Observed Signal · Feb 12, 2026 · Earnings Report · Source: CNBC Technology · Impact: 4/5 · Sentiment: Negative
Pinterest Shares Plunge 20% After Earnings Disappointment
Pinterest shares plunged after the company reported Q4 results that missed adjusted EPS expectations and issued weak guidance for the current quarter. Q4 adjusted EPS was $0.67 versus $0.69 expected and revenue was $1.32 billion versus $1.33 billion expected. CEO Bill Ready and finance chief Julia Donnelly said tariffs and related retail-headline impacts prompted major retail advertisers to pull back on ad spend—creating a larger headwind than anticipated. Pinterest reported Q4 net income of $277 million (down 85% year‑over‑year), adjusted EBITDA of $541.5 million (below estimates), and a record 619 million global monthly active users. The company expects Q1 revenue of $951M–$971M, below analyst estimates, and plans to emphasize SMB and international advertisers while continuing restructuring and AI product investments.
Public earnings and forward guidance from a major ad-supported consumer platform affect advertiser demand, pricing and industry revenue expectations; the report signals advertiser pullback (retail) and strategic shifts that matter to the ad ecosystem.
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Key Takeaways & Evidence Grounding
- Pinterest Q4 adjusted EPS: $0.67 vs. $0.69 expected (LSEG consensus).
- Pinterest Q4 revenue: $1.32 billion vs. $1.33 billion expected.
- Q4 net income: $277 million, down 85% year‑over‑year (prior year included deferred tax benefit).
- Pinterest reported 619 million global monthly active users in Q4, up 12% year‑over‑year (StreetAccount expected 613M).
- Pinterest expects Q1 revenue of $951 million to $971 million, below analysts' $980 million estimate; adjusted EBITDA was $541.5 million vs. $550 million projected.
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Pinterest Shares Plunge 22% Amid Tariff-Related Earnings Shock
Pinterest shares fell about 17% after the company reported disappointing Q4 results and cited tariff-related shocks that reduced ad spend from large retailers. Q4 revenue was $1.32 billion, below LSEG consensus of $1.33 billion, while net income fell 85% year-over-year to $277 million. Adjusted EBITDA came in at $541.5 million versus analyst expectations of $550 million. Pinterest guided Q1 sales to $951–971 million, under the $980 million analysts forecast. The company said it had absorbed an exogenous tariff shock, is reallocating resources toward AI-focused teams, and previously announced plans in January to cut less than 15% of its workforce and reduce office space. Citi downgraded the stock to Neutral and Goldman Sachs flagged near-term revenue pressure from tariffs and consumer spending headwinds.
Pinterest's Ad Revenue Slump Blamed on Trump Tariffs
Pinterest reported Q4 revenue of $1.32 billion, up 14% year-over-year but slightly below LSEG analysts’ $1.33 billion projection. Full-year 2025 revenue was $4.22 billion, up 14% YoY. Adjusted EBITDA for the quarter was $541.5 million, missing Wall Street expectations of $550 million. Global monthly active users reached 619 million (up 12% YoY), with accelerated user growth in H2 2025 and Gen Z representing over half of Pinterest’s user base. Following the results and weaker-than-expected Q1 revenue guidance, Pinterest shares fell about 20% in after-hours trading.
Pinterest Q2 Earnings: Revenue Beats, Guidance Lukewarm
Pinterest reported better-than-expected second-quarter results, with adjusted EPS of $0.43 (vs. $0.36 expected) and revenue of $1.18 billion (vs. $1.15 billion expected). Sales rose 18% year-over-year and MAUs increased 11% to 640 million, while the company posted a net loss of $47 million for the period. Pinterest guided Q3 revenue to a range of $1.19 billion–$1.21 billion (midpoint $1.20 billion), roughly in line with analysts' expectations and noting a modest foreign-exchange headwind and effects from the timing shift of Amazon Prime Day and the nonrepeat of World Cup advertising. Shares fell about 7% in extended trading after the guidance.
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