The visual discovery platform reported third-quarter revenue of $1.17B, a 12% increase from the previous year that failed to reach analyst expectations of $1.21B. Adjusted earnings per share also missed targets, coming in at $0.46 compared to a projected $0.48. Shares of Pinterest fell more than 8% in after-hours trading after the company forecasted fourth-quarter revenue between $1.43B and $1.48B, trailing the $1.52B estimate from Wall Street.
Despite the missed financial targets, the company saw its global monthly active users rise 10% to 661M, topping the 653M estimated by analysts. Growth was strongest in the U.S. and Canada, where revenue grew 14% to $894M, while European sales remained flat at $193M. Management stated it is currently focused on scaling AI-driven search and shopping tools to convert high-intent discovery into long-term growth.
