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[SITUATION] · [ACTIVE]
2 clusters · 12 sources · 5 days · First seen · Last updated
Categories: BUSINESS
Pinterest outlook amid rising ad competition
Entities: Pinterest Inc. · Google · Julia Donnelly · Meta Platforms · Google LLC
Overview
In late July 2024 analysts gave mixed ratings to Pinterest and the company forecast Q3 revenue of $1.19‑$1.21 billion – a 13‑15% rise, slower than the prior quarter’s 18% growth. The guidance sparked a 6% after‑hours share drop. Pinterest blamed the deceleration on intensified competition from Meta’s Instagram, Google’s AI‑enhanced image search, Reddit’s new ad product and OpenAI’s advertising push, and responded by expanding its AI‑driven Performance+ suite and completing the tvScientific acquisition to enter connected‑TV advertising. Monthly active users rose 11% to 640 million and average revenue per user hit $1.86.
In early August 2026 Pinterest reiterated the same Q3 revenue range, reporting Q2 revenue of $1.18 billion, beating the $1.15 billion consensus estimate. Shares fell about 9% in extended trading. CFO Julia Donnelly warned of “incremental pressure” on Asia‑based cross‑border retailers from European regulatory actions, while CEO Bill Ready reaffirmed AI as a core growth driver. The company continues to push Performance+ and leverage tvScientific to capture more connected‑TV ad spend.
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)
- [● 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)
- [● 6 SOURCES] Average revenue per user in Q2 was $1.86. (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)
- [● 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)
Timeline
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4 days ago
[BUSINESS] 12 sourcesPinterest projects slower Q3 revenue growth amid intensifying ad competitionPinterest projects Q3 revenue of $1.19‑$1.21 bn (13‑15% growth), slower than Q2’s 18% rise, citing tougher competition; shares fell ~9% after the forecast.
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9 days ago
[BUSINESS] 2 sourcesPinterest shares receive mixed analyst ratings as Boothe Investment Group adds new stakePinterest was downgraded to a hold by Wall Street Zen, while Boothe Investment Group bought a $11.9 M stake, keeping institutional interest high.
Sources
assodigitale.it · mommygearest.com · paparazzi.com.ar · pymnts.com · rbfirehose.com · seekingalpha.com · sgsme.sg · srnnews.com · stocknews.com · tech360.tv · trecebits.com · wixx.com
This summary has been updated 2 times: see revision history