Pinterest Q2 Earnings: Can It Meet High Expectations?
Image-based social media app maker Pinterest (NYSE: PINS) experienced a surge in new customers and increasing engagement from existing customers at the onset of the pandemic. Interestingly, however, revenue did not surge initially because advertisers pulled back on marketing.
As economies are reopening, advertisers are ramping up spending again, and Pinterest expects to reap the rewards. Management guided investors to look for robust revenue growth from the social media app. Expectations were further juiced when rival Snap (NYSE: SNAP) reported excellent quarterly earnings results last week that beat analysts' estimates.
Pinterest is guiding investors to look for revenue growth of 105% when it reports second-quarter results. Image source: Getty Images.
Source Fool.com
