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Pinterest pops as stay-at-home projects fuel user, revenue growth

Added 10-28-20 08:04:02pm EST - “Despite posting a third-quarter loss of? $94.2 million, or 16 cents a share, the? image-sharing? company reported a 58 percent? year-over-year revenue increase to $442.6 million compared to $280 million? in 2019.?” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Pinterest pops as stay-at-home projects fuel user, revenue growth”. Below is an excerpt from the article.

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Pinterest shares are surging nearly 30% in after-hours trading Wednesday as the company reported strong revenue and user growth fueled by stay-at-home projects.

Despite posting a third-quarter loss of $94.2 million, or 16 cents a share, the image-sharing company reported a 58% year-over-year revenue increase to $442.6 million compared to $280 million in 2019.

Pinterest reported a 46% year-over-year increase in its international monthly active users to 343 million compared to 235 million in 2019. Meanwhile, domestic monthly active users increased by 13% year-over-year to 98 million from 87 million a year ago.

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