Bill Ready, CEO, Pinterest, speaks on the twenty eighth annual Milken Institute Global Conference on the Beverly Hilton in Beverly Hills, California on May 5, 2025.
Patrick T. Fallon | AFP | Getty Images
Pinterest shares have been down greater than 10% on Thursday after the corporate reported second-quarter earnings that missed on earnings per share.
Here’s how the corporate did, in comparison with analysts’ consensus estimates from LSEG:
- Earnings per share: $0.33 cents Adj. vs. $0.35 cents anticipated
- Revenue: $998 million vs. $975 million anticipated
Sales in Pinterest’s second quarter grew 17% year-over-year whereas web earnings was $38.76 million, up from $8.9 million a 12 months in the past throughout the identical interval.
Pinterest mentioned that third-quarter gross sales will are available in between $1.033 billion to $1.053 billion, topping analyst estimates of $1.025 billion.
The social media firm mentioned it had 578 million world month-to-month energetic customers within the second quarter, forward of the 574.5 million that StreetAccount was projecting. Pinterest said in May that it had 570 million month-to-month energetic customers within the first quarter.
Pinterest recorded $251 million in second quarter adjusted earnings earlier than curiosity, taxes, depreciation and amortization, or EBIDTA, which was increased than StreetAccount’s estimates of $233 million.
“I’m proud of our Q2 results — delivering 17% revenue growth and another quarter of record users,” Pinterest CEO Bill Ready mentioned in a press release. “We’re also excited that Gen Z has grown to over half of our user base.”
Snap shares plummeted over 15% on Tuesday after the corporate reported second-quarter earnings wherein world common income per consumer missed expectations. Snap’s income grew by solely 9% 12 months over 12 months within the second quarter, far decrease than friends like Reddit and Meta, which noticed their current quarterly gross sales soar 78% and 22%, respectively.
Evan Spiegel, the corporate’s CEO, mentioned in an investor letter that Snap’s “topline growth” was negatively impacted by elements together with a botched promoting platform replace that has since been mounted.
Amazon reported second-quarter earnings final Thursday and famous that its on-line advert gross sales jumped 23% 12 months over 12 months to $15.69 billion. Reddit reported its newest earnings the identical day, and mentioned that second-quarter gross sales skyrocketed 78% 12 months over 12 months to $500 million.
Alphabet beat on the highest and backside strains when it reported its second-quarter earnings on July 23, and Meta mentioned on July 30 that its second-quarter revenue hit $47.52 billion. That represented a 22% improve from the earlier 12 months throughout the identical interval.
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