Post a Free Blog

Submit A Press Release

Thursday, February 29, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessPinterest Shares Drop 8 percent Following Q4 Results

Pinterest Shares Drop 8 percent Following Q4 Results


Shares of Pinterest (NYSE:PINS) experienced a significant drop, approximately 8%, pre-market today due to the company’s fourth-quarter revenue falling below expectations and providing a cautious outlook for the March quarter.
In the fourth quarter of 2023, Pinterest reported an EPS of $0.53, which slightly exceeded the consensus prediction of $0.51. Nonetheless, its revenue of $981.3 million did not meet the anticipated $990.18 million.
Despite the shortfall in revenue, Pinterest saw better-than-expected growth in user numbers across all regions. In the U.S. and Canada, monthly active users reached 97 million, surpassing the estimate of 96.25 million. Europe’s monthly active users stood at 135 million, outdoing the expected 129.79 million, and in the Rest of the World, the platform attracted 266 million users, exceeding the forecast of 260.88 million.
However, the average revenue per user (ARPU) was $2.00, which was slightly below the expected $2.08. The company also highlighted a strong adjusted EBITDA margin of 37%, which was above the analysts’ prediction of 36.2%.
For the first quarter of 2024, Pinterest projects its revenue to range from $690 million to $705 million, with the midpoint falling below the analyst expectation of $702 million.

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Evercore Sees 25 percent Upside For Seagate Stock

Evercore ISI initiated coverage on Seagate Technology Holdings (NASDAQ:STX),...

MicroStrategy Started With Buy Rating at Benchmark, Shares Surge

Benchmark began coverage of MicroStrategy (NASDAQ:MSTR) with a Buy...

Workday Shares Fall Despite Q4 Beat

Workday (NASDAQ:WDAY) disclosed yesterday that it surpassed fourth-quarter earnings...