‍Pinterest shares fell over -14% on July 31st after the company's third-quarter revenue guidance of $885 million to $900 million fell short of the $908.6 million analysts expected. 

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Despite this, Pinterest's second-quarter revenue rose 21% and its net income was up 125% year over year.  Monthly active users and revenue per user also grew 12% and 8% respectively.

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“We had another impressive quarter, reporting a 21% increase in revenue and 12% growth in monthly active users globally,” said Bill Ready, CEO of Pinterest. “Our monetization efforts are paying off. Advertisers are seeing improved performance across key objectives on Pinterest – from brand awareness to conversion – as we continue to roll out AI-powered products and experiences. As a result, we’re gaining share of advertising budgets with some of the world’s largest brands. I’m proud of our pace of innovation as we execute against the opportunity ahead.”

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