Pinterest Shares Drop 15% After Disappointing Q4 Revenue Forecast

Despite beating Q3 expectations, Pinterest's cautious holiday outlook unsettles investors.

Pinterest's Q3 revenue rose 18% to $898 million, surpassing analyst expectations of $896 million.
The company reported adjusted earnings per share of 40 cents, beating the anticipated 34 cents.
Pinterest's fourth-quarter revenue guidance ranged from $1.125 billion to $1.145 billion, slightly below some analyst estimates.
Global monthly active users increased by 11% to 537 million, exceeding the forecast of 532.6 million.
Pinterest introduced its Performance+ suite to enhance ad targeting with AI, contributing to its revenue growth.