Pinterest (PINS) Slashes 21.8%, Nears 52-Week Low

Core Insights - Pinterest Inc. experienced a significant decline in stock price, dropping 21.76% to close at $25.75, nearing its 52-week low after missing earnings estimates [1][3] - The company reported a net income increase of 201% year-on-year, reaching $92.1 million compared to $30.5 million in the same period last year [2] - Revenue for the third quarter rose by 17% to $1.049 billion, up from $898 million year-on-year [3] Financial Performance - Earnings per share for Pinterest in the third quarter were $0.38, falling short of analyst expectations of $0.42 [1] - The company anticipates fourth-quarter revenues between $1.313 billion and $1.338 billion, indicating a year-on-year growth of 14% to 16% [5] - Adjusted EBITDA for Q4 2025 is expected to range from $533 million to $558 million [5] Strategic Initiatives - Pinterest's CEO highlighted the success of investments in AI and product innovation, positioning the platform as a leader in visual search and an AI-powered shopping assistant for 600 million consumers [4] - The company is increasingly becoming a preferred platform for global advertisers to reach customers and drive sales [4]