Pinterest Q3 2026 revenue miss as EU de‑minimis rule cuts European growth
Pinterest reported third‑quarter 2026 revenue of $1.174 billion, up 12% year‑over‑year but below its own guidance. The shortfall was driven by a sharper‑than‑expected pullback from European cross‑border sellers after the EU removed its de‑minimis exemption, which erased about three points of growth. Adjusted EBITDA was $339 million and global monthly active users reached a record 661 million. The company projected fourth‑quarter revenue of $1.425‑$1.475 billion, a widened range reflecting continued international pressure.
Why it matters
The revenue miss and broader Q4 guidance range suggest near‑term earnings pressure, which could weigh on the stock price (the company notes the impact of the EU rule). Investors will watch whether the company can offset the European drag with growth in other regions and its AI‑driven ad products.
Key facts
- 1Q3 2026 revenue was $1.174 billion, a 12% year‑over‑year increase on both a reported and constant‑currency basis. finance.biggo.com
- 2Adjusted EBITDA for Q3 2026 was $339 million, representing a 29% margin. finance.biggo.com
- 3Global monthly active users grew 10% year‑over‑year to 661 million. finance.biggo.com
- 4The EU de‑minimis exemption removal caused an approximately three‑point drag on European revenue growth. finance.biggo.com
- 5Q4 2026 revenue guidance was set at $1.425 billion to $1.475 billion, implying 8%‑12% year‑over‑year growth. finance.biggo.com
- 6GAAP net income for Q3 2026 fell 77% to $22 million. stocktitan.net
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.