Will Pinterest Stock Finally Go Up?
In this video, I will go over Pinterest's (NYSE: PINS) Q3 earnings report and talk about all the current and future product developments the company is working on. Overall, it was a much better quarter than last year's, and there was a show of confidence from management. You can find the video below, but here are some of the highlights.
The company reported Q3 revenue of $633 million, up 43% year over year (YOY). Global monthly active users (MAUs) grew just 1% YOY to 444 million.
There were more positive signs with regards to shoppable Pins. The number of Pinners engaging with shopping surfaces was up more than 20% sequentially and up 60% YOY. Overall product searches were up over 100% from last year with searches on the Shop tab by Gen Z Pinners increasing over 200%. This to me shows the tremendous potential a platform like Pinterest has, not just for users and creators but for advertisers as well.
Source Fool.com
