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James Flynn
Asked: October 24, 20242024-10-24T10:35:43+03:00 2024-10-24T10:35:43+03:00In: Business & Industrial

how do pinterest make money

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    1. BAKOMA HANSON
      BAKOMA HANSON
      2024-12-07T15:51:20+02:00Added an answer on December 7, 2024 at 3:51 pm

      Pinterest is a social media platform that allows users to discover, save, and share images and videos (called “Pins”) on virtual pinboards. Here’s how Pinterest makes money:

      # Advertising

      1. _Sponsored Pins_: Brands can create sponsored Pins that appear in users’ feeds, similar to ads on other social media platforms.
      2. _Shopping Ads_: Pinterest offers shopping ads that allow businesses to promote their products directly on the platform.
      3. _Video Ads_: Pinterest also offers video ads, which can be up to 15 minutes long.

      # E-commerce Integrations

      1. _Shopping Cart_: Pinterest allows users to purchase products directly from the platform through its shopping cart feature.
      2. _Product Pins_: Businesses can create Product Pins, which include real-time pricing, availability, and reviews.
      3. _Partnerships_: Pinterest partners with e-commerce platforms like Shopify and WooCommerce to enable seamless shopping experiences.

      # Data and Analytics

      1. _Pinterest Insights_: Pinterest provides businesses with analytics tools to track engagement, website traffic, and conversions.
      2. _Audience Data_: Pinterest collects data on user behavior, interests, and demographics, which can be used for targeted advertising.

      # Other Revenue Streams

      1. _Pinterest Partners_: Pinterest has a partner program that allows businesses to access exclusive features, such as shopping cart integration and advanced analytics.
      2. _API Access_: Pinterest offers API access to developers, which can be used to build custom applications and integrations.

      In 2020, Pinterest generated:

      – $1.7 billion in revenue (up 51% from 2019)
      – $1.4 billion from advertising revenue (up 53% from 2019)
      – $230 million from other revenue streams (up 35% from 2019)

      Pinterest’s revenue growth is largely driven by its expanding user base, increasing adoption of e-commerce features, and growing demand for social media advertising.

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