PINS - Ad Exposure Looks Like Strength

I just realized I did not ever get around to posting this news on Saul’s board after having posted it last week, a week ago, on the Team Secular Board. The good news is the stock has been basing for the past five days and it hasn’t gotten away from those of you kicking the tires:…

Pinterest, which is still in the relatively early stages of monetizing its image-sharing platform (particularly overseas), is believed to get a decent portion of its revenue from e-commerce ads promoting the types of consumer goods that users frequently share images of on its website and apps. And for now, e-commerce activity remains strong for many types of goods other than “essentials” such as groceries, as consumers that can’t or won’t visit their favorite bricks-and-mortar stores turn to online shopping.

Also: Some of Pinterest’s other notable advertisers, such as consumer packaged goods (CPG) brands, might still be buying ads at a healthy clip. On the other hand, advertisers looking to drive traffic to physical retail stores are probably spending a lot less right now.

On Tuesday, ahead of its pre-announcement, Pinterest said that the number of users engaging with its Shopping on Pinterest product posts, which can be promoted via ad buys, is up 44% annually. The company also reported that the number of such posts on its platform has risen 150%, and that the amount of traffic driven to retailers by them is up 130%.

p.s. Upcoming Earnings are on 5 MAY 20

Earnings Whispers has this to say about last Earnings on 6 FEB 20 as a reminder to all:

Pinterest Beats: (PINS) reported Quarter December 2019 earnings of $0.19 per share on revenue of $399.9 million. The consensus earnings estimate was $0.08 per share on revenue of $373.2 million. The Earnings Whisper number was $0.06 per share.

The company said it expects 2020 revenue of up to $1.52 billion. The current consensus estimate isrevenue of $1.51 billion for the quarter ending December 31, 2020.