May. 5 at 7:46 PM
The company has bought back about
$2 billion worth of stock this year so far under its repurchase programs, including an accelerated buyback tied to a
$1 billion convertible note from Elliott Investment Management. That share repurchase effort has cut the number of shares outstanding by about 16% compared with a quarter ago. At the same time,
$PINS stock has been trading higher on the back of recent earnings that beat expectations and drove strong user growth, with the price today around
$20.8 and up sharply on the quarter.
Despite the buybacks, Pinterest also reported solid revenue growth and record monthly active users in its latest quarterly results, showing an 18 % year‑over‑year increase in revenue. The aggressive capital return via buybacks illustrates how the company is deploying cash, but it doesn’t change the core business fundamentals. Investors are watching both the shrinking share count and how the stock moves on this strategy.👉If this helps, tap @LiveCommander
