Pinterest(US:PINS) Businesswire·2026-03-30 20:27Core Viewpoint - Robbins LLP has filed a class action lawsuit on behalf of investors who purchased Pinterest, Inc. (NYSE: PINS) securities between February 7, 2025, and February 12, 2026, alleging that the company misled investors regarding its advertising revenues [1][2]. Allegations - The lawsuit claims that Pinterest failed to disclose significant issues affecting its advertising revenues, including reduced revenues from advertising partners and the impact of U.S. tariffs on its business operations [2]. - It is alleged that Pinterest overstated its ability to manage these macroeconomic challenges, leading to misleading public statements about its financial health [2]. Financial Performance - On February 12, 2026, Pinterest reported quarterly revenue of $1.32 billion, which was below the consensus estimate of $1.33 billion. The company also provided Q1 2026 revenue guidance of $951 million to $971 million, falling short of the consensus estimate of $980.6 million [3]. - CEO William Ready attributed the company's performance to "exogenous shock" related to tariffs, which disproportionately affected advertising spending from top retail advertisers. CFO Julia Donnelly indicated that these tariff-related headwinds are expected to continue and may worsen in Q1 [3]. Stock Impact - Following the announcement of disappointing financial results, Pinterest's stock price dropped by $3.12 per share, or 16.83%, closing at $15.42 on February 13, 2026 [3].