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Pinterest Shares Plunge 20% After Q3 Earnings Miss and Weak Guidance
Pinterest Shares Plunge 20% After Q3 Earnings Miss and Weak Guidance
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BTCCSquare news:
Pinterest (PINS) tumbled nearly 20% in post-market trading after reporting disappointing third-quarter results. The social media platform's adjusted EPS of $0.38 fell short of the $0.42 consensus estimate, despite 17% revenue growth to $1.05 billion.
CFO Julia Donnelly noted softening ad spending in Core U.S. and Canadian markets during the earnings call. While MAUs grew 12% to 600 million, international ARPU of $1.78 reflects weaker monetization than domestic users.
The company's lackluster Q4 revenue outlook particularly rattled investors, contrasting with rival Meta Platforms' stronger performance in the digital advertising space.
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