Earning Report
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Pinterest Stock Plunges 21% on Soft Results, Tariff Impact on Ads
Pinterest (PINS) shares plummeted 21% after its Q3 earnings report revealed advertising revenue challenges impacted by tariffs. While revenue met expectations at $1.05 billion, adjusted EPS fell short at 38 cents. Analysts cite limited customer diversification and sensitivity to macroeconomics. Q4 revenue forecast also disappointed. Despite short-term concerns and increasing competition, many analysts maintain a positive outlook, citing Pinterest’s investments in AI and unique visual discovery platform. The platform aims to leverage AI to enhance user experiences and drive commerce.
