Pinterest Delivers Revenue Beat and Gen Z Surge, But Tariff Concerns and EPS Miss Weigh on Shares

Benzinga

Pinterest shares fell over 10% Thursday after the company missed second-quarter earnings per share estimates, according to CNBC. The company reported adjusted earnings per share of 33 cents, missing estimates of 35 cents, while revenue beat expectations at $998 million versus $975 million. Pinterest reported 578 million global monthly active users, surpassing the 574.5 million projected by StreetAccount. Pinterest CEO Bill Ready highlighted 17% revenue growth, record user numbers, and Gen Z making up over half of the platform's user base in the second quarter. Pinterest CFO Julia Donnelly said advertisers remain cautious due to tariffs and broader market uncertainty. She noted that some Asia-based e-commerce retailers reduced U.S. ad spending following the closure of a trade loophole.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Pinterest shares fell over 10% Thursday after the company missed second quarter earnings per share estimates, according to CNBC.

00:08Company reported adjusted earnings per share of $0.33, missing estimates of $0.35,

00:12while revenue beat expectations at $998 million versus $975 million.

00:17Pinterest reported 578 million global monthly active users, surpassing the $574.5 million projected by Street account.

00:24Pinterest CEO Bill Reddy highlighted 17% revenue growth, record user numbers,

00:30and Gen Z making up over half of the platform's user base in the second quarter.

00:34Pinterest CFO Julia Donnelly said advertisers remained cautious due to tariffs and broader market uncertainty.

00:40She noted that some Asia-based e-commerce retailers reduced U.S. ad spending following the closure of a trade loophole.

00:45For all things money, visit Benzinga.com.

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