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ZoomInfo vs Pinterest: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

ZoomInfo Technologies Inc. (GTM)

Q3 2026
▲2▼2

ZoomInfo beats Q2, raises guidance, but AI and legal risks persist

  • Q2 beat and raised guidance ZoomInfo beat Q2 estimates with $310 million revenue and raised full-year 2026 guidance to about $1.21 billion, supported by strong cash flow and buybacks. This positive surprise lifted investor confidence.

    This is a new positive development that directly boosted sentiment during the period.

  • New pricing model and AI integrations The company launched a hybrid consumption-based pricing model and expanded its AI platform through Microsoft Copilot, Google Gemini, Salesforce, and Cursor integrations, plus the DoubleO.ai acquisition and Agent Teams.

    These strategic moves are new and aim to counter AI disruption fears, potentially driving future growth.

  • Securities fraud class action and weak growth A securities fraud class action alleges the company hid slowing seat-based demand and misled investors before a $62 million guidance cut triggered a 33% stock drop. Growth of just 1.5% badly trails HubSpot's 23.4%.

    This legal and fundamental weakness is a new negative that weighs on the stock.

  • Analyst downgrades and goodwill impairment Citi named it least-preferred, and Stifel cut its target to $3.50, citing execution risk, delayed bookings, pricing uncertainty, and AI disruption. A $650.5 million goodwill impairment also weighed on results.

    These analyst actions and the impairment are new negative factors that pressured the stock.

August 2026
▲2▼2

ZoomInfo Expands AI Platform, But Legal and Analyst Risks Persist

  • AI Platform Expansion ZoomInfo is integrating its AI go-to-market platform with Microsoft Copilot, Google Gemini, Salesforce, and Cursor, and acquired DoubleO.ai while launching Agent Teams. These moves could drive adoption and support revenue growth.

    This is a key new development that could positively impact future revenue and stock performance.

  • Guidance Raised Despite Impairment ZoomInfo raised full-year guidance to $1.21 billion, even after a $650.5 million goodwill impairment. Analysts see upside, suggesting confidence in the business outlook.

    This shows management's confidence and potential for earnings growth, a positive signal for investors.

  • Securities Class Action Allegations A securities class action alleges ZoomInfo misled investors before cutting revenue guidance by $62 million, which triggered a 33% stock drop. Legal overhang and potential costs weigh on the stock.

    This legal risk is a major negative factor that could lead to financial penalties and reputational damage.

  • Analyst Downgrades and Execution Concerns Citi named ZoomInfo a least-preferred stock, and Stifel cut its price target to $3.50, citing execution risk, delayed bookings, uncertain pricing power, and AI disruption. Agent Teams lacks published performance metrics.

    Analyst downgrades and concerns about execution can pressure the stock price and investor sentiment.

Latest
▲2▼1

ZoomInfo's AI integrations expand while legal and demand worries persist

  • Analyst downgrades and weak demand outlook Citi named ZoomInfo a least-preferred software stock, citing execution risk and delayed bookings, while Stifel cut its price target to $3.50 on uncertain pricing power and AI disruption. These analyst warnings signal that demand for ZoomInfo's core data product is slowing, pressuring the stock.

    Directly explains negative sentiment and demand concerns driving GTM down.

  • Expanding AI platform integrations ZoomInfo launched connectors for Google Gemini Enterprise, Salesforce AgentExchange, and Cursor Marketplace, embedding its data into major AI workflows. These integrations expand its reach and could drive customer adoption, supporting revenue growth and lifting the stock.

    Shows new technology partnerships that could boost demand and sentiment.

  • Agent Teams launch after DoubleO.ai acquisition ZoomInfo acquired DoubleO.ai and launched Agent Teams, an AI agent orchestration layer bundled into GTM Studio at no extra cost. This deepens its platform and may attract customers, but lacks published performance metrics, so the impact is uncertain.

    Latest product move that could drive growth but carries execution risk.

▲2▼1

ZoomInfo Expands AI GTM Platform, Raises Guidance Despite Legal Cloud

  • Securities Class Action Lawsuit A class action lawsuit alleges ZoomInfo misled investors about slowing demand and guidance before cutting revenue outlook by $62 million, causing a 33% stock drop. This legal overhang weighs on GTM's price by raising uncertainty and potential costs.

