Pinterest Q3 Earnings Highlights: Revenue Beat, EPS Beat, MAU Up 8%
Portfolio Pulse from Chris Katje
Pinterest Inc (NYSE:PINS) reported Q3 revenue of $763 million, up 11% YoY, beating the Street consensus estimate of $743.5 million. Adjusted EPS of 28 cents also beat the estimate of 20 cents. Global monthly active users were 482 million, up 8% YoY. The company is guiding for Q4 revenue to be up 11% to 13% YoY. Pinterest shares are up 11.16% to $27.90 in after-hours trading.
October 30, 2023 | 8:28 pm
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POSITIVE IMPACT
Pinterest's Q3 earnings beat estimates with higher revenue and EPS, and increased monthly active users. The company's Q4 revenue guidance also indicates growth. This positive news led to an increase in Pinterest's share price.
Pinterest's Q3 earnings beat both revenue and EPS estimates, and the company reported an increase in monthly active users. This positive financial performance and user growth are likely to boost investor confidence, leading to an increase in the company's share price. Furthermore, the company's guidance for Q4 revenue growth indicates continued positive performance, which could further support the stock price.
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