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Both companies have reported impressive results for the second, quarter ended June 30. FB’s total revenues for the quarter increased 56% year-over-year to $29.08 billion, registering its fastest growth since 2016. In comparison, PINS’ revenues improved 125% from the same period last year to $613.21 million.
FB’s net income and EPS increased 101% from the prior-year quarter to $10.39 billion and $3.61, respectively. In comparison, PINS’ net income and EPS came in at $69.42 million and $0.10, respectively, indicating a substantial improvement from their negative year-ago values.
