This Growth Stock's Revenue Is Expected to Surge This Year
The COVID-19 pandemic hit digital-advertising companies hard in 2020. Even high-growth digital-advertising company Pinterest (NYSE: PINS), for instance, saw its revenue-growth rate plummet from the 51% growth it saw in 2019 to 35% growth in the first quarter of 2020. Then it slowed to just 4% growth in Q2.
What no one could have anticipated, however, was how strong and persistent the rebound would be for many digital-advertising companies -- Pinterest, in particular. Third-quarter revenue rose 58% year over year and fourth-quarter revenue soared 76% year over year. More importantly, management indicated that the tech company's elevated momentum is continuing into 2021.
Image source: Pinterest.
Source Fool.com
