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Sep 30, 2020
Pinterest Q3 2020 Earnings Report
Pinterest's Q3 2020 performance showcased significant revenue growth and user base expansion.
Key Takeaways
Pinterest's Q3 2020 earnings revealed strong growth, with revenue increasing by 58% year-over-year to $443 million and MAUs growing by 37% to 442 million. The company reported a GAAP net loss of $94 million, but Adjusted EBITDA was $93 million, representing 21% of revenue.
Revenue grew 58% year-over-year, driven by increased advertiser demand and international expansion.
Monthly Active Users (MAUs) increased by 37% year-over-year, reaching 442 million.
GAAP net loss was $(94) million, or (21)% of revenue.
Adjusted EBITDA was $93 million, or 21% of revenue.
Pinterest
Pinterest
Pinterest Revenue by Geographic Location
Forward Guidance
Pinterest anticipates Q4 revenue growth to be around 60% year-over-year.
Positive Outlook
- Q4 revenue will grow around 60% year over year
- Continue to navigate uncertainty given the ongoing COVID-19 pandemic and other factors.
- Operating in a more remote working environment while maintaining investments in the long-term strategic priorities of the company.
- Continue to evaluate our spending as the situation evolves.
- Intend to provide further detail on our outlook during the conference call.