Stock Groups

Pinterest (PINS) earnings Q3 2021

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Benjamin Silbermann (co-founder, chief executive officer at Pinterest),

Bloomberg | Bloomberg | Getty Images

Pinterest’sAfter the company announced better-than expected earnings and revenues for its third quarter, stock prices rose on Thursday in extended trading. This was despite the fact that monthly users declined.

These are the main numbers

  • Shares adjusted earnings Refinitiv expects 28cs to 23cs, but it is actually only 28cs
  • Revenue $633 million vs. $630.9 million expected by Refinitiv
  • Users who are active monthly 444 million vs 460 million expected by StreetAccount
  • Average revenue per user: $1.41 vs. $1.38 forecast by StreetAccount

Pinterest said monthly active users fell 2% to 444 million, down from the 454 million the company reported in July.

From a year ago, revenue increased almost 43%. Pinterest reported a net income in excess of $94 Million, even after its profits. a year ago

Pinterest gave a fourth quarter revenue growth forecast “in the teens” year-over-year. This was lower than Refinitiv’s 23.9% expected growth.

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