Pinterest Stock Plummets Amid Q3 Earnings Miss and AI ’Existential Risk’ Concerns
Pinterest shares collapsed over 22% after reporting disappointing third-quarter results, with adjusted earnings of 38 cents per share falling short of Wall Street's 42-cent forecast. Revenue growth of 17% to $1.05 billion matched expectations, but CFO Julia Donnelly cited moderating ad spend in North America due to retail margin pressures from Trump-era tariffs.
Analysts delivered scathing assessments, with one calling the earnings call 'unsettling' and another warning the AI revolution could pose an 'existential risk' to the visual discovery platform. The bearish sentiment persists despite Pinterest reporting 12% year-over-year user growth to 600 million monthly active users globally.