Pinterest shares slump on earnings miss, weak first quarter outlook Proactive uses images sourced from Shutterstock Pinterest Inc (NYSE:PINS) shares fell more than 20% to about $15 on Friday morning after the company issued a softer-than-expected outlook as well as disappointing fourth quarter earnings. The social media platform guided first quarter 2026 revenue to between $951 million and $971 million, representing year-over-year growth of about 11% to 14% but below the Wall Street consensus of $980 mill ...

格隆汇2月13日｜社交平台Pinterest(PINS.US)股价重挫23%，创2020年4月以来盘中最低水平。因财报及 指引不及预期，市场担忧AI整合"发现"与"购买"环节将直接消除其平台价值——即便AI能力停滞，核心 用例也已受威胁。尽管月活用户增至6.19亿，但"有形AI看跌叙事" 难以摆脱，本周市场对AI颠覆风险的 公司普遍严厉抛售，恐慌情绪蔓延。 ...

Group 1 - Applied Materials increased by 10.8% as the company raised its earnings forecast [1] - Rivian surged by 25.1% with an expected 53% increase in delivery volume by 2026 [1] - Airbnb rose by 6.3%, achieving the highest growth rate in Q4 bookings in two years [1] Group 2 - Roku's stock jumped by 15.8% after Rosenblatt raised its target price to $118, indicating a potential increase of 42% [1] - Pinterest fell by 22.8% due to Q4 performance falling short of expectations [1] - DraftKings declined by 12.0% as its revenue outlook for 2026 did not meet expectations [1]

Market Overview - U.S. stock futures showed mixed results as investors awaited key inflation data, which could influence the Federal Reserve's monetary policy [1][3] - The Dow Jones Industrial Average futures indicated a slight decline of about 0.16%, while S&P 500 futures were nearly flat, and Nasdaq 100 futures gained approximately 0.18% [2] Inflation Data Expectations - The January Consumer Price Index (CPI) report is anticipated to show a year-over-year inflation rate of 2.5%, a slight decrease from the previous month [3] - The core CPI, excluding food and energy prices, is also expected to increase by 2.5% year-over-year [3] - A softer inflation reading could support the case for potential interest rate cuts by the Federal Reserve later in the year [3] Recent Market Performance - All three major indexes closed lower, with the S&P 500 down by 1.6%, Nasdaq Composite down by 2%, and Dow Jones Industrial Average down by 1.3% due to concerns over artificial intelligence's impact on various industries [4] Earnings Reports and Market Movers - Applied Materials (AMAT) surged over 11% after reporting strong quarterly earnings and an optimistic forecast driven by demand for semiconductor manufacturing equipment [6] - Arista Networks (ANET) shares jumped more than 12% following a positive earnings report [6] - US Foods Holding (USFD) climbed 13.4% after releasing its fourth-quarter earnings and optimistic guidance for 2026 [7] - Equinix (EQIX) gained over 10% after analysts raised price targets following its earnings release and dividend increase [7] - On the downside, AppLovin (APP) fell nearly 20% due to mixed analyst reactions, while Cisco Systems (CSCO) dropped 12.3% despite better-than-expected results, and Pinterest (PINS) declined 14% after issuing a weak forecast [8] Global Market Sentiment - Asian markets traded lower, reflecting previous losses on Wall Street, while European indexes opened with mixed performance amid their own earnings reports [9] - Investors are also considering a new trade agreement between the United States and Taiwan aimed at reducing tariffs and boosting investment [9] Treasury and Oil Market - The 10-year Treasury yield remained stable at around 4.13% ahead of the inflation report [10] - WTI crude oil futures were trading higher, near $62.96 per barrel [10]

Core Insights - Pinterest's shares fell 22% in premarket trading due to disappointing fourth-quarter earnings attributed to tariff-related shocks [1] Financial Performance - Q4 revenue was reported at $1.32 billion, slightly below the LSEG consensus estimate of $1.33 billion [2] - Net income for the quarter decreased by 85%, dropping to $277 million from $1.85 billion the previous year [2] - Adjusted EBITDA was $541.5 million, falling short of the projected $550 million by analysts [2] Future Outlook - Pinterest anticipates first-quarter sales to range between $951 million and $971 million, which is below analysts' expectations of $980 million [3]

