When Pinterest Inc. (NYSE: PINS) reported its most recent quarterly results after the markets closed on Thursday, the firm said that it had $0.12 in earnings per share (EPS) and $399.9 million in revenue. That compared with consensus estimates of $0.08 in EPS and $371.23 million in revenue. The fourth quarter of last year reportedly had $273.2 million in revenue.

Monthly active users (MAUs) hit 335 million during the most recent quarter, consisting of 88 million MAUs in the United States and 247 million MAUs internationally.

Average revenue per user (ARPU) increased 14% year over year to $1.22. ARPU in the United States grew 26% to $4.00, and international ARPU increased 122% to $0.21.

Looking ahead to the 2020 full year, the company expects to see total revenue up to $1.52 billion and adjusted EBITDA margin to be flat to up slightly. Consensus estimates call for $0.08 in EPS and $1.5 billion in revenue for the year.

Ben Silbermann, Pinterest CEO, commented:

A strong Q4 marked the end of a year where we improved the foundation of the Pinterest app with more inspiring recommendations, faster performance and improved shopping experiences. In 2020, we continue to pursue our goal of making Pinterest the Internet’s home for inspiration by focusing on delivering relevant content, ads and shopping experiences so Pinners can easily go from inspiration to action.

Pinterest stock closed Thursday at $22.99 and traded early Friday at $26.50, in a post-IPO range of $17.39 to $36.83. The consensus price target is $26.27.

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