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Pinterest Shares Drop Despite Strong Revenue Growth and User Gains
Pinterest Shares Drop Despite Strong Revenue Growth and User Gains
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BTCCSquare news:
Pinterest's stock fell sharply by 12.57% despite reporting a 17% year-over-year revenue increase to $998 million, beating analyst expectations. Adjusted earnings per share missed estimates at $0.33 versus $0.35 projected, sparking investor concerns over profitability. Net income surged to $38.8 million from $8.9 million a year earlier, but rising costs dampened market sentiment.
User growth remained robust, with monthly active users climbing 11% to 578 million, exceeding forecasts. Gen Z now comprises over half of Pinterest's user base, reflecting successful demographic targeting. The company's AI-driven advertising tools show long-term promise but are weighing on short-term margins.
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