Pinterest Just Had Its Best Quarter in Nearly 2 Years
Pinterest had a strong Q1: revenue up 18% to $1.01B, users hit 631M. Stock jumped. AI tools and outlook are improving.
Pinterest had a strong Q1: revenue up 18% to $1.01B, users hit 631M. Stock jumped. AI tools and outlook are improving.
Activist investor Elliott Management injects $1 billion into Pinterest via convertible notes at a 30% premium. Pinterest launches $3.5B buyback program, using proceeds for $1B accelerated share repurchase.
Pinterest reports strong user growth but misses revenue forecasts, leading to a sharp stock drop.
Pinterest plans to cut up to 15% of its workforce, shifting focus to AI products to boost revenue amid declining ad spending.
Pinterest’s Q3 2025 revenue grew 17% to $1.05 billion, hitting 600 million users, but its Q4 forecast fell slightly below Wall Street expectations, sending shares down 18% in after-hours trading.
In Q2, Pinterest's revenue beat expectations, but its profit missed them. User growth in the US and Canada, Pinterest's most lucrative market, was flat, causing a 12% drop in stock. Although AI tool adoption improved, changes to a "de minimis" exemption impacted ad spending.