Pinterest Q2 2019 earnings

Pinterest on Thursday released higher-than-expected earnings results in its second-quarter earnings report. Pinterest shares are up more than 15% in after-hours trading.

Here are the key figures:

• Adjusted EBITDA: Loss of $ 26 million against estimated loss of $ 39 million
• Returned: 261 million USD against 236 million USD, according to Refinitiv

Pinterest has raised its revenue forecast for 2019 compared to badysts' estimates. For the year, the company expects to generate a turnover of between 1.095 billion and 1.115 billion dollars, against a consensus estimate of 1.079 billion. Last quarter, Pinterest had earnings of between $ 1.055 million and $ 1.080 million.

The company said the total number of monthly active users (MAU) grew 30% year-over-year to reach 300 million in the quarter. International MAUs increased 38% to 215 million, while US MAUs increased 13% to 85 million over the period.

In the second quarter, average international user revenue (ARPU) jumped 123% year-over-year to 11 cents. The US ARPU rose 41% to $ 2.80.

Pinterest said in May that it has seen significant growth in countries such as the United Kingdom and Canada. The company is now focusing on expanding into Europe after opening six new markets earlier this year.

To this end, the company has put in place a number of new updates to its platform in recent months regarding purchases and welfare. Pinterest on Tuesday added custom shopping choices and store catalogs to the feed. Earlier this month, "emotional wellness activities" were also launched to help users deal with stress and anxiety.

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