Pinterest Inc. reported on Monday its second-quarter results, revealing its revenue increased by 9% to $666 million, with global monthly active users declining 5% to 433 million. The company's GAAP net loss stood at $43 million, with adjusted EBITDA at $92 million.
"We accelerated our investment in shopping and e-commerce this quarter, and I am thrilled by the dedication of our leaders and employees to continue to build a positive place on the Internet," CEO Bill Ready noted.
On full-year guidance, Pinterest said it expects mid-single digits revenue growth, with operating expenses growing by low double digits (both in percentages). The company's stock soared more than 17% in the after-hours trading following the earnings announcement.
