Pinterest forecasts Q2 revenue above analyst estimates
Pinterest expects second-quarter revenue above estimates as AI-driven ad tools attract spending. Monthly active users rose to 631 million in the first quarter.
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Insights:
Xurve View
PINTEREST INC- CLASS A expects second-quarter revenue between $1.13B and $1.15B, exceeding the $1.11B analysts projected. First-quarter revenue rose 18% to $1.01B as AI-driven ad tools boosted advertiser engagement and spending. The forecast suggests Pinterest is successfully defending its niche against larger social media rivals through automation and personalization.
