Pinterest has seen its advertising business grow steadily in recent months as advertisers turned to the internet due to the pandemic. The company said it experienced good turnout from small- and medium-sized businesses in the fourth quarter, including in categories like consumer-packaged goods and retail.
The company said it has 459 million monthly users, up 37% from a year earlier. Analysts, on average, estimated about 448 million users.
Profit, excluding some items, was 43 cents a share, topping the average estimate of 33 cents.
Pinterest shares reached a high of $88.38 in extended trading after closing at $77.84 in New York. The stock has gained about 18% this year after more than tripling in 2020.