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Pinterest Inc (NYSE: PINS) shares climbed on Monday as the social media company reported promising user numbers in the quarter.
The company said global monthly active users declined by 5% in the second quarter from a year earlier to 433 million, lower than the expected decline to 433 million.
“The macroeconomic environment has created meaningful uncertainty for our advertiser partners,” Pinterest said in the letter.
The company posted revenue of $666 million in the quarter.
For the third quarter, Pinterest expects revenue to grow “mid-single digits on a year-over-year percentage basis,” below analysts’ expectations of 12.7%.
Picture Credits: Getty Images
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