Pinterest's stock surges on jump in revenue, earnings

📆 30/10/2023 22:17:00

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Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.

Pinterest Inc.’s stock popped more than 7% in early extended trading Monday after it reported quarterly results that topped analysts’ revenue and earnings estimates.

“We continued to accelerate the business in Q3 and are driving strong revenue performance, robust global MAU growth, and substantial margin expansion,” Pinterest Chief Executive Bill Ready said in a statement announcing the numbers. Global monthly active users improved 8% to 482 million year over year.

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