Tiger Newspress2022-02-04
Pinterest surged nearly 4% in morning trading as Q4 earnings topped estimates, but concerns remained.
Pinterest said revenues grew 20% year-over-year to $847 million, compared to estimates of $827 million. Adjusted EBITDA for the period was $351 million.
However, monthly active users fell to 431 million, including 86 million in the U.S., which Wedbush Securities analyst Ygal Arounian said highlights just how low the bar had been for the company.
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