Spotify and Pinterest both reported second-quarter 2026 results that exceeded analyst expectations, yet their stocks declined. Spotify posted earnings per share of $3.0071 against a $2.796 consensus and revenue of $5.50 billion, with premium subscribers reaching 300 million for the first time. Pinterest delivered non-GAAP earnings per share of $0.43 on revenue of $1,179,654,000, growing 18.17% year over year, and global monthly active users hit 640 million. Despite the beats, Spotify slipped 6.53% over the past week and Pinterest gave back 4.22% the morning after the reports. Spotify guided third-quarter revenue to roughly EUR 5 billion with a gross margin of 32.9%, while Pinterest guided third-quarter revenue to $1,190 million to $1,210 million, representing 13% to 15% year-over-year growth and a deceleration from the second quarter.
Pinterest IncBeat Q2 estimates but guided Q3 revenue growth deceleration, causing shares to fall
Spotify Technology SABeat Q2 estimates but guided Q3 revenue below expectations, causing shares to fall
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