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☆ Pinterest shares soar 18% on earnings beat, strong revenue growth
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021. Pinterest reported 518 global monthly active users (MAUs) for the first quarter, up 12% year over year. In its first-quarter release, Pinterest CEO Bill Ready said the company is driving greater returns for advertisers because of its investments in AI and shoppability. Meta , Snap and Google parent Alphabet all reported first-quarter results last week that exceeded analysts' estimates for revenue. For its second quarter, Pinterest expects to report revenue between $835 million and $850 million, which equates to growth of 18% to 20% year over year.

Persons: Pinterest, MAUs, StreetAccount, Bill Ready Organizations: Digital

☆ Pinterest shares bounce back after CEO announces app deal with Google
▼ + stars: | 2024-02-08 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Pinterest shares plummeted in extended trading on Thursday after the company issued a weaker-than-expected forecast and missed on revenue. Revenue : $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv. : $981 million vs. $991 million expected, according to LSEG, formerly known as Refinitiv. Earnings: 53 cents per share, adjusted, vs. 51 cents per share expected, according to LSEG. Prior to Thursday's report, Pinterest shares were up 9.5% this year after surging 53% in 2023.

Persons: Pinterest, Bill Ready, Evan Spiegel Organizations: Revenue, Google Locations: Toronto , Ontario, Canada, LSEG, Ukraine

☆ There's still 'a lot of tailwinds' for Pinterest, says CEO Bill Ready
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's still 'a lot of tailwinds' for Pinterest, says CEO Bill ReadyCNBC's Julia Boorstin talks with Bill Ready, Pinterest CEO, about quarterly results, AI initiatives, and more.

Persons: Bill Ready, Julia Boorstin

☆ Pinterest surges after earnings. Why Jim Cramer sees the stock as a long-term winner
▼ + stars: | 2023-10-31 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Tuesday he believes in Pinterest 's (PINS) reinvention plan, pointing to the social media platform's strong third-quarter earnings report as evidence. "This is now going to be – along with [Instagram parent] Meta – a destination for you to advertise at," Cramer said. Pinterest's recent ad partnership with Amazon (AMZN) — which also is owned by Cramer's Trust — is "very smart," Cramer said. On Pinterest's earnings call Monday, Ready said the company is pleased with the Amazon partnership, which was announced in late April. He reiterated that Pinterest expects the "most meaningful" revenue impact to show up starting in early 2024.

Persons: CNBC's Jim Cramer, Pinterest, Bill Ready, Cramer, Jim Cramer's, Ready Organizations: Meta, Trust, CNBC, Club, Facebook, Amazon, Cramer's Trust

☆ Pinterest stock rockets 18% after earnings beat, advertising outlook
▼ + stars: | 2023-10-31 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +3 min

Pinterest stock rose more than 18% Tuesday after beating earnings estimates for the third quarter and assuaging concerns over potential ad revenue loss due to the Israel-Hamas war. The company posted an adjusted earnings per share of 28 cents, beating the LSEG estimate of 20 cents. Pinterest also soundly beat revenue expectations, reporting $763.2 million, versus analysts' estimates of $743.5 million. For much of earnings season, the market has been skittish toward companies reliant on ad revenue due to the unclear future effects of the Israel-Hamas war. Pinterest's mobile deep linking ad product was also a highlight, due to its more than 200% increase in the conversion rate, wrote the Barclays analysts.

Persons: Pinterest, Susan Li, Bill Ready, Gen, Morgan Stanley, Jonathan Vanian Organizations: Meta, Barclays, Citi, Pinterest, Shop, CNBC Locations: Israel

☆ Watch CNBC's full interview with Pinterest CEO Bill Ready
▼ + stars: | 2023-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Pinterest CEO Bill ReadyPinterest CEO Bill Ready joins 'Squawk on the Street' to discuss the key factors that accelerated revenue growth faster than anticipated, the company's guidance for Q4, and more.

