💨 Abstract

Pinterest beat third-quarter revenue and profit estimates due to increased advertising spending driven by AI investments. The company's AI-powered ad tools target Gen Z users and boost shopping activity. Pinterest's revenue grew 18% to $898.4 million, with global monthly active users rising 11% to 537 million. The company predicts fourth-quarter revenue between $1.13 billion and $1.15 billion.

Courtesy: theprint.in