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Core Viewpoint - Wedbush downgraded Pinterest Inc. to Neutral from Outperform and reduced its price target to $30 due to mixed third-quarter results and revenue growth guidance falling approximately 100 basis points below initial expectations for the upcoming quarter [1] Group 1: Financial Performance - Pinterest's third-quarter results were mixed, leading to a downgrade in outlook [1] - The company is expected to experience revenue growth that is roughly 100 basis points below initial expectations for the next quarter [1] Group 2: Market Conditions - The outlook for Pinterest reflects a wider range of potential outcomes amid macroeconomic uncertainty and tariff effects [2] - Investors are increasingly concerned about the risks from rising adoption of competing agentic commerce tools among consumers, which are seen as outweighing the benefits from previous consumer packaged goods (CPG) weakness [2] Group 3: Valuation and Sentiment - Following the report, market sentiment weakened, with shares trading around 10 times the firm's 2027 adjusted EBITDA estimate [3] - While Pinterest is still believed to be on track to achieve the lower end of its medium-term objectives, there is reduced visibility into catalysts that could significantly accelerate growth [3] - The long-term expectations for Pinterest have been revised downward, with the price target lowered from $34 to $30 [3]

Core Insights - Celestica Inc. (CLS) and Pinterest, Inc. (PINS) are significant players in the technology sector, each with distinct expertise in electronics manufacturing services and visual recommendation platforms respectively [1][2] Celestica Overview - Celestica is a leading firm in the electronics manufacturing services (EMS) industry, providing a wide range of manufacturing and supply-chain solutions to various sectors including cloud services and original equipment manufacturers [1] - The company has over two decades of manufacturing experience and is focused on delivering cloud-optimized data storage and networking solutions, driven by the increasing demand for AI-based applications [4] - Celestica's product diversification and presence in high-value markets enhance its business resilience, reducing dependence on any single industry [5] - Despite its strengths, Celestica faces challenges with high operating expenses and stiff competition from major players like Foxconn and Flex, which have impacted its profit margins [6] Pinterest Overview - Pinterest offers a platform for users to save and organize visual recommendations, generating revenue through advertisements targeted at millennials and Gen Z [2][7] - The company is enhancing its advertising platform to provide unique value propositions for advertisers, including the Verified Merchants Program that allows brands to showcase shoppable products [7] - Pinterest is focusing on operational improvements and AI integration to enhance ad relevancy and personalization, which is expected to yield long-term benefits [8] - However, Pinterest anticipates a significant increase in operating expenses as it expands its operations and product offerings, facing competition from both larger and smaller firms [10] Financial Performance and Estimates - The Zacks Consensus Estimate for Celestica's 2025 sales and EPS indicates year-over-year growth of 26.3% and 52.1% respectively, with EPS estimates trending upward [11] - In contrast, Pinterest's 2025 sales are expected to grow by 16.1%, with EPS estimates showing a downward trend of 8.9% [12] - Over the past year, Celestica's stock has increased by 227.2%, outperforming the industry growth of 91.6%, while Pinterest's stock has declined by 18.2% [13] Valuation Comparison - Celestica appears more attractive from a valuation perspective, with a price/sales ratio of 2.06 compared to Pinterest's 3.54 [15] - Celestica holds a Zacks Rank of 1 (Strong Buy), while Pinterest has a Zacks Rank of 4 (Sell), indicating a more favorable investment outlook for Celestica [16] Conclusion - Both companies expect improvements in sales and earnings for 2025, but Celestica has demonstrated sharper revenue and EPS growth, making it a more appealing investment option compared to Pinterest [17]

Core Insights - Pinterest Inc reported third-quarter revenue of $1.05 billion, meeting analysts' expectations, but adjusted earnings per share of 38 cents fell short of the anticipated 42 cents [1][2] - The company anticipates fourth-quarter revenue between $1.31 billion and $1.34 billion, slightly below the consensus estimate of $1.34 billion, with expected adjusted EBITDA of $533 million to $558 million [2] Financial Performance - Third-quarter revenue was $1.05 billion, aligning with analyst estimates [1] - Adjusted earnings per share were 38 cents, missing the expected 42 cents [1] - Fourth-quarter revenue guidance is set between $1.31 billion and $1.34 billion, with adjusted EBITDA projected at $533 million to $558 million [2] Market Reaction - Following the earnings announcement, Pinterest shares declined by 2.3%, closing at $32.91 [3] - Analysts adjusted their price targets for Pinterest post-earnings, with varying opinions on the stock's outlook [3][5] Analyst Ratings - B of A Securities maintained a Buy rating but reduced the price target from $44 to $39 [5] - Rosenblatt downgraded Pinterest from Buy to Neutral, lowering the price target from $49 to $30 [5] - BMO Capital kept an Outperform rating while decreasing the price target from $41 to $35 [5]

