Pinterest Inc ( PINS ) reported second-quarter financial results Tuesday after the bell. Here’s a look at the key metrics from the quarter.

Q2 Earnings: Pinterest ( PINS ) reported second-quarter revenue of $854 million, beating the consensus estimate of $847.81 million, according to Benzinga Pro. The idea discovery platform company reported adjusted earnings of 29 cents per share, beating analyst estimates of 28 cents per share.

Total revenue was up 21% on a year-over-year basis. Pinterest's ( PINS ) global monthly active users increased 12% year-over-year to 522 million. Average revenue per user grew 8% year-over-year to $1.64.

Pinterest ( PINS ) shares appear to be facing selling pressure due to the company’s outlook for the third quarter.

Pinterest ( PINS ) expects third-quarter revenue to be in the range of $885 million to $900 million versus estimates of $907.7 million. Third-quarter operating expenses are expected to be between $485 million and $500 million.

“Our monetization efforts are paying off. Advertisers are seeing improved performance across key objectives on Pinterest ( PINS ) — from brand awareness to conversion — as we continue to roll out AI-powered products and experiences,” said Bill Ready, CEO of Pinterest ( PINS ).

“As a result, we’re gaining share of advertising budgets with some of the world’s largest brands. I’m proud of our pace of innovation as we execute against the opportunity ahead.”

Management will hold a conference call to discuss these results at 4:30 p.m. ET.

PINS Price Action: Pinterest ( PINS ) shares were down 13.01% after hours at $32.39 at the time of publication, according to Benzinga Pro.

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