Pinterest shares slumped after earnings as Pinterest warned its first-quarter sales will fall short of Wall Street’s expectations, a setback that comes just weeks after the company unveiled layoffs tied to a shift toward artificial intelligence products. The guidance miss extended a rocky stretch for the visual discovery platform and rattled investors. (bloomberg.com)
On February 12, 2026, Pinterest projected January–March revenue of Guidance: $951 million to $971 million, below the roughly $981 million average analyst estimate. The weak outlook overshadowed fourth-quarter results that showed revenue of $1.319 billion and continued year-over-year growth. Bloomberg noted the stock fell by the most in more than three years after the forecast. (bloomberg.com)
Late last month, the company disclosed a restructuring that will cut layoffs affecting under 15% of staff and reduce office space, with the goal of reallocating resources to AI-focused roles and products and overhauling its sales and go‑to‑market approach. Pinterest said it expects $35 million to $45 million in pretax charges and aims to complete the plan by September 30, 2026. The AI pivot underscores management’s bet that smarter ad tools and shopping features can reignite monetization. (sec.gov)
Even with the stock drop, Pinterest enters 2026 with operational momentum on users: the company said monthly active users hit an all‑time high of Record 619 million monthly users in the fourth quarter. The challenge is converting that audience into faster revenue growth at a time when larger rivals are leaning on advanced AI to lure ad budgets. Investors will look for evidence that Pinterest’s product and sales retooling can narrow that gap. (nasdaq.com)
Management’s first-quarter outlook implies 11%–14% year-over-year growth, helped by a modest foreign‑exchange tailwind. Executives said they are “transforming” sales and go‑to‑market execution to better match the commercial intent they see on the platform—an effort likely to be a key focus for the rest of 2026. (nasdaq.com)