Categories Earnings, Technology

Pinterest (PINS) beats Q3 earnings expectations; revenues miss

Pinterest Inc. (NYSE: PINS) reported better-than-expected earnings for the third quarter of 2019 while revenues missed estimates. Shares fell 18% in aftermarket hours on Thursday.

The company delivered a 47% increase in total revenue to $280 million compared to the prior-year period, but the results fell below estimates of $281 million.  

GAAP net loss was $125 million, or $0.23 per share, compared to $19 million, or $0.15 per share last year. Adjusted net income was $5.9 million, or $0.01 per share. Analysts had forecast a loss of $0.04 per share.   

Pinterest monthly active user growth trend by quarter

Global monthly active users (MAU) grew 28% year-over-year to 322 million. MAUs rose 8% in the US and 38% internationally. Global ARPU grew 14% to $0.90. ARPU in the US grew 26% to $2.93 while international ARPU jumped 127% to $0.13.

Revenue in the US increased 39% to $251 million while international revenue improved 212% to $28 million. Revenues were driven by ARPU expansion and growth in MAUs.

Also read: Pinterest Q3 2019 Earnings Preview

During the quarter, Pinterest expanded its ads business to 28 countries and the new markets include Cyprus, Greece, Hungary and Poland, among others.

Share-based compensation expense increased to $130 million from $4 million in the prior-year period.

For the full year of 2019, Pinterest expects total revenues to grow 46-48% to a range between $1.10 billion and $1.11 billion.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top