×
62
Fashion Jobs
RITUALS
Area Manager, Syd
Permanent · Stockholm
H&M
SEO Specialist Global Media Team - h&m Marketing & Communication
Permanent · Stockholm
H&M
Product Compliance Specialist Within Physical Properties
Permanent · Stockholm
H&M
Product Labelling Specialist, Global Product Compliance Department
Permanent · Stockholm
H&M
Business Controller to Assortment
Permanent · Stockholm
H&M
Product Compliance Coordinator For Cosmetic And Chemical External Branded Products
Permanent · Stockholm
H&M
Buying Student Placement Fall 2020
Permanent · Stockholm
H&M
Art Buyer | h&m Studios
Permanent · Stockholm
H&M
HR Specialist h&m - Health And Work Environment
Permanent · Eskilstuna
H&M
HR Generalist h&m
Permanent · Eskilstuna
H&M
Head of Compensation & Benefits at h&m Group
Permanent · Stockholm
H&M
Responsible ai Specialist
Permanent · Stockholm
HOLLISTER CO
Assistant Manager (Manager in Training) - Hollister Gallerian - Full Time
Permanent · STOCKHOLM
H&M
Fashion or Print Design Internship 2020 – 21 (For 2020 Graduates Only)
Internship · Stockholm
H&M
Content Responsible h&m Backstage For h&m Marketing & Communications
Internship · Stockholm
HOLLISTER CO
Assistant Manager (Manager in Training) - Hollister Emporia - Full Time
Permanent · MALMÖ
H&M
Integration Solution Lead
Permanent · STOCKHOLM
H&M
Customer Service Agent - Finnish
Permanent · Borås
H&M
External Brand Coordinator
Permanent · Stockholm
H&M
External Brand Expansion Coordinator
Permanent · Stockholm
H&M
Print Design Assistant - h&m Home
Permanent · Stockholm
H&M
Product Designer - h&m Home - 6 Months Fixed Term Contract With The Possibility of Prolongation - From February 2020
Fixed-term · Stockholm

Pinterest beats revenue on user addition, lifts 2019 sales forecast

By
Reuters
Published
today Aug 2, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Pinterest raised its full-year sales forecast and reported second-quarter revenue above Wall Street estimates on Thursday, as the online scrapbook company added more users, sending its shares up 12% in extended trading.


Total revenue in the second quarter rose 62% to $261 million - Pinterest


The company said monthly active users rose 30% in the quarter to 300 million globally, significantly above estimates, and the global average revenue per user surged 27.5% to 88 cents.

“These numbers better demonstrate the strength of the Pinterest platform and fast adoption among both consumers and advertisers,” said Colin Sebastian, an analyst at Baird Equity Research.

The results were driven by a combination of international and U.S. growth and were also positively impacted by a delayed Easter this year, the company said.
“Pinterest has delivered exactly what investors were looking for,” said James Cordwell, an analyst at Atlantic Equities.

The San Francisco, California-based company said it expects 2019 revenue between $1.095 billion and $1.115 billion (£903 million and £920 million), compared with its prior forecast of $1.055 billion to $1.08 billion.

Total revenue in the second quarter rose 62% to $261 million, above analysts’ estimate of $235.5 million, according to IBES data from Refinitiv.

Shares of Pinterest, the most high-profile social media company to list in the United States since Snap Inc in 2017, have risen about 50% since initial public offering in April.

© Thomson Reuters 2019 All rights reserved.