Pinterest, however, withdrew its full-year outlook in April, citing growing uncertainty due to the impact of the pandemic on the economic environment and its effect on advertiser demand. Pinterest’s total revenue rose 35% to $272 million, beating analysts’ average estimate of $270.1 million, according to IBES data from Refinitiv. Pinterest generates revenue by placing advertisements next to the pins, or posts, uploaded on the site by users. …read more
Source:: Yahoo Finance