    This is a new legal risk that directly affects investor confidence and could pressure the stock.

  • Microsoft Copilot Integration ZoomInfo launched a connector for Microsoft Copilot Studio, embedding its B2B data into Microsoft 365 apps. This expands its AI ecosystem and could drive customer adoption, supporting revenue growth and lifting GTM's price.

    This new product integration shows progress in AI strategy, a key growth driver for the company.

  • Q2 Goodwill Impairment and Guidance Raise ZoomInfo reported a $650.5 million goodwill impairment but raised full-year revenue guidance to $1.21 billion and continued share buybacks. The impairment reflects past overpayment, but the guidance raise signals stabilizing demand, a net positive for the stock.

    This earnings update provides a counterweight to negative news, showing improved outlook despite accounting charge.

  • DoubleO.ai Acquisition and New Connectors ZoomInfo acquired DoubleO.ai and launched GTM.AI connectors for Superhuman Go and Replit, deepening its AI workflow integration. Analysts project $1.2 billion revenue and $391.8 million earnings by 2029, with a $4.60 fair value implying 21% upside.

    This acquisition and product expansion reinforce the AI growth narrative and could attract investors.

July 2026
▲2▼2

ZoomInfo Beats Q2, Raises Guidance, But Legal and Growth Woes Linger

  • Q2 Beat and Raised Guidance ZoomInfo's Q2 revenue of $310 million beat expectations, and management raised full-year 2026 guidance to $1.207–$1.217 billion. Strong cash flow and buybacks signaled confidence, giving the stock a lift.

    This is the main positive new development that drove the stock in July.

  • Hybrid Pricing Model Launch A planned hybrid consumption-based pricing model, launching later this quarter, could attract customers and revive growth. This shift from pure seat-based subscriptions may address changing customer needs.

    This new initiative could improve future demand and is a key strategic move.

  • Securities Fraud Class Action Deadline A securities fraud class action alleging ZoomInfo hid slowing seat-based demand and weak retention has an August 24 lead-plaintiff deadline. Legal costs and bad publicity remain overhangs.

    This ongoing legal issue continues to pressure the stock and is a key negative factor.

  • Unfavorable Peer Comparison ZoomInfo grew just 1.5% versus HubSpot's 23.4%, highlighting competitive weakness and pressuring valuation despite improving fundamentals. Slow growth makes it harder to justify the stock's price.

    This comparison underscores the competitive challenges that continue to weigh on the stock.

▲2▼1

ZoomInfo Lifts Guidance, Launches Consumption Pricing, But Legal Cloud Persists

  • ZoomInfo raises full-year 2026 revenue guidance and reports Q2 overperformance ZoomInfo raised its full-year 2026 revenue guidance to $1.207–$1.217 billion after Q2 revenue of $310 million beat expectations. Strong cash flow and share buybacks signal confidence, which can lift the stock as investors see improving fundamentals.

    This is the most significant new positive event, directly affecting revenue outlook and investor confidence.

  • ZoomInfo to roll out hybrid consumption-based pricing model Starting later this quarter, ZoomInfo will offer flexible consumption-based pricing alongside its traditional per-seat model. This could attract more customers and boost revenue growth, as it aligns with how software is increasingly bought, potentially reversing recent demand weakness.

    This is a new strategic shift that addresses the core demand problem and could drive future growth.

  • Securities fraud class action deadline approaches, keeping legal overhang Multiple law firms remind investors of the August 24 lead plaintiff deadline in a securities fraud lawsuit alleging ZoomInfo hid slowing demand and misled on AI retention. This keeps legal costs and bad publicity in focus, weighing on the stock.

    This is a new development in the ongoing legal saga, with a specific deadline that could impact near-term sentiment.

▼2

ZoomInfo's Legal Overhang Deepens as Lead-Plaintiff Deadline Nears

  • Securities fraud class action deadline looms Multiple law firms reminded investors that the deadline to seek lead plaintiff in the securities fraud class action is August 24, 2026. The suit alleges ZoomInfo hid slowing seat-based demand and weak retention. This keeps legal costs and bad publicity in focus, weighing on the stock.

