Pinterest Posts Better-Than-Expected Q2 Earnings: AI Is 'Clear Accelerant'

Pinterest Inc (NYSE: PINS ) posted financial results for the second quarter after the close on Tuesday. Here’s a rundown of the report. Pinterest shares are in the spotlight. What’s driving PINS stock higher? Pinterest Q2 Earnings Details Pinterest reported second-quarter revenue of $1.18 billion, beating analyst estimates of $1.15 billion, according to Pro. The idea discovery platform company reported adjusted earnings of 43 cents per share, topping estimates of 36 cents per share. Total revenue was up 18% on a year-over-year basis as Pinterest’s global monthly active users increased 11% year-over-year to 640 million. Average revenue per user in the quarter was $1.86 globally and $8.30 in the U.S. and Canada. Net cash from operations totaled $293 million in the quarter, and free cash flow came in at $270 million. The company exited the period with approximately $422.48 mi...