Company Performance - Pinterest shares fell over 20% in after-hours trading due to missing Wall Street's earnings and revenue expectations for Q4 [5] - Pinterest CEO attributed the disappointing results to President Trump's tariffs affecting retail advertisers, and the company provided weaker-than-expected guidance for Q1 [6] - In contrast, Instacart reported strong revenue and an optimistic forecast for Q1, leading to a 13% increase in its shares before the market opened [6] Economic Indicators - The Bureau of Labor Statistics is set to release January's consumer price index (CPI), which was delayed due to a government shutdown [2] - Economists anticipate a 2.5% year-over-year increase in the CPI, which would align with levels seen in May 2025 [3] Industry Valuations - Three NBA teams reached valuations of $10 billion during the 2024-2025 season, with the Golden State Warriors valued at $10.8 billion, the New York Knicks at $10.1 billion, and the Los Angeles Lakers at $10 billion [11][12] - The average revenue for the league's 30 teams was $416 million, resulting in an average valuation of $5.52 billion, reflecting an 18% increase from the previous year [12] Climate Policy - The Trump administration revoked a significant finding that classified six greenhouse gases as threats to public health, which could have long-term implications for climate change efforts [9][10]

Core Viewpoint - Pinterest shares are experiencing a decline due to a disappointing revenue outlook and quarterly growth, raising concerns among analysts regarding potential disruptions from AI technologies [1] Group 1: Revenue Outlook - The company has provided a revenue outlook that has not met market expectations, contributing to the drop in share prices [1] - Analysts are particularly focused on the implications of AI advancements on Pinterest's business model and growth potential [1] Group 2: Quarterly Growth - The quarterly growth figures reported by the company were below expectations, further exacerbating investor concerns [1] - The combination of weak revenue outlook and subpar growth has led to increased scrutiny from analysts regarding the company's future performance [1]

Group 1 - OpenAI's internal turmoil has stabilized, allowing SoftBank's Masayoshi Son to reduce personal financial risk related to a $1 billion personal guarantee for investments in OpenAI [3][4] - SoftBank has invested $34.6 billion in OpenAI, acquiring an 11% stake, with the investment recorded in the Vision Fund 2, which previously faced significant losses [4][5] - The Vision Fund 2's value has improved by $19.8 billion due to OpenAI's equity appreciation, reducing its overall loss to approximately 3% [4][5] Group 2 - SoftBank's stock price has doubled over the past year, reflecting market confidence in OpenAI, although the substantial profits from the Vision Fund 2 primarily benefit Masayoshi Son [5][6] - Despite the potential for OpenAI's turmoil to resurface, Son has minimized downside risk as SoftBank has converted its loans to the Vision Fund 2 into preferred shares [6] - The company is heavily reliant on debt to fund its AI investment commitments, indicating a strategic focus on financial engineering [6] Group 3 - Pinterest's stock fell 18% after reporting a slowdown in revenue growth to 14%, attributed to reduced advertising spending from large retailers due to new furniture tariffs [7] - Pinterest's CEO expressed dissatisfaction with the fourth-quarter performance and emphasized the need to restore growth rates to 15%-20% [7] - Other companies like Airbnb and Instacart reported positive earnings growth, with Airbnb's revenue growth accelerating to 12% and Instacart's revenue reaching $992 million, up 12% year-over-year [7]

Revenue also varied by region. UCAN revenue was $979 million , up 9% , while Europe revenue was $245 million , up 25% reported (or 18% constant currency), and Rest of World revenue was $96 million , up 64% on both a reported and constant-currency basis. Donnelly said Europe growth was “lower than our expectations,” citing a “second-order effect” from certain large global retailers pulling back ad spending in Europe as they recalibrated budgets due to tariff and margin pressures.For the fourth quarter of 202 ...

本文源自：金融界AI电报 社交平台Pinterest(PINS.US)夜盘大跌17.4%，报15.32美元。 ...