    This is the main new development this period, with several firms issuing deadline reminders.

  • Peer comparison shows ZoomInfo lagging badly A report noted ZoomInfo grew revenue just 1.5% to $310.2 million and gave weak guidance, while peers like HubSpot grew 23.4%. On average, sales software stocks fell 16.8% since reporting. This highlights ZoomInfo's weak competitive position, pressuring its valuation.

    This new peer comparison underscores ZoomInfo's underperformance relative to competitors.

Q2 2026
▼4

ZoomInfo Hit by AI Fears, Fed Shift, and Mounting Lawsuits

  • Fed signals no more rate cuts, pressuring software stocks The Federal Reserve held rates steady and removed its expected 2026 cut, even hinting at a possible hike. Higher rates make future profits worth less today, so software stocks like ZoomInfo fell 3.6% as investors demanded a bigger return for holding them.

    This macro shift directly lowers the value investors place on ZoomInfo's future earnings.

  • AI selloff deepens fears for subscription software A broad selloff hit software stocks as investors worried AI agents will replace traditional subscription tools. ZoomInfo dropped 7.3% in one day. If customers can build their own AI solutions, demand for ZoomInfo's data and seat-based subscriptions could shrink.

    This is the core technology threat that could erode ZoomInfo's business model and revenue.

  • Multiple class-action lawsuits filed over alleged misleading statements Several law firms filed securities class actions against ZoomInfo, claiming it hid slowing growth, weak customer retention, and the impact of AI. The suits cover investors from Nov 2025 to May 2026, with an August 24 lead-plaintiff deadline. Legal costs and bad publicity weigh on the stock.

    These new lawsuits add regulatory and reputational risk that can pressure the share price.

  • ZoomInfo's weak revenue growth stands out among peers ZoomInfo grew revenue just 1.5% to $310.2 million and missed full-year guidance, while peers like HubSpot grew 23.4%. Its stock has plunged 53.1% since reporting. Slow growth makes it harder to justify its valuation, especially as rivals expand faster.

    This highlights ZoomInfo's lagging fundamentals relative to competitors, a key reason for its underperformance.

June 2026
▼4

ZoomInfo Hit by AI Fears, Fed Shift, and Mounting Lawsuits

  • Fed signals no more rate cuts, pressuring software stocks The Federal Reserve held rates steady and removed its expected 2026 cut, even hinting at a possible hike. Higher rates make future profits worth less today, so software stocks like ZoomInfo fell 3.6% as investors demanded a bigger return for holding them.

    This macro shift directly lowers the value investors place on ZoomInfo's future earnings.

  • AI selloff deepens fears for subscription software A broad selloff hit software stocks as investors worried AI agents will replace traditional subscription tools. ZoomInfo dropped 7.3% in one day. If customers can build their own AI solutions, demand for ZoomInfo's data and seat-based subscriptions could shrink.

    This is the core technology threat that could erode ZoomInfo's business model and revenue.

  • Multiple class-action lawsuits filed over alleged misleading statements Several law firms filed securities class actions against ZoomInfo, claiming it hid slowing growth, weak customer retention, and the impact of AI. The suits cover investors from Nov 2025 to May 2026, with an August 24 lead-plaintiff deadline. Legal costs and bad publicity weigh on the stock.

    These new lawsuits add regulatory and reputational risk that can pressure the share price.

  • ZoomInfo's weak revenue growth stands out among peers ZoomInfo grew revenue just 1.5% to $310.2 million and missed full-year guidance, while peers like HubSpot grew 23.4%. Its stock has plunged 53.1% since reporting. Slow growth makes it harder to justify its valuation, especially as rivals expand faster.

    This highlights ZoomInfo's lagging fundamentals relative to competitors, a key reason for its underperformance.

▼4

ZoomInfo Hit by AI Fears, Fed Shift, and Mounting Lawsuits

  • Fed signals no more rate cuts, pressuring software stocks The Federal Reserve held rates steady and removed its expected 2026 cut, even hinting at a possible hike. Higher rates make future profits worth less today, so software stocks like ZoomInfo fell 3.6% as investors demanded a bigger return for holding them.

    This macro shift directly lowers the value investors place on ZoomInfo's future earnings.

