The company’s press release showed that it was still able to achieve revenue growth despite experiencing a 5% loss in monthly active users for three consecutive months as of July 30 .
Pinterest CEO Ready said: "Despite the uncertainty of the overall environment, Pinterest still achieved a 9% year-on-year revenue growth in the second quarter of this year. We increased investment in shopping and e-commerce departments this quarter, and I am very pleased to see the efforts made by leaders and employees in various departments."
Ready added: “Pinterest is unique in the industry and we are committed to helping businesses turn their ideas into reality by leveraging the long-term trend of e-commerce.”
Pinterest said it expects single-digit growth in the third quarter, factoring in foreign exchange risk due to a stronger dollar.
The company has recently been focusing more on its e-commerce business, launching a range of features and widgets to serve merchants.
These tools and new features are designed to make shopping as convenient as possible without changing the original attributes of the platform.
Jeremy King, Pinterest senior vice president and head of development, said the features were already in the works before Ready, a former Google executive, joined the company.
“We needed a catalog that was standardized — we spent three years building that catalog, and now we have hundreds of millions of products from Etsy, WayFair, Walmart, and Amazon that can be converted through our platform,” King said. “We set a great benchmark for the shopping ecosystem.” E-commerce Financial Report |
>>: TikTok reaches cooperation with Philippine service provider Etaily
eBay extends free trial of Optiseller Aspect Find...
Fullbeauty is the largest direct-selling company ...
Recently, Bazaarvoice, a user review and social c...
AccrueMe aims to provide funds to help Amazon sell...
BrandPlus focuses on brand positioning consulting ...
bulbulwatches is a contemporary Danish watch brand...
The Yunkeshi Port Logistics Smart Platform is a vi...
Ashford is from New York, USA. It was founded in ...
Auction is the first e-commerce platform in South...
Recently, research organization NTRA released the...
eMAG is the largest fashion e-commerce platform i...
Association means that a seller has multiple acco...
Signing Beckham as global spokesperson, becoming ...
Recently, TikTok Shop launched the "Million ...
OPPO Indonesia officially opened an online store,...