economy

February 12, 2026

Pinterest Shares Tank 20% on Earnings Miss, Weak Guidance

The company said it expects first-quarter sales to come in between $951 million to $971 million, trailing analyst estimates of $980 million.

Pinterest Shares Tank 20% on Earnings Miss, Weak Guidance

TL;DR

  • Pinterest shares fell 19% in after-hours trading due to an earnings miss and weak guidance.
  • The company reported adjusted earnings per share of 67 cents versus 69 cents expected.
  • Fourth-quarter revenue was $1.32 billion against an expected $1.33 billion.
  • First-quarter sales are projected between $951 million and $971 million, below the $980 million estimate.
  • Global monthly active users reached an all-time high of 619 million, exceeding the 613 million expected.
  • Net income for the fourth quarter decreased by 85% year-over-year.
  • Pinterest is laying off less than 15% of its workforce to focus on AI-powered products.

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