Pinterest Inc. (NYSE: PINS) recently announced its financial results for the first quarter of 2024, reporting a 23% increase in revenue year-over-year, reaching $740 million. The company also achieved a milestone of over half a billion monthly active users globally. This strong performance exceeded analyst expectations by $40 million. CEO Bill Ready emphasized the company’s focus on leveraging artificial intelligence to enhance user engagement and drive growth, particularly among Gen Z users. Pinterest’s strategies include expanding its shoppable features to provide a more seamless eCommerce experience on the platform.
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About Pinterest Inc.
Pinterest Inc. (NYSE: PINS) is a visual discovery engine that helps people find inspiration for their lives. With billions of Pins on our platform, we help people discover and do what they love. Whether planning a new project or looking for an idea, Pinterest allows users to explore a wide range of interests and hobbies, from cooking and fashion to travel and home decor. Pinterest’s mission is to bring everyone the inspiration to create a life they love. Launched in 2010, Pinterest is headquartered in San Francisco, California, and is available in more than 30 languages globally.
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