Pinterest Shares Plummet 20% After Earnings Miss, Contrasting Crypto Market Resilience

Pinterest's stock cratered 20% in extended trading after reporting disappointing Q3 earnings of $0.38 per share, falling short of Wall Street's $0.42 expectation. The visual discovery platform's weak Q4 revenue guidance of $1.31-$1.34 billion further rattled investors, missing analyst projections despite achieving 600 million monthly active users globally.

The sell-off erased Pinterest's year-to-date gains, highlighting growing concerns about digital advertising headwinds. CFO Todd Morgenfeld cited 'pockets of moderating ad spend' from major U.S. retailers facing tariff pressures—a stark contrast to last week's strong digital ad performance from tech giants Meta, Alphabet, and Amazon.

While traditional tech stocks face volatility, cryptocurrency markets continue demonstrating decoupled performance. Major exchanges like Binance, Coinbase, and Bybit report steady institutional inflows into Bitcoin and Ethereum products, underscoring crypto's growing role as a hedge against traditional market turbulence.