459 Million Reasons Pinterest's Growth Isn't Over Yet
Visual search and social networking company Pinterest (NYSE: PINS) is putting on a clinic in meeting consumer and business needs during the pandemic. On Thursday, the company reported a 76% year-over-year increase in revenue during the fourth quarter of 2020 to $706 million, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) skyrocketed 287% year over year to $299 million -- an EBITDA profit margin of 42%.
After Pinterest's stock price doubled a couple of times over in the last year, the big question now is whether this train has already left the station for good. I say no, and there are 459 million reasons and counting as to why.
Image source: Getty Images.
Source Fool.com
