I'm going to talk about Pinterest. They also posted a really good number as well.
Oh yeah,
it was a strong quarter for Pinterest as it's also seeing a top and bottom lines beat
this earnings report,
Pinterest reported earnings per share of 49 cents higher than
the estimated 45 cents and revenue of $847 million.
Also beating out Wall Street estimates
And Pinterest average revenue came in per user at $1,93.
That's up 23% year over year, With overall revenue up by 20%. Year over year
now, Pinterest also reported monthly active users declined 6%.
But despite this,
shares went up 24% following the report as tech stocks really
started to make a comeback after a rough earnings week for some
Pinterest, this one's a shocker for me because they said,
Just to get more insight on these numbers,
they said that it's global monthly users really
declined 6% year over year to 431 million.
And monthly active users for this quarter declined about 12% In the us to 86 million.
So even though they're seeing a loss and users, they still
did well, I'm curious as to what's really impacting that