The revenue miss and decelerating growth, combined with Q4 guidance below expectations, suggest the stock may face downward pressure. Monitor the earnings call for commentary on Europe weakness and whether the performance advertising ramp can re-accelerate growth in 2027.
Price Chart
Executive Summary
Pinterest reported Q3 2026 revenue of $1.174B, up 12% YoY, and GAAP net income of $21.5M (down 77% YoY from $92.1M). Non-GAAP EPS was $0.46, below the $0.49 consensus, while revenue missed the $1.21B consensus. Q4 revenue guidance of $1.425B-$1.475B (8%-12% growth) came in below Street expectations, and the deceleration from Q2's 18% growth signals a clear slowdown.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $1.174B, up 12% YoY (vs 18% in Q2 2026)
- GAAP net income of $21.5M, down 77% YoY from $92.1M
- Non-GAAP EPS of $0.46 vs consensus of $0.49 (miss)
- Revenue of $1.174B vs consensus of $1.21B (miss)
- Q4 2026 revenue guidance of $1.425B-$1.475B (8%-12% growth), below expectations
- Global MAUs reached an all-time high of 661M, up 10% YoY
- Europe revenue was flat YoY at $193M; Europe ARPU declined 7% YoY to $1.21
- Adjusted EBITDA of $339M, up 11% YoY, margin flat at 29%
- Free cash flow of $300M, down 6% YoY from $318M
Financial Impact
Revenue growth decelerated from 18% in Q2 to 12% in Q3, with a revenue miss of ~$36M vs consensus. Q4 guidance midpoint of $1.45B implies ~10% growth, below the prior quarter's trajectory.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| U.S. and Canada | $894.0M | +14.0% |
| Europe | $193.0M | 0.0% |
| Rest of World | $87.0M | +24.0% |
Risk Factors
- Europe revenue flat YoY and ARPU declining 7% signals monetization challenges in a key region
- Q4 guidance midpoint implies ~10% growth, a further deceleration from Q3's 12% and Q2's 18%
- GAAP net income declined 77% YoY despite revenue growth, driven by higher costs and restructuring charges
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001506293-26-000151 |
| Document: pins-20261029.htm | 0001506293-26-000151 |
| Document: 0001506293-26-000151-index-headers.html | 0001506293-26-000151 |
| Document: 0001506293-26-000151-index.html | 0001506293-26-000151 |
| Document: 0001506293-26-000151.txt | 0001506293-26-000151 |
| 8-K Data (Synthetic) | 0001506293-26-000151 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 1d ago | 3 | $20.64 | awaiting T+5 | awaiting T+5 | $19.36 (−6.20%) |
Oct 30, 2026 1d ago | SC 13G/A | $18.33 | awaiting T+5 | awaiting T+5 | $19.36 (−5.65%) |
Oct 29, 2026 2d ago | 144 | $17.50 | awaiting T+5 | awaiting T+5 | $19.36 (+10.63%) |
Oct 29, 2026 2d ago | 8-K | $17.72 | awaiting T+5 | awaiting T+5 | $19.36 (−9.26%) |
Oct 27, 2026 4d ago | 144 | $20.92 | awaiting T+5 | awaiting T+5 | $19.36 (−7.46%) |
Oct 27, 2026 4d ago | SC 13G/A | $20.92 | awaiting T+5 | awaiting T+5 | $19.36 (−7.46%) |
Oct 23, 2026 8d ago | Institutional Cluster | $22.32 $19.36 | ▼ −13.26% | ▼ −12.70% | $19.36 (−13.26%) |
Oct 21, 2026 10d ago | Insider Cluster | $22.93 $19.92 | ▼ −13.13% | ▼ −13.83% | $19.36 (−15.57%) |
Oct 21, 2026 10d ago | Insider Cluster | $22.93 $19.92 | ▲ +13.13% | ▲ +13.83% | $19.36 (+15.57%) |
Oct 20, 2026 11d ago | 144 | $22.95 $20.58 | ▼ −10.33% | ▼ −9.88% | $19.36 (−15.64%) |
US Market Status
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