Tech: Pinterest Pops, Spotify Drops
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 30 October 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
We recap results from two Fool favorites -- Pinterest and Spotify!
The monetization train just keeps chugging along for Pinterest, revenue was up almost 60% and the company added users in the U.S. and internationally.
Wall Street wasn't quite as happy with numbers from Spotify, but some comments from management point to some interesting developments to watch in the coming months.
Stocks: PINS, SPOT
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidful. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods. |
| 0:19.0 | Wildcar! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:27.6 | It's Friday October 30th and we're talking about recent results from Pinterest and |
| 0:32.1 | Spotify. |
| 0:33.0 | I'm your hosto Lewis and I'm joined by Fool.com's permanent pinner of pre-published |
| 0:37.2 | positivity Brian Feroldi. Can you unpack that a little bit? |
| 0:41.6 | Pitter of pre-published positivity. |
| 0:44.0 | Sure. |
| 0:44.7 | Pinterest. |
| 0:45.7 | You said you liked how I worked Snapchat into my title last week? |
| 0:49.3 | Tried to do the same thing this week, Dylan. |
| 0:51.4 | Everything I do here is just to make Dylan Lewis |
| 0:53.3 | happy. Our listeners can't see it but I am grinning ear to ear. I always enjoy that part of |
| 0:58.6 | the show and I love it when we can sync up with what we're going to be talking |
| 1:02.0 | about. The focus of today's show is going |
| 1:04.0 | to be earnings results from Pinterest and Spotify. Anyone who listens to the show knows that |
| 1:08.2 | Brian is Mr. Pinterest. He's been following this basically since the stock debuted and has enjoyed some pretty nice returns |
| 1:15.6 | as a result of that. |
| 1:17.0 | Before we get into the earnings releases though, Brian, |
| 1:20.0 | I feel like just do the nature of our show. We should probably touch on the fact that things are not going particularly well in the market today |
| 1:25.8 | I don't know about you but I think my portfolio is down about four and a half percent |
... |
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