Persons: Bill Ready

☆ Pinterest beats third-quarter revenue estimates on ad market recovery
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 30 (Reuters) - Pinterest (PINS.N) beat third-quarter revenue estimates on Monday, as a stabilizing digital advertising market helped draw marketers to the image-sharing platform ahead of the holiday season. Brokerages including Bernstein have been optimistic about the benefits from the partnership, saying it could drive up Pinterest's fourth-quarter revenue. The San-Francisco, California-based company's revenue rose 11% to $763.2 million for the quarter ended Sept. 30, compared with Wall Street estimates of $743.5 million, according to LSEG data. Global monthly active users (MAUs) on the image-sharing platform rose 8% to 482 million.

Persons: Dado Ruvic, Bernstein, Bill Ready, Jaspreet Singh, Shailesh Organizations: REUTERS, Global, Magna, Thomson Locations: San, Francisco , California, Bengaluru

☆ Pinterest jumps on better-than-expected third-quarter results
▼ + stars: | 2023-10-30 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019. Pinterest reported third-quarter earnings on Monday that beat on the top and bottom lines. Here's how the company did:Revenue : $763.2 million vs. $743.5 million expected, according to LSEG, formerly known as Refinitiv. : $763.2 million vs. $743.5 million expected, according to LSEG, formerly known as Refinitiv. For the fourth quarter, Pinterest said it expects revenue growth of 11% to 13%.

Persons: Pinterest, Bill Ready, Susan Li, wouldn't, Brad Gerstner Organizations: New York Stock Exchange, Meta, Company Locations: Israel

☆ Buy this social media platform with upside of more than 20%, HSBC says
▼ + stars: | 2023-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Mohammed Khallouf initiated coverage of the social media platform with a buy rating and a price target of $32.10. That target indicates that Khallouf thinks shares can rise 23.2% from Monday's close. Overall revenue also rose on an annualized basis in the first half of 2023, which Khallouf said was especially notable given smaller social media platforms struggled in the period. Pinterest's recent agreement to use Amazon for third-party advertisements should also improve monetization for the company, Khallouf noted. Shares rose marginally before the bell on Tuesday following the call.

Persons: Mohammed Khallouf, Khallouf, Bill Ready, Pinterest, — CNBC's Michael Bloom Organizations: HSBC Locations: Monday's

☆ Pinterest shares rally after executives tell Wall Street that growth is reaccelerating
▼ + stars: | 2023-09-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Pinterest shares rose as much as 5% and closed up 3% on Tuesday after company executives said they expect year-over-year revenue growth to accelerate following a slowdown in 2022 and 2023. Revenue growth was under 9% last year and analysts are projecting expansion of about 8% this year. In April, Pinterest announced an advertising partnership with Amazon . Pinterest stock is up 8% this year, trailing the Nasdaq's nearly 31% gain. WATCH: Pinterest's Amazon partnership will help the shopping experience, says venture capitalist Kamran Ansari

Persons: Pinterest, Ben Silbermann, Pinterest's, Bill Ready, Martha Welsh, Julia Donnelly, Donnelly, Kamran Ansari Organizations: New York Stock Exchange, Google, Amazon

☆ Here are Thursday's biggest analyst calls: Apple, Amazon, Nvidia, Adobe, Pinterest, TJX, SoFi & more
▼ + stars: | 2023-08-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Citi reiterates Nvidia as buy Citi said it's bullish heading into Nvidia earnings next week. Citi reiterates Apple as buy Citi said it's bullish heading into the company's iPhone 15 launch. Oppenheimer reiterates Nvidia as outperform Oppenheimer said it's bullish on shares of Nvidia heading into earnings next week. Bank of America reiterates TJX Companies as buy Bank of America said the stock is "well positioned for continued market share gains." Bank of America reiterates Wells Fargo as buy Bank of America said Wells Fargo has one of the most attractive risk/rewards of the big banks.

