Pinterest Announces Third Quarter 2020 Results 10/28/2020
SAN FRANCISCO--(BUSINESS WIRE)-- Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended September 30, 2020.
Q3 revenue grew 58% year over year to $443 million. Global Monthly Active Users (MAUs) grew 37% year over year to 442 million. GAAP net loss was $(94) million for Q3. Adjusted EBITDA was $93 million.
“More than ever before, people are coming to Pinterest to get inspiration for their lives—everything from planning early for a socially distant Halloween to creating great home schools for their kids,” said Ben Silbermann, CEO and co-founder, Pinterest. “Our top priority is to continue making Pinterest home to the most inspiring and actionable content. This quarter we launched a set of tools to empower creators to show and share their ideas with people who are ready to act.”
“The strong momentum our business experienced in July continued throughout the rest of the third quarter. We’re extremely pleased with the broad based strength of our business, driven by recovering advertiser demand as well as positive returns from our investments in advertiser products and international expansion,” said Todd Morgenfeld, CFO and Head of Business Operations, Pinterest.
Q3 2020 Financial Highlights |