
AdExchanger
Pitching Performance, With Pinterest’s CRO
Oct 15, 2024
Bill Watkins, the CRO of Pinterest, dives into the platform's transformation into a performance marketing powerhouse. He discusses the ambitious investment in lower-funnel advertising, showcasing tools like Performance Plus that enhance user engagement. Watkins also highlights Pinterest's commitment to positivity and mental well-being in contrast to other social media platforms. He explores the challenges marketers face with giants like Meta and Google and emphasizes Pinterest's unique approach to creating a healthier digital environment.
45:05
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Quick takeaways
- Pinterest is strategically emphasizing lower-funnel advertising products and new tools to attract performance marketers amidst competition from Meta and Google.
- The launch of Performance Plus, an AI-driven advertising suite, enhances targeting and automation, marking a pivotal shift in Pinterest’s approach to performance marketing.
Deep dives
Pinterest's Shift Towards Performance Marketing
Pinterest is actively working to reposition itself as a viable platform for performance marketing budgets, which is evident in the significant strides the company has made in recent years. With an emphasis on lower funnel ad products, Pinterest has rolled out numerous tools and resources designed to attract advertisers looking for performative results. The growth in ad impressions and relevance reflects the advertisers' increasing confidence in Pinterest's capabilities, with data showcasing impressive gains in clicks and conversions. This transformation highlights a broader recognition within the advertising community that Pinterest is not just an inspirational platform but also a place where performance marketing can thrive.
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