Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending
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- Pinterest forecast Q2 revenue between $1.13 billion and $1.15 billion, above analysts’ estimates of $1.11 billion.
- Shares rose 15% in extended trading following the announcement.
- The company is investing in AI and its Performance+ ad suite to automate advertising.
- Q1 revenue rose 18% to $1.01 billion, beating expectations.
- Pinterest ended Q1 with 631 million global monthly active users.