Persons: it's, Charles Schwab, Jefferies, KeyBanc, Key, Oppenheimer, Rosenblatt, Evercore, Bill Ready, Meta, SoFi, Wells, Wells Fargo Organizations: Citi, Nvidia, NVIDIA, JPMorgan, Deutsche Bank, Deutsche, Novartis, Amgen, Apple, Arista, Networking, BMO, Green, Bank of America, Adobe, of America Adobe, TJX Companies, Enphase Energy Locations: Mexico, Sunrun

☆ Top tech analyst Mark Mahaney adds this social stock to his list of top picks
▼ + stars: | 2023-08-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The widely followed analyst named the social media stock his favorite name within the firm's internet small/mid-caps universe. Mahaney pointed to the company's partnership with Amazon as a potential driver of advertising growth, and said Pinterest also had opportunities to further monetize its platform. "It appears that the Amazon partnership is progressing faster than expected, and we believe this can bring materially incremental advertiser demand to the Pinterest platform," Mahaney said. "Unlike some other Online Advertisers whose tools are communication-based or consumption-based, we believe Pinterest's primary use cases (inspiration, discovery, action) may face relatively less competition," Mahaney said. Pinterest stock has climbed 10% in 2023.

Persons: Evercore, Mark Mahaney, Mahaney, Pinterest, Bill Ready's, Bill Ready, Michael Bloom Organizations: Amazon

☆ Pinterest CEO Bill Ready talks quarterly earnings with Jim Cramer
▼ + stars: | 2023-08-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Pinterest CEO Bill Ready joins 'Mad Money' host Jim Cramer to talk Pinterest quarterly earnings. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Bill Ready, Jim Cramer

☆ Pinterest expenses skyrocket during the second quarter
▼ + stars: | 2023-08-01 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Pinterest shares sank about 4% after the company's second-quarter earnings report revealed expenses grew faster than revenue. Revenue : $708 million vs. $696 million expected, according to Refinitiv. : $708 million vs. $696 million expected, according to Refinitiv. Sales in the company's second quarter jumped 6% year over year, while net losses narrowed by 19% to $35 million, or 5 cents per share, from $43.1 million, or 7 cents per share, a year earlier. Pinterest said its total costs and expenses were $781 million during the second quarter, an 11% increase from the $700 million it recorded the previous year during the same period.

Persons: Pinterest, Bill Ready, we've, Meta Organizations: New York Stock Exchange, Facebook, Meta

☆ Pinterest CEO on user growth: 'Gen Z is our fastest-growing cohort'
▼ + stars: | 2023-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Pinterest CEO Bill Ready told CNBC's Jim Cramer its Tuesday earnings report showed that the company is seeing significant user growth, especially among its Generaton Z users. "Most noteworthy, it was our best user growth quarter in more than two years," Ready said. "Gen Z is our fastest-growing cohort, and they're engaging more deeply than prior cohorts." According to Ready, Pinterest is unique compared to other social media sites because most users come to the platform with clear commercial intent. "More than half of the users on Pinterest say they're there to shop, but the actionability on Pinterest was low," Ready said.

Persons: Bill Ready, CNBC's Jim Cramer, Pinterest Organizations: Pinterest Locations: Pinterest

☆ This social media stock can rally 40% as ad spending improves, Evercore ISI says
▼ + stars: | 2023-07-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Mark Mahaney upgraded the visual discovery platform to outperform from in line and raised his price target by $11 to $41. Mahaney's new price target implies the stock could rally 40.7% over the next year. The result: "Generating very high double digit EBITDA growth (e.g. He also called current valuation reasonable, at 27 times and 21 times enterprise value-to-EBITDA for 2024 and 2025, respectively. The $41 price target is based on a 30-times EBITDA at $833 million in 2025.

Persons: Mark Mahaney, Bill Ready, Mahaney, — CNBC's Michael Bloom Organizations: Mahaney, Amazon

☆ Pinterest CEO: 'Advertisers are looking for a place that is positive'
▼ + stars: | 2023-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPinterest CEO: 'Advertisers are looking for a place that is positive'CNBC's Julia Boorstin speaks with Pinterest CEO Bill Ready from the annual Cannes Lions ad festival about the company's recent initiatives around building a positive space for advertisers along with its growth in e-commerce shopping.

Persons: Julia Boorstin, Bill Ready Organizations: Cannes Lions

☆ Pinterest's guidance is disappointing, but its Amazon partnership shows promise, analysts say
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Wall Street analysts were mixed on Pinterest after its latest earnings results, saying the near-term outlook appears murky, though an Amazon partnership seems promising. While the image-sharing company beat expectations on the top and bottom lines in its first quarter, it issued second-quarter revenue growth expectations that were disappointing. Along with its results Thursday, Pinterest said Amazon will be its first partner for third-party ads. Bank of America's Justin Post reiterated a neutral rating, calling Pinterest a "near-term disappointment, long-term opportunity." Meanwhile, Goldman Sachs' Eric Sheridan maintained a buy rating, saying the engagement trends are pointing in the right direction.

