Pinterest sinks on weak Q3 revenue growth forecast

Pinterest

05/08/2026 10:12

** Pinterest PINS.N down 8.56% at $23.39 premarket 
** Co forecast slower Q3 revenue growth on Tuesday, signaling intensifying competition in digital advertising from larger rivals such as Meta's Instagram
** Co forecast current-quarter revenue of $1.19 bln to $1.21 bln, representing growth of 13% to 15%, compared with 18% revenue growth in Q2
** The midpoint of the forecast, however, is broadly in line with analysts' estimate of $1.20 bln - data compiled by LSEG
** PINS global monthly active users increased 11% to 640 mln in Q2, while average revenue per user rose 7% to $1.86
** 19 of 39 brokerages rate the stock "buy" or higher, 20 "hold"; their median PT is $28
** As of last day's close, PINS down ~1.2% YTD

 (Reporting by Kanishka Ajmera in Bengaluru)
 ((mail to: Kanishka.Ajmera@thomsonreuters.com))