Pinterest Projects Q4 Revenue Between $1.425B and $1.475B Amid International Regulatory Headwinds
Pinterest (NYSE:PINS) has provided its financial guidance for the fourth quarter, forecasting revenue in the range of $1.425 billion to $1.475 billion. The company also expects adjusted EBITDA to fall between $538 million and $588 million. Management noted that changes to EU de minimis tax rules are expected to weigh on international performance during this period. Despite the cautious outlook for Q4, Pinterest reported strong user metrics in Q3, marking its 13th consecutive quarter of record users and its 12th straight quarter of double-digit user growth. However, total revenue for the third quarter fell below the company's previously issued guidance range.
Tickers: $PINS
Topics: earnings report revenue miss user growth