Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| You've done a very good job on the margin side |
| So, yes, I think we're getting a good, solid track record on those, and so, you then said, "Well, that's sort of two years ago to today -- Investor Day to today." Unidentified Analyst Yes |
| So, we feel good about the progress there |
| We see really great yield from those things |
| That demonstrates that we are making the ads great content satisfying that commercial intent |
| You saw us accelerate in the back-half of last year, back to double-digit growth on revenue, as you can see implied from our Q1 guide, and we see further acceleration as we come into this year on the revenue side |
| So, we've made phenomenal progress on sort of AI-driven tools for advertisers |
| And our ad impressions grow faster than engagement |
| And so, Google's got fantastic reach in those international markets that were previously unmonetized for us |
| But I talked about earlier, like we've accelerated product velocity and product market fit through clarity, focus, good execution |
| We feel really good about the progress there, which again, just aligns with we're very distinct and separate from like entertainment-based social media that has users in a lean back entertainment mode |
| And at the core of that has been great execution on AI, using that to drive big improvements in relevancy, and big improvements in actionability on the platform, which have been sort of the Achilles heel of the platform previously |
| But feel good about the progress on that front |
| So, all that is really great progress |
| And then, just the executional discipline of the company, the operational rigor, we went from contracting margins to, last year, we promised 200 basis points of margin improvement; we ended up delivering 660 basis points of margin improvement |
| Amazon's been a fantastic partner on 1P and 3P around bringing great shoppable content into the platform |
| We feel good about the progress there, more to go |
| What I would say from Investor Day to today, and again you see it implied in our guidance, we see really great progress toward that plan |
| Well, Amazon has a fantastic shopping and buying experience and really great shoppable ad demand |
| So, we feel really great about where the business is headed |
| Like, we've proven that out, but we feel good about the progress there |
| And, we are able to drive performance for the largest most sophisticated advertisers, the ones that are the winners in retail |
| Google, we're just getting going, but obviously they've got fantastic reach across those unmonetized markets for us |
| But these third-party partnerships are meaningful contributors and bring really great ad demand into the platform that not only contributes to revenue, but actually contributes to user engagement as it helps us solve actionability |
| Talk to us about areas that have gone better than expected on that list of execution points? And areas that have perhaps proven to be more challenging from a micro level perspective on those? Bill Ready Well, what I would say, again, each of those levers of growth that we talked about, we see really strong progress against each of those |
| And it can perform really well for early coders to help them get more productive more quickly |
| And across each of those, we're making great progress |
| And so, we're seeing really nice efficiency there, but it's almost across every function of our business that we're seeing really good benefit across that we have more than 50% of our engineers are using Copilot type tools for their coding, right? And we're seeing real productivity improvement |
| While anybody who is using our product can see if you are doing anything with commercial intent, you are going to seeing really great products and ads from those largest most sophisticated advertisers |
| And as we focus and channel that energy to the right things, we're getting great yield |
| Statement |
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| On the, "Hey, what's a challenge?" The adoption curve is real work, right? It's, we -- I said we went from 2%, to 13%, to 23% |
| And couple years ago, as you looked at Pinterest, users were declining, revenue had gone to sort of mid single-digits-ish, and margins had compressed significantly |
| Advertisers are overwhelmed |
| Bill Ready Even as we increased usage, increased our revenue, we reduced infrastructure spend |
| And so, it actually erodes -- typically, it erodes engagement per user because you are getting more fringed users |
| It's not dominating our growth |
| So, like to under-promise and over-deliver on those things |
| But, there is still a lot of execution to do too |
| It's filling in gaps in the platform, right? And even as we had larger gaps than others, it's not dominating our growth |
| Those that have not yet adopted tend to be mid single-digit decliners |
| If you compare us to other sort of like mid-size advertisers, I think that's one of the things that goes underappreciated |
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