Pinterest shares fall 9.4% after hours, Q3 profit misses estimates

Pinterest, Inc. (PINS) said on Oct. 29 that third-quarter revenue rose 12% from a year earlier to $1.17 billion. Non-GAAP earnings of 46 cents per share missed the 49-cent consensus estimate compiled by Finnhub, and revenue missed the $1.23 billion estimate.

Shares fell 9.4% in after-hours trading as of 4:29 p.m. ET, from a regular-session close of $19.91.

Here's how the company did:

• Revenue: $1.17 billion vs. $1.05 billion a year earlier, against a $1.23 billion estimate, according to Finnhub
• Non-GAAP EPS: 46 cents vs. 38 cents a year earlier, against a 49-cent estimate, according to Finnhub
• GAAP net income: $22 million vs. $92 million a year earlier
• Adjusted EBITDA: $339 million vs. $306 million a year earlier

CEO Bill Ready said in the company's release that Pinterest's "AI-driven visual search and shopping experiences are making Pinterest increasingly valuable for users and advertisers alike."

User growth and revenue by region

Global monthly active users rose 10% from a year earlier to 661 million, an all-time high for the company, according to the release.

Revenue in the U.S. and Canada rose 14% to $894 million from $786 million a year earlier. Europe was flat at $193 million, and Rest of World rose 24% to $87 million from $70 million.

Fourth-quarter outlook

The company expects fourth-quarter revenue of $1,425 million to $1,475 million, representing 8% to 12% growth year over year. That range assumes a modest foreign exchange headwind based on current spot rates.

It also expects fourth-quarter Adjusted EBITDA of $538 million to $588 million. The company said it intends to provide further details on its outlook during the conference call.

Costs, net income and buybacks

GAAP net income fell 77% to $22 million from $92 million a year earlier. According to its SEC filings, net income swung from a profit of $277.1 million in the fourth quarter of 2025 to a loss of $73.6 million in the first quarter of 2026.

The company recorded $4.1 million of restructuring charges in the quarter and $65.5 million for the first nine months, according to the release.

Free cash flow was $300 million, down 6% from $318 million a year earlier. The company repurchased $2.02 billion of Class A common stock in the first nine months, compared with $425 million a year earlier.

At Sept. 30, the company held $654 million in cash and cash equivalents and $816 million in marketable securities, and it carried $982 million of convertible notes, net, on its balance sheet.