Overview
- Pinterest reported Q3 revenue of $1.05 billion in line with forecasts, but adjusted EPS of $0.38 missed the $0.42 estimate.
- The company guided Q4 revenue to $1.31–$1.34 billion, a midpoint below the Street, and shares fell roughly 18%–22% over Nov. 4–5.
- CFO Julia Donnelly said larger U.S. retailers facing tariff‑related margin pressure cut ad budgets in the U.S. and Canada, with some Asia‑based e‑commerce advertisers reducing U.S. spend after the de minimis change.
- Advertisers are favoring Meta, TikTok and Google’s platforms with broader reach and advanced AI ad tools, increasing pressure on Pinterest’s growth.
- Pinterest hit a record 600 million monthly users and highlighted AI products like Pinterest Assistant and Performance+, with Q3 adjusted EBITDA of $306 million and strong cash flow.