3 Bright Spots in Pinterest's Earnings Report
Pinterest (NYSE: PINS) got slammed Friday as the social media company posted a surprise decline in U.S. monthly active users.
MAUs in the U.S., where the majority of its sales come from, fell from 96 million a year ago to 91 million. On a sequential basis, they were down from 98 million at the end of the first quarter. The company also warned that the decline had continued into July, saying that as of July 27, U.S. MAUs had fallen 7% and global MAUs were up just 5%, compared to 9% growth in 2021's second quarter.
That news was enough to spark an 18% sell-off in the stock on Friday. Still, there were plenty of reasons to be enthusiastic about the report. Let's take a look at three of them.
Source Fool.com
