Pinterest, Inc. (NYSE: PINS) saw its shares take off for the sky at the start of business Thursday, a day after financial results were released for the quarter ended September 30.
Revenue, for example, 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.
According to CEO Ben Silbermann, "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.
"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."
PINS’ current expectation is that Q4 revenue will grow around 60% year over year, a modest acceleration compared to the company’s growth rate in Q320.
"We continue," the news release noted, "to navigate uncertainty given the ongoing COVID-19 pandemic and other factors.
"We’re also operating in a more remote working environment while maintaining investments in the long-term strategic priorities of the company. We continue to evaluate our spending as the situation evolves."
PINS shares skyrocketed $18.63, or 37.8%, to $67.88.
