PINS · Pinterest Inc.
AI read · Bad for PINS
The AI's read
The revenue miss matters because Pinterest said European rule changes led cross-border sellers to pull back more than expected. That pullback accounted for about 3 percentage points of the change in global revenue growth from Q2 to Q3. Pinterest still had a 13th straight quarter of record user growth, and its adjusted profit measure met expectations. It expects Q4 revenue growth of 8%–12%, but ongoing pressure overseas keeps the revenue miss at the center of this report.