Pinterest’s third-quarter revenue increased by 11% to $763 million in Q3 2023. This growth was driven by a surge in ad earnings and an 8% increase in global monthly active users to 482 million. The company’s success is attributed to its ability to attract and retain advertisers and effectively measure advertising campaigns. Pinterest exceeded expectations for both user numbers and average revenue per user. As the holiday season approaches, Pinterest expects further growth in the final quarter of 2023. The CEO of Pinterest, Bill Ready, expressed confidence in the company’s performance and highlighted its unique position as a visual search, discovery, and shopping platform.

source: Pinterest revenue rises 11%, delivering better than expected results for advertisers