Pinterest shares fall 10% after earnings miss
Pinterest shares fell more than 10% on Thursday after the company reported second-quarter earnings that missed on per-share estimates.
The picture above is Pinterest CEO Bill Ready speaks at the 28th Milken Institute Global Conference at the Hilton Hotel in Beverly Hills, California, on May 5, 2025.
Earnings per share: Adjusted earnings per share of 33 cents, compared to the expected 35 cents
Revenue: $998 million, compared to the expected $975 million
Pinterest’s second-quarter sales increased 17% year-over-year, with net income of $38.76 million, up from $8.9 million in the same period last year.
Pinterest said third-quarter sales will be between $1.033 billion and $1.053 billion, beating analysts’ expectations of $1.025 billion.
The social media company said it had 578 million monthly active users worldwide in the second quarter, topping StreetAccount’s forecast of 574.5 million. Pinterest said in May that it had 570 million monthly active users in the first quarter.
Pinterest reported adjusted earnings before interest, taxes, depreciation, and amortization (EBIDTA) of $251 million in the second quarter, beating StreetAccount’s estimate of $233 million.
“I’m proud of our second quarter results – revenue grew 17% and user growth reached another record quarter,” Pinterest CEO Bill Ready said in a statement. “We’re also excited that Gen Z has grown to more than half of our user base.”
Pinterest CFO Julia Donnelly told analysts on the company’s earnings call Thursday that advertisers remain concerned about the tariffs “and broader market uncertainty” the company discussed in May.
For example, Donnelly said, “Asian e-commerce retailers pulled back spending in the US related to the de minimis exemption changes,” referring to a now-closed trade loophole.
Snap’s stock plummeted more than 15% on Tuesday after the company reported second-quarter earnings that missed global average revenue per user expectations. Snap’s second-quarter revenue grew just 9% year-over-year, significantly slower than peers like Reddit and Meta, which saw sales growth of 78% and 22%, respectively, in their most recent quarters.
Snap CEO Evan Spiegel said in a letter to investors that Snap’s “revenue growth” was negatively impacted by a number of factors, including a failed ad platform update, which has now been fixed.
Amazon released its second-quarter earnings report last Thursday, noting that its online advertising sales grew 23% year-over-year to $15.69 billion. Reddit
The company released its latest earnings report the same day, saying second-quarter sales surged 78% year-over-year to $500 million.