  • AI selloff deepens fears for subscription software A broad selloff hit software stocks as investors worried AI agents will replace traditional subscription tools. ZoomInfo dropped 7.3% in one day. If customers can build their own AI solutions, demand for ZoomInfo's data and seat-based subscriptions could shrink.

    This is the core technology threat that could erode ZoomInfo's business model and revenue.

  • Multiple class-action lawsuits filed over alleged misleading statements Several law firms filed securities class actions against ZoomInfo, claiming it hid slowing growth, weak customer retention, and the impact of AI. The suits cover investors from Nov 2025 to May 2026, with an August 24 lead-plaintiff deadline. Legal costs and bad publicity weigh on the stock.

    These new lawsuits add regulatory and reputational risk that can pressure the share price.

  • ZoomInfo's weak revenue growth stands out among peers ZoomInfo grew revenue just 1.5% to $310.2 million and missed full-year guidance, while peers like HubSpot grew 23.4%. Its stock has plunged 53.1% since reporting. Slow growth makes it harder to justify its valuation, especially as rivals expand faster.

    This highlights ZoomInfo's lagging fundamentals relative to competitors, a key reason for its underperformance.

Pinterest Inc (PINS)

Q3 2026
▲2▼1

Pinterest's user growth and AI ad tools offset slowing revenue and CFO change

  • Strong user growth and margin outlook Pinterest's monthly active users rose 11% to 640 million, and revenue grew 18% in Q2 2026. The company also raised its full-year EBITDA margin outlook to about 30%, showing better cost control.

    This is the main positive fundamental driver for the stock this quarter.

  • Slowing revenue growth and falling ad prices Ad pricing fell 5% year-over-year, and Q3 revenue growth is guided to slow sharply to 13–15% due to rising competition from Meta's Instagram. Pinterest also swung to a $46.7 million Q2 loss.

    This explains the main negative pressure on the stock during the quarter.

  • CFO departure and swift replacement Pinterest's CFO left, creating uncertainty, but Amazon veteran James Dibbo was quickly named permanent CFO. This reduced leadership risk and helped steady investor confidence.

    Leadership changes are a key factor affecting investor sentiment this quarter.

  • New ad products and partnerships Pinterest launched Visual Search Ads and AI tools, and partnered with Zillow to expand advertiser reach. Analysts also view Pinterest as one of the cheapest social media stocks, with a forward P/E under 12.

    These initiatives and valuation support are new positive developments for the stock.

August 2026
▲2▼2

Pinterest's growth slows, costs rise, but cheap valuation and new products offer hope

  • Q2 loss and slowing Q3 guidance Pinterest swung to a $46.7 million loss in Q2 and guided Q3 revenue growth to 13–15%, down from 18% in Q2. This slowdown worries investors about future profits.

    This is a key negative factor that directly impacts investor sentiment and the stock price.

  • CFO exit and European regulation CFO Julia Donnelly's departure added uncertainty, and European regulation is disrupting Asian merchants. These issues create operational and compliance challenges.

    Leadership changes and regulatory hurdles are significant risks that can affect execution and growth.

  • Cheap valuation and new products Analysts view Pinterest as one of the cheapest social media stocks, with forward P/E under 12. New Visual Search Ads, AI tools, and a Zillow partnership expand advertiser reach.

    Attractive valuation and product innovation provide upside potential and support the stock.

  • New CFO appointment reduces risk Amazon veteran James Dibbo was swiftly appointed as permanent CFO, reducing leadership risk. This brings stability and experience to the finance team.

    A quick and credible CFO appointment alleviates concerns about management turnover.

Latest
▲2

Pinterest's cheap valuation and new ad tools offset CFO uncertainty

  • Pinterest looks undervalued after a rough stretch Several analysts call Pinterest one of the cheapest social media stocks, with a forward P/E under 12 versus peers near 20, and one fair-value estimate implying 18.8% upside. A low price can attract buyers if growth holds, pushing the stock up.

    This is the main new bullish force: multiple valuation-focused stories flag PINS as unusually cheap.

  • New ad products and partnerships expand reach Pinterest launched Visual Search Ads and AI tools like Pinterest Intelligence and Restyle, and partnered with Zillow to target home shoppers. These moves could bring in more advertisers and revenue, supporting the stock.

