Pinterest’s Revenue Growth Is Slowing as a New CFO Takes Over

Pinterest enters its next earnings report with a mixed setup. Second-quarter revenue rose 18% to $1.18 billion, while management’s third-quarter revenue outlook of $1.19 billion to $1.21 billion implies growth of 13% to 15%. The business is still expanding, but the expected deceleration makes monetization and regional performance more important than headline user growth alone.

The company has shown that it can send more commercial traffic to advertisers, yet revenue has not increased at the same pace as outbound clicks. That gap can reflect pricing, conversion quality, advertiser mix or the time required for newer shopping tools to mature. Investors need evidence that higher engagement is producing measurable returns for advertisers, not just more activity inside the platform.

Leadership is also changing. Pinterest appointed James Dibbo as chief financial officer effective October 26, 2026. Dibbo previously held senior finance roles at Amazon, including in advertising and Prime Video. He succeeds Julia Brau Donnelly, who is expected to remain briefly as an adviser. The transition places a finance executive with advertising experience at the center of Pinterest’s next phase.

The stock’s recent rebound does not resolve the operating questions. Management’s roughly 30% full-year adjusted EBITDA margin outlook offers a profitability anchor, but slower revenue growth could make that target harder to improve further without tighter spending. The Elliott-financed buyback also raises the importance of evaluating capital allocation alongside share count and cash flow.

The next report should be judged on U.S. and Canada growth, advertiser return metrics, margin delivery and the tone of the fourth-quarter outlook. A clean handoff to Dibbo could support confidence, but sustained upside requires Pinterest to close the gap between user actions and advertising dollars.