Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange.
Michael Nagle | Bloomberg | Getty Images
Pinterest shares soared over 12% in extended trading after the company reported third-quarter earnings.
Here’s how the company did.
- Earnings: 11 cents per share (adjusted) vs. 6 cents per share (adjusted) expected, according to Refinitiv.
- Revenue: $684.6 million vs. $666.7 million expected, according to Refinitiv.
Pinterest said its revenue grew 8% year-over-year on a loss of $65 million.
The company’s monthly average users remained relatively flat at 445 million.
“Our current expectation is that Q4 2022 revenue will grow mid-single digits on a year-over-year percentage basis, which takes into account slightly greater foreign exchange headwinds than in Q3 2022,” Pinterest said in a statement. “We expect our Q4 2022 non-GAAP operating expenses to grow low double digits percent quarter-over-quarter.
The company added that operating expenses should grow around 35% year-over-year for 2022.
Watch: Weakening ad revenue could compromise Meta’s free cash flow.
Sumber: www.cnbc.com
