Pinterest's Growth Lags Behind Meta's

Pinterests Q1 earnings beat expectations with 18% revenue growth to $1.01 billion, driven by 11% increase in monthly active users to 631 million and 6% rise in average revenue per user to $1.61. Adjusted earnings per share of 27 cents topped analysts forecasts of 22 cents. However, a $80.3 million GAAP operating loss, mainly due to stock-based compensation, offsets their $2 billion buyback and lags behind Metas growth and better margins. Despite initial excitement, Pinterests stock only closed 7% higher. Consider Meta as a better investment in social media. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f2fde6335a289337