Pinterest expects fiscal Q1 2023 revenue growth in the low single digits, considering lower Forex headwinds than Q4 2022. The hype has died down now as CEO Ready is proving his muster with his background in e-commerce, payments processing, and end-to-end customer experience. This fueled takeover speculation from PayPal during the summer of 2022. He became Pinterest CEO in late June 2022, replacing founder Ben Silberman. We’re building upon this foundation by staying focused on growing monetization per user, integrating shopping throughout the core user experience, and increasingly driving operational rigor.” His goal is to convert more intent into action getting users to spend more rather than just window shopping.īill Ready was formerly COO of PayPal Holdings Inc. Pinterest CEO Bill Ready commented, “2022 was a solid year as we returned to MAU growth, deepened engagement and saw our personalization and relevance investments start to pay off. Engagement sessions are growing "significantly faster" than users, which signifies deepening engagement per user, helping drive greater monetization per user. Revenues rose 3.6% year-over-year (YOY) to $877.21 million, missing analyst estimates of $886.78 million. The company authorized a $500 million stock buyback effective the next 12 months. GAAP net income improved to $17 million, while the full-year 2022 GAAP net loss was ($96 million). The company reported an adjusted earnings-per-share (EPS) profit of $0.29, excluding non-recurring items, versus consensus analyst estimates of $0.28, beating estimates by $0.01. 6, 2023, Pinterest released its fiscal fourth-quarter 2022 results for the quarter ending December 2022. While not available for Android users, Shuffles has a growing wait list in anticipation of it. It's number 96 in the Apple App store, behind the Pinterest app at number two, as of April 1, 2023.
The app has grown in popularity on the Apple Inc.
Each collage piece can be moved around or resized to the user's preference. The flexible app has billions of pictures and cutouts available. It's a trendy app that lets users create animated personalized collages comprised of images, cutouts, and music which can then be posted on other social media platforms. It released an app called Shuffles to the delight of the Gen-Z population. Pinterest continues to expand its target audience to include more Gen-Z users.
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