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Google and Pinterest are testing advertising partnership in the US

Google and Pinterest are testing advertising partnership in the US

 


Google and Pinterest may reportedly be testing Google ad units on the Pinterest app.

Investing.com reported on Tuesday that Piper Sandrella analysts in a note on Tuesday (March 26) said that such a move on the app, along with other evidence that the partnership was being tested in the US, He said he discovered an ad unit.

Google and Pinterest did not immediately respond to PYMNTS' requests for comment.

Analysts also said the code suggests the ad units could be related to search and use audience data to retarget Pinterest users, according to the report. Also on Pinterest, he says the last time he saw a Google ad unit was a year ago in February 2023.

Piper Sandler's memo also notes that Google's ad units have previously been positioned as complementary to Pinterest's international business, rather than Pinterest's U.S. business, and that this test could lead to a partnership between Pinterest and Amazon. It also suggests the partnership could be rolled out more quickly than it took months. , according to the report.

Pinterest signed a deal with Amazon Ads in April 2023, and the multi-year agreement marks the first time Pinterest has worked with a third-party advertising partner, PYMNTS reported at the time.

According to Pinterest, more than 463 million people use Pinterest every month to create a life they love. Brands and partners are a key element in this effort, enabling Pinners to easily move from inspiration to action and advertisers to realize the value of connecting with users with high commercial intent. Our partnership with Amazon allows us to scale these efforts in meaningful ways.

Also in April 2023, Pinterest's chief revenue officer Bill Watkins was reported to have said that the company's fastest-growing revenue stream is its Shopping ad catalog.

At the time, Watkins said Pinterest was adjusting its retail strategy as it became a major revenue source and was investing in technology to drive the best shopping experience for sellers already using the company's platform. .

PYMNTS Intelligence found that 43% of consumers browse social media to find products and services. According to “Tracking Digital Payment Takeovers: Monetizing Social Media,” a collaboration between PYMNTS Intelligence and his AWS, 14 percent of consumers end up purchasing those goods or services.

See more: eCommerce, Google, Google Ads, News, Pinterest, Piper Sandler, PYMNTS News, Retail, Social Commerce, Social Media, Hot Topics

Sources

1/ https://Google.com/

2/ https://www.pymnts.com/google/2024/report-google-and-pinterest-testing-ad-partnership-in-us/

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