ADMA Biologics reported better-than-expected first-quarter financial results and issued strong FY24 and FY25 revenue guidance. When asked about Ouster, Inc. (NYSE:OUST), he said, “I would actually take some off the table. It's another p

Investors are watching Pinterest, Inc. (NYSE:PINS) shares after Grizzly Research released a short report on the company.  The Details: Grizzly Research released the report titled, “We Believe Pinterest is in a Death Spiral but Misleadingly Doctors its Terrible Performance Statistics” which contains claims user engagement on the platform is falling.  Benzinga contacted Pinterest for comment but did not receive a response prior to publication. The Grizzly Research report claims that the platform's number of reported active users has been stagnant, and the company focuses on "Monthly Active Users" as its predominant KPI metric to "conceal the decline in user engagement and value." 

https://grizzlyreports.com/we-believe-pinterest-inc-nyse-pins-is-in-a-death-spiral-but-misleadingly-doctors-its-terrible-performance-statistics/ 

Wolfe Research analyst Shweta Khajuria initiates coverage on Pinterest (NYSE:PINS) with a Peer Perform rating.

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume PINS CALL SWEEP BULLISH 07/19/24 $41.50 $25.2K 11 1.4K META CALL TRADE BULLISH 07/19/24 $495.00 $69.2

- Reuters