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Pinterest stock plunges 18% on revenue miss

Pinterest stock plunges 18% on revenue miss

Pinterest shares plunged 18% in extended trading on Thursday after the image-sharing site reported disappointing third-quarter results.

Here are the key numbers for the period ended in September:

  • Earnings per share: 23 cents
  • Revenue: $279.9 million, vs $280.6 million forecast by Refinitiv
  • Monthly active users: 322 million, vs. 322.8 million forecast by FactSet
  • Average revenue per user: 90 cents, vs 91 cents forecast by FactSet

While much smaller than online ad rivals Google and Facebook, Pinterest is growing at a faster clip and picking up some market share. Sales grew 47% in the latest quarter from a year earlier, topping Facebook's 28% ad sales growth and Google, which reported an increase of 17%.

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