Overview
- Revenue rose 17% to $1.05 billion in Q3, while adjusted earnings were $0.38 per share versus $0.42 expected.
- Pinterest guided Q4 revenue to $1.31 billion–$1.34 billion, with the $1.325 billion midpoint below LSEG's $1.34 billion consensus.
- The stock fell as much as about 15% in extended trading after the results and outlook were released.
- Monthly active users hit a record 600 million, and CEO Bill Ready highlighted AI offerings like Performance+ and visual search.
- Management cited reduced U.S. ad spend from some Asia-based e-commerce retailers following the end of the de minimis exemption, as coverage flagged intensifying competition from Meta, TikTok and others.