Pinterest's second-quarter earnings were below analysts' expectations for earnings per share, reporting $0.33 instead of $0.35. However, revenue reached $998 million, surpassing the expected $975 million. Year-over-year sales growth was recorded at 17%, while net income rose to $38.76 million, significantly up from $8.9 million. The number of global monthly active users grew to 578 million, exceeding projections. For the third quarter, Pinterest anticipates sales between $1.033 billion to $1.053 billion, confidently exceeding analyst expectations of $1.025 billion.
I'm proud of our Q2 results delivering 17% revenue growth and another quarter of record users. We're also excited that Gen Z has grown to over half of our user base.
Pinterest recorded $251 million in second quarter adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA, which was higher than StreetAccount's estimates of $233 million.
Sales in Pinterest's second quarter grew 17% year-over-year while net income was $38.76 million, up from $8.9 million a year ago during the same period.
Pinterest said that third-quarter sales will come in between $1.033 billion to $1.053 billion, topping analyst estimates of $1.025 billion.
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