Image sharing platform Pinterest, Inc. (NYSE: PINS) reported a slightly wider loss for the second quarter of 2020, while revenues increased. It was better than the outcome analysts had predicted.
The company, which went public more than a year ago, reported a loss of $0.07 per share for the June quarter, on an adjusted basis, compared to a loss of $0.06 per share in the year-ago period. Net loss, meanwhile, narrowed to $100.75 million or $0.17 per share from $1.16 billion or $2.62 per share las year.
Revenues increased 4% annually to $272.5 million even as the number of global monthly active users grew by 39%. Both revenues and the bottom-line topped expectations.