Pinterest (NYSE:PINS) Issues Quarterly Earnings Results

Pinterest (NYSE:PINS) issued its quarterly earnings data on Thursday. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03), FiscalAI reports. Pinterest had a return on equity of 6.39% and a net margin of 3.81%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year.

Here are the key takeaways from Pinterest’s conference call:

• Q3 revenue missed expectations, coming in at $1.174 billion, up 12% year over year. European de minimis regulatory changes caused cross-border sellers to pull back more than anticipated, while international go-to-market restructuring added pressure.
• Pinterest expects continued near-term pressure in international markets, with Q4 revenue guidance of $1.425 billion to $1.475 billion, representing only 8% to 12% growth. Management does not expect cross-border spending to recover during the holiday period.
• User momentum remained strong, with global MAUs reaching a record 661 million, up 10%, and engagement in UCAN deepening faster than user growth. UCAN revenue grew 14% in Q3 and 15% year to date, demonstrating progress in Pinterest’s performance-advertising strategy.
• Pinterest is expanding AI-driven monetization through Pinterest Assistant, Visual Search Ads, improved bidding, and programmatic partnerships. Approximately 80% of Pinterest Assistant searches are commercial, while an early advertiser test showed a 77% increase in new-customer return on ad spend using Pinterest’s measurement integration.
• Q3 adjusted EBITDA was $339 million, with a 29% margin, and trailing 12-month free cash flow reached nearly $1.26 billion. However, Pinterest expects increased infrastructure and GPU spending in Q4 while maintaining its full-year adjusted EBITDA margin target of approximately 30%.

Pinterest Trading Down 2.8%

Pinterest stock traded down $0.55 during midday trading on Friday, reaching $19.37. The stock had a trading volume of 34,923,202 shares, compared to its average volume of 13,229,177. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. Pinterest has a 52-week low of $13.84 and a 52-week high of $34.12. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 77.47, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The company has a fifty day moving average of $20.64 and a 200 day moving average of $20.79.

Insider Activity

In other news, insider Wanjiku Walcott sold 14,103 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $18.21, for a total value of $256,815.63. Following the sale, the insider directly owned 658,902 shares in the company, valued at approximately $11,998,605.42. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Claude Leonard Brown sold 12,240 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $20.00, for a total value of $244,800.00. Following the sale, the insider directly owned 1,130,768 shares of the company’s stock, valued at $22,615,360. This represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 692,877 shares of company stock worth $14,733,501 in the last ninety days. 8.09% of the stock is currently owned by company insiders.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest reported third-quarter revenue of $1.17 billion, up 11.9% year over year, while global monthly active users rose 10% to a record 661 million. The company also generated $339 million in adjusted EBITDA and $300 million in free cash flow. Pinterest Announces Third Quarter 2026 Results
• Positive Sentiment: KeyBanc maintained its Buy rating, while Wells Fargo and Cantor Fitzgerald retained Overweight ratings. Their revised targets of $23 imply potential upside from current trading levels, suggesting some analysts still view the selloff as excessive. KeyBanc Remains a Buy on Pinterest
• Neutral Sentiment: Unusually heavy put-option activity was reported, with traders buying approximately 17,657 puts—about 23% above typical daily volume. This indicates elevated hedging or bearish speculation but does not confirm the direction of future trading.
• Negative Sentiment: Pinterest missed third-quarter expectations: adjusted EPS was $0.46 versus a $0.49 consensus, and revenue of $1.17 billion fell short of estimates near $1.21 billion. Analysts attributed the miss to pressure on advertising growth. Pinterest Misses Q3 Earnings and Revenue Estimates
• Negative Sentiment: Fourth-quarter revenue guidance of approximately $1.45 billion was about 4.7% below Wall Street expectations, fueling concerns that Pinterest’s revenue growth is decelerating during the holiday period. Pinterest Sets Q4 Outlook Below Street View
• Negative Sentiment: Several firms cut their price targets: Wells Fargo lowered its target from $31 to $23, Barclays from $31 to $24, and Wedbush from $24 to $20; Wedbush also shifted to Neutral. The reductions reinforce concerns about weaker near-term growth and advertising momentum. Wells Fargo Lowers Pinterest Price Target

Analysts Set New Price Targets

PINS has been the subject of a number of recent research reports. Jefferies Financial Group cut Pinterest from a “strong-buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group cut their target price on Pinterest from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of Pinterest in a report on Monday. Robert W. Baird raised their price target on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company lowered their price target on Pinterest from $31.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.50.

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.