Observed Signal · Feb 13, 2026 · Earnings Report · Source: CNBC Technology · Impact: 4/5 · Sentiment: Negative
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.
Earnings and guidance from a major social ad platform reveal tariff-driven advertiser pullback and weaker near-term revenue, which affects ad demand, pricing and platform monetization; Citi downgrade and management's pivot to AI signal strategic and market implications for advertisers and partners.
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Key Takeaways & Evidence Grounding
- Pinterest Q4 revenue was $1.32 billion versus LSEG consensus of $1.33 billion.
- Pinterest reported net income of $277 million in Q4, an 85% decline from $1.85 billion the prior year.
- Pinterest reported adjusted EBITDA of $541.5 million, below analysts' $550 million projection.
- Pinterest expects Q1 sales of $951 million to $971 million, below analysts' $980 million forecast.
- Pinterest said it absorbed a tariff-related exogenous shock, announced plans in January to lay off less than 15% of its workforce, is cutting office space, and is reallocating resources to AI-focused teams; the stock closed nearly 17% lower after the report.
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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.
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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