Pinterest (NYSE: PINS) reported fourth-quarter 2020 financial results after the closing bell on Thursday.
The social media company reported a 76% jump in Q4 revenues to $706 million, surpassing the Wall Street consensus.
The company posted a net profit of $208 million, against a loss of $36 million in the previous year. Adjusted earnings of $0.30 per share were also higher than what analysts had anticipated.
The stock closed at $77.86 on Thursday evening with a growth of 1%