    These are concrete new growth initiatives that could improve monetization and advertiser demand.

  • CFO exit creates uncertainty, but a permanent replacement is named CFO Julia Donnelly's departure sent shares down 6.4% on fears about financial leadership. Pinterest then appointed James Dibbo, an Amazon ads finance veteran, as permanent CFO. The quick, credible hire reduces the risk of prolonged uncertainty.

    The CFO change was a major negative, but the new appointment is a fresh development that could calm investors.

▼3

Pinterest's growth is slowing as costs and executive turnover weigh

  • Q2 loss and soft Q3 guidance Pinterest swung to a $46.7 million loss in Q2 and guided Q3 revenue growth to 13-15%, down from 18%. Slower growth and a loss make investors worry about execution and monetization, pushing the stock down.

    This is the core new financial result and outlook that directly drives the stock lower.

  • CFO departure adds uncertainty CFO Julia Brau Donnelly left in late August, with an interim replacement. A sudden CFO exit can signal internal issues and makes investors nervous about financial leadership, weighing on the stock.

    This is a new event that adds to negative sentiment and explains part of the recent price drop.

  • European regulation disrupts merchants CEO Bill Ready warned that European regulatory changes are hurting cross-border Asian merchants and forcing a go-to-market overhaul. This pressures near-term business and adds regulatory risk, pushing the stock down.

    This is a new warning from the CEO that directly explains the recent 9% share drop.

  • AI investments boost users but raise costs Pinterest hit 640 million users and beat Q2 estimates, but AI and cloud costs are rising, including a $4 billion AWS commitment. The user growth is positive, but higher spending pressures profits and the stock.

    This shows the positive user traction and the cost side that together shape the mixed outlook.

July 2026
▲2▼2

Pinterest's user growth shines but ad pricing and competition weigh on outlook

  • Ad pricing decline pressures revenue Pinterest's ad pricing fell 5% year-over-year, which means it earns less per ad shown. This directly hurts revenue growth and margins, making investors worried about future profitability. The stock has dropped 36% over the past year, partly due to this pricing weakness.

    This explains a key reason why Pinterest's stock is under pressure despite user growth.

  • Q3 revenue growth to slow sharply Pinterest guided Q3 revenue growth to 13-15%, down from 18% in Q2, citing rising competition from Meta's Instagram. This slowdown spooked investors, sending shares down 6-9% after the report. Slower growth means less future profit, which weighs on the stock price.

    This is the main new negative catalyst that drove the stock down this period.

  • Strong user growth and engagement Pinterest hit 640 million monthly active users, up 11% and its 12th straight quarter of record users. Revenue rose 18% to $1.18 billion, beating estimates. This shows the platform remains popular and can grow its audience, which supports long-term ad revenue potential.

    This is a key positive that provides a counterweight to the negative pricing and competition news.

  • Raised full-year EBITDA margin outlook Pinterest raised its full-year 2026 adjusted EBITDA margin expectation to about 30%, signaling better cost control and profitability. This gives investors confidence that the company can manage expenses even as revenue growth slows, which helps support the stock price.

    This is a new positive from the Q2 earnings that shows improving profitability.

▲2▼2

Pinterest's user growth shines but ad pricing and competition weigh on outlook

  • Ad pricing decline pressures revenue Pinterest's ad pricing fell 5% year-over-year, which means it earns less per ad shown. This directly hurts revenue growth and margins, making investors worried about future profitability. The stock has dropped 36% over the past year, partly due to this pricing weakness.

    This explains a key reason why Pinterest's stock is under pressure despite user growth.

  • Q3 revenue growth to slow sharply Pinterest guided Q3 revenue growth to 13-15%, down from 18% in Q2, citing rising competition from Meta's Instagram. This slowdown spooked investors, sending shares down 6-9% after the report. Slower growth means less future profit, which weighs on the stock price.

    This is the main new negative catalyst that drove the stock down this period.

  • Strong user growth and engagement Pinterest hit 640 million monthly active users, up 11% and its 12th straight quarter of record users. Revenue rose 18% to $1.18 billion, beating estimates. This shows the platform remains popular and can grow its audience, which supports long-term ad revenue potential.

    This is a key positive that provides a counterweight to the negative pricing and competition news.

