Pinterest projects slower Q3 revenue growth amid intensifying ad competition
Pinterest forecast third‑quarter revenue of $1.19 billion to $1.21 billion, a 13%–15% increase that trails the 18% growth recorded in the second quarter. The company reported second‑quarter revenue of $1.18 billion, beating analysts’ estimate of $1.15 billion.
Global monthly active users rose 11% to 640 million in Q2, and average revenue per user reached $1.86. The firm’s AI‑driven advertising suite Performance+ and its recent acquisition of tvScientific are intended to attract more marketers. CFO Julia Donnelly warned of “incremental pressure” from Asia‑based cross‑border retailers affected by European regulatory actions. Following the guidance, Pinterest’s shares fell about 9% in extended trading.
The slower outlook reflects heightened competition from larger platforms such as Meta’s Instagram, Google’s AI‑enhanced image search, Reddit’s new ad product and OpenAI’s growing focus on advertising.
Entities: Bill Ready · Google · Google LLC · Julia Donnelly · Meta Platforms · Meta Platforms, Inc. · Pinterest · Pinterest Inc. · Reddit
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 6 SOURCES] Pinterest forecast third‑quarter revenue of $1.19 billion to $1.21 billion, representing 13%–15% growth. (d881787f-1747-4f3a-9951-8e7617a592a1, 8aec5f9e-1103-49d1-8287-7cd1739eb64a, c75b58f7-80d6-4ecf-bbfa-fa1fb87d56bf, cc95e5)
- [● 6 SOURCES] The forecasted growth is slower than the 18% revenue increase recorded in the second quarter. (d881787f-1747-4f3a-9951-8e7617a592a1, 8aec5f9e-1103-49d1-8287-7cd1739eb64a)
- [● 4 SOURCES] Pinterest shares fell about 9% in extended trading after the revenue guidance was released. (c75b58f7-80d6-4ecf-bbfa-fa1fb87d56bf, cc95e56a-6a4a-4af5-8a24-93d356dc9ec9)
- [● 6 SOURCES] Average revenue per user in Q2 was $1.86. (d881787f-1747-4f3a-9951-8e7617a592a1, 8aec5f9e-1103-49d1-8287-7cd1739eb64a)
- [● 6 SOURCES] Pinterest reported second‑quarter revenue of $1.18 billion, beating analysts’ estimate of $1.15 billion. (d881787f-1747-4f3a-9951-8e7617a592a1, 8aec5f9e-1103-49d1-8287-7cd1739eb64a)
- [● 6 SOURCES] Global monthly active users rose 11% to 640 million in the second quarter. (d881787f-1747-4f3a-9951-8e7617a592a1, 8aec5f9e-1103-49d1-8287-7cd1739eb64a)
- [● 4 SOURCES] CFO Julia Donnelly said the company faces incremental pressure from Asia‑based cross‑border retailers due to European regulatory actions. (c75b58f7-80d6-4ecf-bbfa-fa1fb87d56bf, cc95e56a-6a4a-4af5-8a24-93d356dc9ec9)