{
  "id": 146947,
  "title": "Pinterest shares fall on lukewarm sales guidance",
  "url": "https://urgent.news/2026/08/04/pinterest-shares-fall-on-lukewarm-sales-guidance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T21:53:25.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/08/04/pinterest-pins-q2-earnings-report-2026.html"
  },
  "original_language": "en",
  "account": "Pinterest's shares dropped 7% in extended trading after the company released earnings that met expectations, but provided only \"lukewarm\" sales guidance. Earnings rose to $998.2 million from the previous year, with a net loss of $47 million, or 8 cents per share. This represented an improvement from a net income of $38.76 million, or 6 cents per share, during the same period last year.\n\nCEO Bill Ready stated that the company's results reflected the strength of their platform. The Q2 revenue forecast of $1.19 billion to $1.21 billion was in line with analyst expectations. This guidance took into account minor foreign exchange headwinds and the impact of Amazon's Prime Day moving to Q2 in 2023, which in turn impacted Q3's outlook.\n\nPinterest CFO Julia Donnelly attributed the third-quarter guidance decrease to Amazon Prime Day's shift to the second quarter and the World Cup's conclusion, both of which resulted in spending patterns that wouldn't be replicated in the upcoming quarter. Despite this, adjusted earnings for the quarter of $311 million exceeded analysts' projections of $270 million.\n\nPinterest's user base grew by 11% year-over-year, reaching 640 million global monthly active users. The global average revenue per user was $1.86, surpassing projections. CEO Bill Ready discussed the growing importance of open-weight artificial intelligence models, stating that companies that do not utilize these models may be wasting shareholder money. Donnelly explained how Pinterest manages AI-related costs through a model routing infrastructure, which allows the company to use higher-cost models for complex tasks and lighter, lower-cost options for routine operations.",
  "summary": "Pinterest reported better-than-expected earnings and revenue for the second quarter, though its forecast was online in line with estimates.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}