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    Pinterest (PINS) earnings Q3 2021

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    Benjamin “Ben'” Silbermann, co-founder and chief executive officer of Pinterest.

    Patrick T. Fallon | Bloomberg | Getty Images

    Pinterest on Thursday reported better-than-expected earnings and revenue for the third quarter despite a decline in monthly users.

    The company’s stock price was up more than 6% in extended trading after closing on Thursday at its lowest in over a year.

    Here are the key numbers:

    • Adjusted earnings per share: 28 cents vs. 23 cents expected by Refinitiv
    • Revenue: $633 million vs. $630.9 million expected by Refinitiv
    • Monthly active users: 444 million vs. 460 million expected by StreetAccount
    • Average revenue per user: $1.41 vs. $1.38 forecast by StreetAccount

    Pinterest said monthly active users fell 2% from the 454 million the company reported in July. This was the second quarter in a row that Pinterest saw a decline in monthly users.

    The company said that, as of Nov. 2, its U.S. MAUs were approximately 89 million while global MAUs were 447 million. Those numbers are down 9% and 2.6%, respectively, from the fourth quarter.

    Revenue climbed almost 43% from a year earlier. Pinterest also posted a net income of $94 million, even with its profit from a year ago.

    Pinterest provided a fourth-quarter revenue growth estimate “in the high teens” on a year-to-year basis. That was below Refinitiv expectations of 23.9% growth.

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