Pinterest Beats Q3 Estimates as Ad Market Recovers, Partnership with Amazon Fuels Growth
- Pinterest beats Q3 revenue and profit estimates as ad market stabilizes, shares up 13%
- Partnership with Amazon driving shopping features and revenue growth
- Global monthly active users grew 8% to 482 million in Q3
- CFO expects profit margin expansion of 600 basis points in 2023 vs prior 400 bps
- Sees Q4 revenue growth of 11-13% year-over-year