Social Networking Stocks Q2 Recap: Benchmarking Pinterest (NYSE:PINS)

Social Networking Stocks Q2 Recap: Benchmarking Pinterest (NYSE:PINS) Let's dig into the relative performance of Pinterest (NYSE:PINS) and its peers as we unravel the now-completed Q2 social networking earnings season. Businesses must meet their customers where they are, which over the past decade has come to mean on social networks. In 2020, users spent over 2.5 hours a day on social networks, a figure that has increased every year since measurement began. As a result, businesses continue to shift their advertising and marketing dollars online. The 5 social networking stocks we track reported a strong Q2. As a group, revenues beat analysts' consensus estimates by 4% while next quarter's revenue guidance was 1.1% above.