Pinterest shares soar on third-quarter revenue beat


Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange.

Michael Nagle | Bloomberg | Getty Images

Pinterest shares soared over 12% in extended trading after the company reported third-quarter earnings.

Here’s how the company did.

  • Earnings: 11 cents per share (adjusted) vs. 6 cents per share (adjusted) expected, according to Refinitiv.
  • Revenue: $684.6 million vs. $666.7 million expected, according to Refinitiv.

Pinterest said its revenue grew 8% year-over-year on a loss of $65 million.

The company’s monthly average users remained relatively flat at 445 million.

“Our current expectation is that Q4 2022 revenue will grow mid-single digits on a year-over-year…

Source cnbc.com

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