financetom
Business
financetom
/
Business
/
Pinterest's strong revenue forecast signals growing ad spend
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Pinterest's strong revenue forecast signals growing ad spend
May 26, 2025 4:35 AM

May 8 (Reuters) - Pinterest ( PINS ) forecast

current-quarter revenue above Wall Street estimates on Thursday,

a sign of growing advertising spend on the social media platform

despite uncertainty over marketing budgets.

The company's emphasis on direct response ads - designed to

prompt specific actions like shopping, app downloads or website

visits - continues to drive ad spend, even as brand awareness

advertising is weak.

Pinterest's ( PINS ) results follow the termination of a duty-free

import loophole in the U.S., which, combined with deepening

trade tensions, has constrained ad budgets for some social media

platforms.

But Facebook-parent Meta and Reddit ( RDDT ) topped

revenue expectations in the first quarter on strong ad sales. In

contrast, smaller rival Snap said that it would not

issue a quarterly forecast due to economic uncertainty, as

advertisers favor bigger platforms in tough times.

"As the macroeconomic and digital ad landscape evolves, our

strategy and consistent execution have made Pinterest ( PINS ) more

resilient than ever," CEO Bill Ready said in a statement.

Pinterest's ( PINS ) Gen Z users, who comprise over 40% of its user

base, along with its artificial intelligence tools for creating

personalized ad campaigns, make the social media platform

increasingly attractive to advertisers.

The company expects second-quarter revenue of $960 million

to $980 million, the midpoint of which was above the analysts'

average estimate of $966.3 million, according to data compiled

by LSEG.

It expects adjusted earnings before interest, taxes,

depreciation and amortization of $217 million to $237 million

for the second quarter, compared with estimates of $233.1

million.

Revenue grew 16% to $855 million for the first quarter ended

March 31, beating estimates of $846.6 million.

Global monthly active users on the platform rose 10% to 570

million, exceeding estimates of 564 million.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved