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Pinterest outlook amid rising ad competition
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2026-08-05 13:46 UTC → 2026-08-06 20:20 UTC ·
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In late July 2024 analysts offered gave mixed ratings on Pinterest, to Pinterest and the company forecast Q3 revenue of $1.19‑$1.21 billion—a billion – a 13‑15% increase, rise, slower than the prior quarter’s 18% growth. The outlook triggered guidance sparked a 6% drop in the stock after hours. after‑hours share drop. Pinterest attributed blamed the deceleration to heightened on intensified competition from Meta’s Instagram, Google’s AI‑enhanced image search, Reddit’s new ad product and OpenAI’s advertising push, and it responded by expanding its AI‑driven Performance+ suite and completing the acquisition of tvScientific acquisition to enter connected‑TV advertising. Monthly active users rose 11% to 640 million and average revenue per user reached hit $1.86. In early August 2026 Pinterest reiterated the same Q3 revenue range, again noting a slower growth trajectory and a 6‑9% post‑announcement share decline. 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 regulatory pressure “incremental pressure” on Asia‑based cross‑border retailers in Europe, from European regulatory actions, while CEO Bill Ready emphasized reaffirmed AI as a core growth driver. The company continued continues to push its Performance+ AI advertising platform and leverage the tvScientific acquisition to capture more connected‑TV ad spend.
Versions
- 2026-08-06 20:20 UTC Pinterest outlook amid rising ad competition
- 2026-08-05 13:46 UTC Pinterest outlook amid rising ad competition
- 2026-08-04 20:54 UTC Pinterest analyst ratings and outlook
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