
Pinterest’s financial reports for Q3 2022 have defied the odds of several advertising companies whose revenue reportedly fell short of analysts’ expectations.
Pinterest is a visual bookmarking tool for saving and discovering creative ideas.
Pinterest, Inc. is a social media web and mobile application company that operates a software system designed to discover information on the World Wide Web, mainly using images and, on a smaller scale, GIFs and videos. The site was founded by Ben Silbermann, Paul Sciarra, and Evan Sharp. Pinterest has reached 250 million monthly active users as of October 2018.
Pinterest CEO Ben Silbermann summarized the company as a “catalogue of ideas” that inspires users to “go out and do that thing”, rather than as an image-based social network.
Pinterest’s financial reports for Q3 2022 have defied the odds of several advertising companies whose revenue reportedly fell short of analysts’ expectations.
Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.
The most recent quarterly report is the first since co-founder Ben Silberman stepped down as CEO.