Core Insights - Pinterest reported a strong Q3 2025 with a revenue of $1,049 million, reflecting a 17% year-over-year growth and a 16% increase on a constant currency basis [1][3] - The platform achieved an all-time high of 600 million global monthly active users (MAUs), marking a 12% increase year-over-year [1][3] Financial Performance - Revenue for Q3 2025 was $1,049 million, up from $898 million in Q3 2024, representing a 17% increase [2][3] - Net income reached $92 million, a significant increase of 201% compared to $30.6 million in the same quarter last year [2][3] - Non-GAAP net income was $262.9 million, up 18% from $223.3 million in Q3 2024 [2][3] - Adjusted EBITDA for the quarter was $306 million, a 24% increase from $247 million in Q3 2024 [2][3] User Metrics - Global MAUs increased to 600 million, up from 537 million in Q3 2024, representing a 12% growth [3][4] - Average revenue per user (ARPU) globally was $1.78, a 5% increase from $1.70 in Q3 2024 [4] Geographic Revenue Breakdown - Revenue from the U.S. and Canada was $786 million, a 9% increase from $719 million in Q3 2024 [4] - Revenue from Europe surged by 41% to $193 million, up from $137 million [4] - Revenue from the Rest of the World saw a remarkable 66% increase, reaching $70 million compared to $42 million in Q3 2024 [4] Cash Flow and Operating Activities - Net cash provided by operating activities was $321.7 million, a 30% increase from $248 million in Q3 2024 [2][3] - Free cash flow for the quarter was $318.4 million, also a 30% increase from $244 million in the same period last year [2][3] Future Guidance - For Q4 2025, Pinterest expects revenue to be between $1,313 million and $1,338 million, indicating a year-over-year growth of 14% to 16% [5] - The company anticipates Q4 2025 Adjusted EBITDA to range from $533 million to $558 million [5]

User Growth - Pinterest has reached 600 million monthly active users, adding 22 million users over the last reporting period [1] - User growth is observed in every region, with significant traction in the "Rest of World" category, particularly in Brazil and Mexico, despite a loss of 2 million users in Europe in the last report [2] Revenue Performance - Pinterest reported a 17% year-over-year increase in revenue for Q3, bringing in just over $1 billion, primarily from its ad business [1][3] - The average revenue per user (ARPU) in the U.S. is significantly higher than in Europe and the "Rest of World" category, but ARPU is not rising significantly [3] Future Growth Potential - Pinterest is looking for a boost in end-of-year sales to drive revenue numbers higher, leveraging its position as a key discovery platform with improved search tools and recent AI additions [4] - The introduction of a new AI assistant tool aims to enhance user experience by using visual matches and conversational queries to find relevant items [5][6] - The integration of shopping tools and direct purchase activity is crucial for Pinterest to capitalize on its user base and improve monetization [6][7]

Group 1 - The article discusses the investment perspective on Pinterest, Inc. (NYSE: PINS), highlighting a previous buy recommendation based on growth drivers such as user activity expansion and revenue increase [1] - The author emphasizes a fundamentals-based approach to value investing, focusing on companies with long-term durability, steady growth, and strong balance sheets [1] - It is noted that while investing in successful companies carries risks, there are scenarios where the potential for growth diminishes the importance of current valuation [1]

Group 1 - Pinterest's Relative Strength (RS) Rating improved from 63 to 71, indicating a positive trend but still below the desired threshold of 80 or higher [1] - The Composite Rating for Pinterest has risen to 96, suggesting an overall strengthening in its performance metrics [4] - Following Q2 earnings, Pinterest's stock experienced a decline, highlighting ongoing challenges for the social media company [4] Group 2 - Pinterest has received an analyst upgrade, reflecting confidence in its potential, particularly as it makes advancements in AI [4] - The stock has seen a series of RS Rating increases, with recent jumps to 82 and 84, indicating growing investor interest [4]