May 16, 2019 - Economy

Pinterest stock price dives after mixed earnings results

Kia Kokalitcheva

Photo of NYSE stock exchange during Pinterest IPO. — NYSE on day of Pinterest IPO. Photo: JOHANNES EISELE/AFP/Getty Images

Pinterest, the online bookmarking service, posted mixed results on Thursday for its first quarterly earnings as a public company, beating revenue estimates while reporting a much larger loss per share than expected.

Why it matters: The company went public at a price above its initial proposed range, with many expecting Pinterest to work its way to profitability soon enough.

By the numbers:

Loss per share: $0.33 vs. $0.11 expected, per Yahoo Finance.
Revenue: $201.9 million vs. $200.6 million expected, per Yahoo Finance.
Monthly active users: 291 million global, 85 million U.S., 206 million international.
Average revenue per user: $ 0.73 global, $2.25 U.S., $0.08 international.

Pinterest's stock price quickly dropped by more than 14% in after-hours trading after posting its earnings.

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Pinterest stock price dives after mixed earnings results

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