RiverPark Large Growth Fund exited its position in Pinterest during the first quarter of 2026 after the stock declined 40%. The fund cited disappointing fourth-quarter 2025 earnings, where revenue of $1.32 billion missed the $1.33 billion consensus and adjusted EPS of $0.67 fell short of expectations. First-quarter 2026 revenue guidance of $951 million to $971 million came in well below the $980 million anticipated by analysts. CEO Bill Ready attributed the shortfall to an exogenous shock from tariffs that caused the company's largest retail advertiser cohort to meaningfully pull back on brand advertising budgets. The company also announced approximately 15% workforce reductions and organizational restructuring, further unsettling investors.
Pinterest IncMissed Q4 2025 earnings and weak Q1 2026 guidance, leading to fund exit and stock decline.