Pinterest delivers revenue beat on digital ad market rebound

:Image-sharing platform Pinterest beat second-quarter revenue estimates on Tuesday as monthly active users surged and digital advertising rebounded from a downturn triggered by an uncertain economy.

Pinterest's revenue for the quarter ended June 30 grew 6 per cent to $708 million, compared with market estimates of $696.1 million, according to Refinitiv data. Pinterest also said it expects current-quarter revenue to grow in the high-single-digit range from a year ago, while analysts estimate growth of 7.7 per cent.

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