PINS - Pinterest: If You Can't Beat Them Join Them - The Third-Party Partnership Effect
2024-05-12 11:20:13 ET
Summary
- Pinterest has found success in monetizing its platform through strategic partnerships and continues to grow its user base.
- The company delivered strong revenue growth and narrowed its GAAP operating loss, showing progress towards sustainable GAAP profitability.
- The valuation looks more than reasonable given the thesis-in-motion - I reiterate my buy rating.
...
Pinterest: If You Can't Beat Them, Join Them - The Third-Party Partnership Effect