During its first investor day, Pinterest called for a compound annual growth rate in the mid to high teens, higher than analysts expected.
During its first investor day, Pinterest called for a compound annual growth rate in the mid to high teens.shares rose as much as 5% on Tuesday after company executives said they expect year-over-year revenue growth to accelerate following a slowdown in 2022 and 2023.
During its first investor day, the company called for a compound annual growth rate over the next three to five years in the mid to high teens, compared withfor growth in the high single digits in the third quarter. Revenue growth was under 9% last year, and analysts are projecting expansion of about 8% this year.
Pinterest sees its adjusted margin for earnings before interest, taxes, depreciation and amortization reaching a percentage in the low 30s in the next three to five years. It was 15% in the second quarter.
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