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

MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases

Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter

GM Earnings: All you need to know about General Motors Q4 2022 earnings results

General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%

CAT Earnings: Highlights of Caterpillar’s Q4 2022 results

Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per

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