Pinterest’s (PINS) CFO Exit Tests Whether The Growth Story Holds

Pinterest's CFO, Julia Donnelly, is stepping down from her position, effective October 30, as the company searches for a replacement. CEO Bill Ready praised her leadership for driving 11 consecutive quarters of double-digit revenue growth. During her tenure, Pinterest generated $1.18 billion in revenue in Q2 2026, an 18% increase from the previous year, with global monthly active users reaching 640 million, an 11% increase.

The United States and Canada region, its most lucrative market, saw revenue grow 18% quarter-over-quarter, thanks to a restructured sales team and tighter account coverage for mid-market advertisers. Average revenue per user in that region rose 14% to $8.30. Pinterest has also focused on artificial intelligence, launching its conversational Pinterest Assistant for most US users by the end of July and utilizing open-source models at lower costs.

Adjusted EBITDA reached $311 million, a 26% margin, and free cash flow totaled $1.3 billion in the trailing twelve months. The company plans to retire nearly 111 million shares this year through buybacks, spending over $2 billion. However, Pinterest has slowed revenue growth expectations to 13% to 15% in Q3, citing the shift in Prime Day timing, currency tailwinds, and pressure from Asia-based cross-border retailers.

Competition from Meta's Instagram and rising costs are also factors. Insider selling by Director Benjamin Silbermann further adds to the uncertainty. Pinterest trades at a low forward earnings multiple of 11.98 times, but the company's future growth and profitability remain uncertain with the new CFO taking the helm.