Pinterest Shares Dip Amid Mixed Earnings, AI Investments Show Promise
Pinterest's stock declined sharply following a Q2 earnings miss, despite revenue and adjusted EBITDA exceeding expectations. The visual discovery platform reported accelerating growth under CEO Bill Ready's leadership, with strategic investments in AI-driven enhancements.
Proprietary multimodal LLMs now power visual searches and conversational queries, while a new Instacart partnership introduces shoppable ads for food and beverage categories. International markets drove particularly strong ARPU and user growth during the quarter.