Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /www/socialstandcom_764/public/wp-includes/functions.php on line 6114
Pinterest Releases Its Q1 Report with 478 Million Monthly Active Users - Social Stand

Pinterest Releases Its Q1 Report with 478 Million Monthly Active Users

Over the years, Pinterest has been a network for ideas and inspiration. Today, it focuses on shifting to a full eCommerce discovery platform. It has expanded its Shopify partnership to 27 countries. It has also launched the B2B ad campaigns, and creator code funding. All these new features and tools showed Pinterest’s effort to join the eCommerce bandwagon. Today, Pinterest releases its Q1 Report with 478 million monthly active users (MAU).

Pinterest Releases Its Q1 Report with 478 Million Monthly Active Users
Pinterest

From 459 million to 478 million MAU, Pinterest posts a strong revenue report in the 1st quarter of 2021. Its membership grows by 30%. The momentum of such growth shows a decrease compared to the last quarter of 2020 (37%). But still, it’s a significant movement compared to LinkedIn, Twitter, and RedditPinterest also reports revenue growth of 78% standing at $485 million. The platform credited such revenue growth from its international businesses. The expansion of eCommerce to international markets has boosted the demand for small and mid-size advertising. This is where Pinterest mainly focuses. 

Pinterest releases its Q1 Report with 478 million monthly active users on 27 April 2021

Implications for Marketers:

Pinterest’s Q1 Report shows a strong result and further supports its shift into a digital shopping platform. For marketers, it is worth taking a moment to test the wonders of AR try-on, dynamic ads, and Story pins. Brands can also check out what competitors are doing to compare what might work for the business.

Reference: https://www.socialmediatoday.com/news/pinterest-rises-to-478-million-users-posts-strong-revenue-result-for-q1/599166/

 

If you find this post useful, please share to your friends.

Share to friends

WhatsApp
Facebook
LinkedIn
Email

Related posts

Join Our Newsletter

Join our newsletter to receive the latest updates and market tips.