Pinterest reported revenue of $279.7 million in the third quarter of 2019, up 47% from $190.2 million in the year-earlier period, but its net loss soared 561% over the same time period, to $124.7 million from $18.9 million, using generally accepted accounting principles.
The company pointed out that it was profitable on a non-GAAP basis, with $5.96 million of net income, compared with a net loss of $14.9 million in the previous-year period.
Pinterest tallied 322 million global monthly active users at the end of the third quarter, up 28% year-over-year, citing double-digit growth in nearly all countries outside of the U.S.
The company now sells ads in 28 countries, up from 19 at the end of the second quarter.
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