Pinterest delivers earnings beat, will partner with Amazon as it opens third-party ad demand

📆 4/27/2023 5:27 PM
📰 MarketWatch

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Pinterest topped earnings, revenue and subscriber expectations Thursday. $PINS reported a net loss of $209 million, or 31 cents a share, compared to a loss of $5 million, or 1 cent a share, in the year-earlier period:

Pinterest Inc. topped earnings, revenue and subscriber expectations Thursday while announcing that it plans to open third-party advertising demand on its platform, starting with an Amazon.com Inc. partnership.

The company reported a net loss of $209 million, or 31 cents a share, whereas it recorded a loss of $5 million, or 1 cent a share, in the year-earlier period. The company recognized $121 million of restructuring charges in the quarter.

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