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00:02Pinterest reported second quarter adjusted earnings of $0.43 per share on revenue of $1.18
00:08billion, beating analyst estimates of $0.36 per share and $1.15 billion, respectively.
00:15Revenue increased 18% year over year as global monthly active users grew 11% to $640 million.
00:23Global average revenue per user was $1.86, while U.S. and Canada average revenue per user
00:28reached $8.30.
00:30Net cash from operations totaled $293 million, and free cash flow was $270 million.
00:38CEO Bill Reddy said artificial intelligence is driving personalization, advertiser performance,
00:43and long-term monetization.
00:45Pinterest guided for third quarter revenue of $1.19 billion to $1.21 billion, and adjusted
00:52EBITDA of $335 million to $355 million.
00:56shares fell 7.7% in after-hours trading, according to Benzinga Pro.
01:00For all things money, visit Benzinga.com.
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