☆ Pinterest's ad woes hurt revenue growth, shares slump
▼ + stars: | 2023-04-27 | by ( Vansh Agarwal | ) www.reuters.com time to read: +2 min

While Pinterest said that the ad market was stabilizing, it warned the market was still uncertain. Shares of peer Snap Inc (SNAP.N) fell about 18% aftermarket on weak first-quarter revenue and the company warned it could miss estimates for the second as well. Analysts on average had expected $592.99 million, according to Refinitiv data. Pinterest said it expected revenue growth in the current quarter to be in line with revenue growth in the first quarter and the fourth quarter of 2022. Fourth quarter revenue grew 4%.

☆ Watch Sara Eisen's full interview with Pinterest CEO Bill Ready
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Sara Eisen's full interview with Pinterest CEO Bill ReadyPinterest CEO Bill Ready joins CNBC's Sara Eisen for an exclusive interview at 'ShopTalk' in Las Vegas. He discusses the company's growth, their new app 'Shuffles', AI and the state of the consumer.

☆ UBS says this social media stock can rally more than 25% on plans to improve advertising
▼ + stars: | 2023-03-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Pinterest could see big gains ahead as new leadership pushes the e-commerce platform to unlock untapped advertising opportunities, according to UBS. Analyst Lloyd Walmsley upgraded the stock to buy from neutral. Walmsley said Pinterest's partner monetization strategy began showing "rapid improvement" in the international space. The company has also seen an increase in ad loads stemming from improved ad density and relevance. Still, he said the company could benefit from a large global partner to help, while smaller local partners can provide additional support.

☆ AI like ChatGPT amplifies 'darkest aspects of human nature,' Pinterest CEO warns
▼ + stars: | 2023-02-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Pinterest CEO Bill Ready warned that emerging AI tech could accelerate the negative impact of social media on mental health. During an interview with "Good Morning America," the CEO said that AI amplifies the "darkest aspects of human nature." The Pinterest CEO made the comments during a recent interview with "Good Morning America." "Interestingly, the discussion has been that this is just human nature — the social media platforms are just reflecting human nature — but in reality AI has been amplifying the darkest aspects of human nature," he said. Ready is far from the first executive to sound the alarm on emerging AI technology.

☆ We're performing quite well, says Pinterest CEO Bill Ready, after earnings
▼ + stars: | 2023-02-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're performing quite well, says Pinterest CEO Bill Ready, after earningsCNBC's Julia Boorstin talks to Pinterest CEO Bill Ready about the company's earnings report and the guidance that's currently weighing on the stock.

☆ Pinterest shares plunge as much as 12% on fourth-quarter revenue miss and weak forecast
▼ + stars: | 2023-02-06 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Pinterest shares sank as much as 12% after the company reported revenue that missed analyst expectations and issued a light forecast for the first quarter. Pinterest recorded net income of $17 million in the fourth quarter, but logged a net loss of $96 million for 2022. Its average revenue per user, or ARPU, for the U.S. and Canada region rose 6% in the fourth quarter to $7.60 from a year ago. Additionally, revenue in Alphabet's YouTube unit sank 8% year-over-year to $7.96 billion in the fourth quarter. Snap said its sales in the fourth quarter was slightly up year-over-year to $1.30 billion, which missed analyst expectations of $1.31 billion.

☆ Pinterest reaches deal with activist Elliott; Steinberg to join board
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Dec 6 (Reuters) - Pinterest on Tuesday said it reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company. Marc Steinberg, a portfolio manager at Elliott, will join the board on Dec. 16, Pinterest said. Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing partner at Elliott, and others at the firm bring. Pinterest's stock climbed 2.5% in after hours trading on the news that Elliott, one of the company's biggest investors, was joining the board. Elliott, one of the world's busiest activist investing firms, has extensive experience in the tech and social media sector as Cohn held board seats at Twitter and eBay (EBAY.O) and worked closely with Steinberg on those investments.

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