The social-media company on Thursday reported sales and profit, as well as monthly active users, that beat financial analysts’ estimates, catapulting the shares in after-hours trading.
“Despite the challenging macro environment, we are delivering performance and a distinct value proposition to advertisers, reaching users across the full funnel,” Pinterest’s new Chief Executive Bill Ready said in a statement. Pinterest also said fourth-quarter revenue will “grow mid-single digits on a year-over-year percentage basis.”
Monthly active users remained flat, at 445 million; Wall Street analysts on average projected 437.4 million.