PINS · Pinterest Inc.
AI read · Bad for PINS
The AI's read
Pinterest is attracting more people and showing them more ads, but each ad is bringing in less money. That gap matters because the larger audience has not led to faster sales growth. Record users, cash on hand, and an early AI advertising test are positives. Pinterest also kept its full-year profit-share forecast. Still, weaker international advertising and slower sales make the missed estimates and lower fourth-quarter forecast more important.