Benjamin “Ben'” Silbermann, co-founder and chief executive officer of Pinterest.
Patrick T. Fallon | Bloomberg | Getty Images
Pinterest’s stock jumped in extended trading on Thursday fell after the company reported better-than-expected earnings and revenue for the third quarter even as monthly users dropped
Here are the key numbers:
Adjusted earnings per share: 28 cents vs. 23 cents expected by RefinitivRevenue: $633 million vs. $630.9 million expected by RefinitivMonthly active users: 444 million vs. 460 million expected by StreetAccountAverage revenue per user: $1.41 vs. $1.38 forecast by StreetAccount
Pinterest said monthly active users fell 2% to 444 million, down from the 454 million the company reported in July.
Revenue climbed almost 43% from a year earlier. Pinterest also posted a net income of $94 million, even with its profit from a year ago.
Pinterest provided a fourth-quarter revenue growth estimate “in the high teens” on a year-to-year basis. That was below Refinitiv expectations of 23.9% growth.