Pinterest’s revenues grew 58% year over year to hit $443 million, according to the company’s press release. Quarterly revenues were driven by recovering advertiser demand, positive returns from investments in advertiser products, and international expansion.
- Pinterest’s global Monthly Active Users (MAUs) rose 37% year over year to 442 million.
- The company recorded GAAP net loss of $94 million in Q3 an improvement from a net loss of $125.7 million in the comparable quarter of 2019
- Non-GAAP net income was $87.2 million, up from $6 million from the comparable quarter of 2019
- Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was $93 million, up from $3.9 million in the comparable quarter of 2019
Pinterest stock is gaining. PINS: NYSE is up on premarket 31.37%