Pinterest stocks decrease by 10 % after profit missing

Pinterest The shares decreased by more than 10 % on Thursday after the company reported the profits of the second quarter that missed the profits per share.

Here is how the company did, compared to the estimates of the consensus of the analysts from LSEG:

• Arrow profits: 33 cents seized for 35 cents expected
• profit: 998 million dollars for $ 975 million expected

Sales in the second quarter of Pinterest grew by 17 % on an annual basis while net income was 38.76 million dollars, up from $ 8.9 million a year ago during the same period.

Pinterest said that sales of the third quarter will reach 1.033 billion dollars and 1.053 billion dollars, as the estimates of the analysts amounting to $ 1.025 billion are at the forefront of the analysts.

The social media company said that it has 578 million international monthly users active in the second quarter, 574.5 million street users, which the street expected. Pinterest He said In May, she had 570 million active users per month in the first quarter.

Pinterest recorded $ 251 million in modified profits in the second quarter before interest, taxes, consumption and extinguishing, or EBIDTA, which was higher than street estimates of $ 233 million.

“I am proud of our Q2 results – as it has achieved 17 % growth in revenue and a quarter of other recorders,” Bill Brady Reddy, CEO of Pinterest said in a statement. “We are also excited because Gen Z has grown to more than half of our user base.”

Julia Donance, President of Pinterest Finance, told the company’s invitation on Thursday that there are still some remaining concerns of advertisers related to the definitions “and uncertainty in the broader market” that the company discussed in May.

For example, Donlley said that “Electronic retailers in Asia are unprecedented” have retracted spending in the United States by changing minimal exemption, “with reference to A. Closed now Commercial vulnerability.

pop The shares fell more than 15 % on Tuesday after the company was informed The second quarter profits Where the average user revenue for the user has missed expectations. SNAP revenues grew only 9 % on an annual basis in the second quarter, much lower than their peers such as Reddit and Meta, whose last quarterly sales have seen 78 % and 22 %, respectively.

SNAP has been negatively affected by factors, including updating the failed advertising platform that has been repaired since then.

Amazon I mentioned The profits of the second quarter last Thursday indicated that online advertising sales jumped by 23 % on an annual basis to 15.69 billion dollars. I responded I mentioned Her profit on the same day, and said that sales of the second quarter increased by 78 % year on an annual basis to $ 500 million.

alphabet Overcoming the upper and lower lines when it is I mentioned Its profits in the second quarter on July 23, and Dead He said on July 30 that he Revenue in the second quarter It amounted to 47.52 billion dollars. This represents a 22 % increase from the previous year during the same period.