Pinterest Beats Estimates as Ad Market Stabilizes, Users and Amazon Partnership Grow Revenue
- Pinterest beat revenue and profit estimates for Q3 as ad market stabilizes
- Monthly active users grew 8% to 482 million
- Partnership with Amazon driving shopping on Pinterest, boosting revenue
- Ad spend pausing briefly due to Middle East conflict but has returned
- Magna raised 2023 U.S. ad spend growth forecast to 5.2% on digital ad strength