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%.