Earnings Results
Pinterest’s subscriber metrics top expectations in latest quarter
Pinterest’s revenue increased in the first quarter.
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Pinterest Inc. topped earnings, revenue and subscriber expectations Thursday while announcing that it plans to open third-party advertising demand on its platform, starting with an Amazon.com Inc. partnership.
The company reported a net loss of $209 million, or 31 cents a share, whereas it recorded a loss of $5 million, or 1 cent a share, in the year-earlier period. The company recognized $121 million of restructuring charges in the quarter.
Pinterest…
