11/4/2021, 9:42 PM (Source: TeleTrader)
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Pinterest Q3 revenue jumps 43% YoY to $633M

Pinterest, Inc. announced on Thursday that its revenue for the third fiscal quarter of 2021 was $633 million, an increase of 43% from the same period in 2020. The number of Global Monthly Active Users (MAUs) increased 1% year on year to 444 million.

Net income was $93 million, up from a $94 million loss at the same time in 2020, while diluted net income per share improved to $0.14 from diluted net loss per share of $0.16 in the third quarter of 2020.

"We were pleased with the financial results that we delivered in Q3 ... 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," CEO and co-founder Ben Silbermann said in a statement.

Company shares were up 6.10% in after-hours trading following the release of the earnings report.

Baha Breaking the News (BBN) / IB