Overview
- The stock fell roughly 18% to 20% in extended and premarket trading after the report and guidance.
- Third-quarter revenue rose 17% to $1.05 billion in line with estimates, but adjusted EPS was $0.38 versus $0.42 expected.
- Pinterest guided fourth-quarter revenue to $1.31 billion to $1.34 billion, with the $1.325 billion midpoint landing below Wall Street’s $1.34 billion consensus.
- Global monthly active users hit a record 600 million as ARPU came in at $1.78 slightly under forecasts, and U.S. and Canada revenue of $786 million missed estimates.
- CFO Julia Donnelly cited pockets of moderating ad spend tied to tariff-related margin pressure in core markets, while analysts trimmed targets and pointed to stiff competition from larger AI-powered ad platforms.