Social media behemoths Facebook (NASDAQ:FB) and Pinterest (NYSE:PINS) have generated stellar growth since last year. While FB in its last reported quarter registered its fastest revenue growth since 2016, PINS reported a triple-digit rise in revenues for its last reported quarter. But which stock is the better buy now? Let’s find out.Facebook, Inc. (FB) and Pinterest, Inc. (PINS) are two of the world’s biggest social media platforms. Given people’s heightened engagement with social media amid the pandemic, FB and PINS have witnessed solid sales and earnings since last year. In fact, its rising popularity led FB to cross the trillion-dollar market capitalization mark recently.
Both companies have reported impressive results for the second, quarter ended June 30. FB’s total revenues for the quarter increased 56% year-over-year to $29.08 billion, registering its fastest growth since 2016. In comparison, PINS’ revenues improved 125% from the same period last year to $613.21 million.
FB’s net income and EPS increased 101% from the prior-year quarter to $10.39 billion and $3.61, respectively. In comparison, PINS’ net income and EPS came in at $69.42 million and $0.10, respectively, indicating a substantial improvement from their negative year-ago values.