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Pinterest forecasts first quarter revenue below estimates

Illustration shows Pinterest logo
April 26, 2024
Reuters - Reuters

(Reuters) - Pinterest forecast first-quarter revenue below Wall Street estimates on Thursday, a sign that it is facing tough competition from larger social media players even as the digital advertising market stabilizes

The image-sharing platform expects revenue for the quarter ending in March between $690 million to $705 million, the mid point of which is below analysts' average estimate of $702.6 million, according to LSEG data.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Tasim Zahid)

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