Pinterest's stock surges 12% on jump in revenue, earnings

📆 10/30/2023 3:28 PM
📰 MarketWatch

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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 12% in 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 an all-time-high 482 million year over year.

During a conference call with analysts, Pinterest Chief Financial Officer Julia Brau Donnelly noted strong advertising in consumer packaged goods, financial services, restaurants, travel, technology and auto.

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Pinterest's stock surges on jump in revenue, earningsJon 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.
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