Related News

Thrive Capital invested roughly $1 billion in OpenAI, source says

OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Feb. 3, 2025. Kim Kyung-hoon | Reuters Joshua Kushner’s Thrive Capital invested roughly $1 billion in

Chile telescope captures image of star-forming region at heart of Milky Way

A powerful telescope in Chile has captured a detailed new image of the centre of the Milky Way, released on Wednesday by the European Southern Observatory.The image focuses on a

Nvidia (NVDA) earnings report Q4 2026

Nvidia CEO Jensen Huang speaks during the 2026 CES event in Las Vegas, Jan. 6, 2026. Bridget Bennett | Bloomberg | Getty Images Nvidia is scheduled to report fiscal fourth-quarter

Nasa’s ambitious Moon mission delayed: Artemis II rocket rolled back for repairs |

Nasa on Wednesday announced that it has begun rolling its grounded Artemis II moon rocket and Orion spacecraft off the launch pad and back to the Vehicle Assembly Building at

Download this: Subscribing to digital apps has gotten a lot more expensive

The pain of higher prices today isn’t limited to things like food and health care costs. Americans now pay nearly 20% more for TV, music, news and other digital apps

Axon Enterprise (AXON) Q4 2025 earnings

Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock surged more than 18% after the maker of Tasers, body cameras and drones topped Wall Street’s fourth-quarter

Pinterest stock falls 10% after earnings miss

Word Count: 348 | Estimated Reading Time: 2 minutes

Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024.

Brendan McDermid | Reuters

Pinterest shares were down about 10% on Thursday after the company reported second-quarter earnings that missed on earnings per share.

Here’s how the company did, compared to analysts’ consensus estimates from LSEG:

Earnings per share: $0.33 cents Adj. vs. $0.35 cents expected
Revenue: $998 million vs. $975 million expected

Sales in Pinterest’s second quarter grew 17% year-over-year while net income was $38.76 million, up from $8.9 million a year ago during the same period.

Pinterest said that third-quarter sales will come in between $1.033 billion to $1.053 billion, topping analyst estimates of $1.025 billion.

The social media company said it had 578 million global monthly active users in the second quarter, ahead of the 574.5 million that StreetAccount was projecting. Pinterest said in May that it had 570 million monthly active users in the first quarter.

Pinterest recorded $251 million in second quarter adjusted earnings before interest, taxes, depreciation and amortization, or EBIDTA, which was higher 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 said in a statement. “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 company reported second-quarter earnings in which global average revenue per user missed expectations. Evan Spiegel, the company’s CEO, said in an investor letter that Snap’s “topline growth” was negatively impacted by factors including a botched advertising platform update that has since been fixed.

Amazon reported second-quarter earnings last Thursday and noted that its online ad sales jumped 23% year over year to $15.69 billion. Reddit reported its latest earnings the same day, and said that second-quarter sales skyrocketed 78% year over year to $500 million.

Alphabet beat on the top and bottom lines when it reported its second-quarter earnings on July 23, and Meta said on July 30 that its second-quarter revenue hit $47.52 billion. That represented a 22% increase from the previous year during the same period.

WATCH: The Mag 7 stocks can’t be beat, the numbers speak for themselves, says Jim Cramer.