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Entertainment Pinterest share breaks after quarterly numbers a

04:51  30 july  2021
04:51  30 july  2021 Source:   pressfrom.com

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"Our second quarter results reflect both the strength of our business and the recent shift in consumer behavior we’ve seen as people spend less time at home," said Ben Silbermann, CEO and co-founder, Pinterest . "While we navigate through pandemic impacts, Pinterest is focused on building for the PayPal Holdings Inc reported better-than-expected quarterly results on Wednesday, benefiting from a pandemic-driven shift to online shopping and digital transactions and a rise in consumer spending as economies reopen. San Jose, California-based PayPal processed a total of 1 billion in payments

Pinterest (PINS) traded up 36% on Friday after the photo- sharing site beat second- quarter results as advertising demand started to recover in May. Shares jumped to .29 at the close on Friday. Pinterest ended the quarter with 416 million monthly active users, reflecting growth of 39% year-over-year and exceeding estimates of 372.7 million.Advertising spending growth rates in May improved and June showed further recovery. In July, Pinterest saw a “sharp acceleration” in revenue to about 50% year-over-year growth through July 29.“This quarter we reached a milestone—more than 400 million

investor go to court with Pinterest, after the photo app missed the expectations of the number of users in the past quarter. Introductory the share lost more than 17 percent of their value in post-export trading.

Die Zahl der aktiven Nutzer von Pinterest geht zurück. © Tobias Hase / dpa The number of Pinterest's active users goes back.

Pinterest previously announced that the number of users active at least once a month on the platform assessed in three months from 478 to 454 million.

At the same time, Pinterest increased sales year-on-year by 125 percent to $ 613 million and thus exceeded the expectations of the analysts. The bottom line was black numbers of $ 69.4 million after a loss of just under $ 101 million in the same quarter of the previous year.

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Pinterest shares soared after its second-ever quarterly earnings report exceeded expectations on Thursday, representing tentative success for another Silicon Valley “unicorn”. Pinterest joined a number of other tech “unicorns” – private companies valued at over bn – to list on the US stock Its user numbers increased 30% year-over-year to 300m during the quarter . The performance represented an ability to scale user growth and expand to new markets, the eMarketer analyst Andrew Lipsman said. “ Pinterest ’s blowout quarter on the top and bottom lines was especially important in

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Pinterest belonged last year to the winners of the Corona Pandemic: More people used the Lockdown time for the app. At Pinterest, users can store photos from the network on so-called pinboards - for example, if you want to plan a holiday or want to redesign your home. Pinterest also sees itself as a kind of visual search engine, in which software can identify similar objects. On the basis of these skills Pinterest for some time wants to build a business as a platform for traders. The central source of revenue is advertising.

The Tech Investor and Earlier Industry Analyst Rich Greenfield called the investors overlooking the quarterly numbers to see the forest behind the trees. Pinterest has especially lost desktop users, with whom you can earn bad money - while giving up the lucrative smartphone app, he argued.

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