By Sam Boughedda
Investing.com — Pinterest (NYSE:PINS) announced earnings per share of 28 cents on revenue of $632.9 million. Analysts polled by Investing.com anticipated EPS of 23 cents on revenue of $631.37 million.
Pinterest revealed its Global Monthly Active Users (MAUs) grew 1% year over year to 444 million.
Pinterest shares have risen 4.26%, to $45.50, following the report.
CEO and co-founder Ben Silbermann said the company was “pleased with the financial results" delivered in Q3.
“Revenue grew 43% year-over-year and I am proud of the team’s progress in launching a number of new products for both creators and brands, bringing more video content and shoppable features to Pinterest,” he added.
The social media firm expects Q4 revenue to grow in the high teens percentage range year over year. In addition, it also expects non-GAAP operating expenses to grow in the low teens quarter over quarter as the company continues to invest in the business.
"The evolution of COVID-19 and the impact of the pandemic unwind on engagement remain unknown," the company said.