  • Raised full-year EBITDA margin outlook Pinterest raised its full-year 2026 adjusted EBITDA margin expectation to about 30%, signaling better cost control and profitability. This gives investors confidence that the company can manage expenses even as revenue growth slows, which helps support the stock price.

    This is a new positive from the Q2 earnings that shows improving profitability.

Q2 2026
▼4

Pinterest's weak guidance and fund exits keep pressure on the stock

  • Fed signals rate cuts may reverse The Fed held rates steady and raised its year-end rate estimate, pushing the 2-year Treasury yield up. Higher rates reduce the value of future profits, which hurts ad-dependent stocks like Pinterest. Shares fell 2.9% on the news.

    This macro shift directly pressures Pinterest's valuation by raising the discount rate on future cash flows.

  • UAE bans social media for under-15s The UAE will bar children under 15 from social media, requiring age checks. This could shrink Pinterest's user base in that region and add compliance costs. Platforms have up to 12 months to comply.

    This new regulation threatens Pinterest's user growth and adds costs, weighing on the stock.

  • RiverPark fund exits Pinterest after 40% Q1 drop RiverPark Large Growth Fund sold its Pinterest stake after the stock fell 40% in Q1. The fund blamed weak Q4 2025 earnings and soft Q1 2026 guidance, plus a tariff-related ad pullback and 15% workforce cuts.

    A notable fund exit signals waning institutional confidence, adding selling pressure.

  • TimesSquare Capital exits on tariff-driven ad pullback TimesSquare Capital also exited Pinterest, citing slower Q4 results and cautious guidance. Retail advertisers cut spending due to tariffs, hurting Pinterest's ad revenue. The stock is down 38% over the past year.

    Another fund exit reinforces negative sentiment and highlights ongoing advertiser weakness.

June 2026
▼4

Pinterest's weak guidance and fund exits keep pressure on the stock

  • Fed signals rate cuts may reverse The Fed held rates steady and raised its year-end rate estimate, pushing the 2-year Treasury yield up. Higher rates reduce the value of future profits, which hurts ad-dependent stocks like Pinterest. Shares fell 2.9% on the news.

    This macro shift directly pressures Pinterest's valuation by raising the discount rate on future cash flows.

  • UAE bans social media for under-15s The UAE will bar children under 15 from social media, requiring age checks. This could shrink Pinterest's user base in that region and add compliance costs. Platforms have up to 12 months to comply.

    This new regulation threatens Pinterest's user growth and adds costs, weighing on the stock.

  • RiverPark fund exits Pinterest after 40% Q1 drop RiverPark Large Growth Fund sold its Pinterest stake after the stock fell 40% in Q1. The fund blamed weak Q4 2025 earnings and soft Q1 2026 guidance, plus a tariff-related ad pullback and 15% workforce cuts.

    A notable fund exit signals waning institutional confidence, adding selling pressure.

  • TimesSquare Capital exits on tariff-driven ad pullback TimesSquare Capital also exited Pinterest, citing slower Q4 results and cautious guidance. Retail advertisers cut spending due to tariffs, hurting Pinterest's ad revenue. The stock is down 38% over the past year.

    Another fund exit reinforces negative sentiment and highlights ongoing advertiser weakness.

▼4

Pinterest's weak guidance and fund exits keep pressure on the stock

  • Fed signals rate cuts may reverse The Fed held rates steady and raised its year-end rate estimate, pushing the 2-year Treasury yield up. Higher rates reduce the value of future profits, which hurts ad-dependent stocks like Pinterest. Shares fell 2.9% on the news.

    This macro shift directly pressures Pinterest's valuation by raising the discount rate on future cash flows.

  • UAE bans social media for under-15s The UAE will bar children under 15 from social media, requiring age checks. This could shrink Pinterest's user base in that region and add compliance costs. Platforms have up to 12 months to comply.

    This new regulation threatens Pinterest's user growth and adds costs, weighing on the stock.

  • RiverPark fund exits Pinterest after 40% Q1 drop RiverPark Large Growth Fund sold its Pinterest stake after the stock fell 40% in Q1. The fund blamed weak Q4 2025 earnings and soft Q1 2026 guidance, plus a tariff-related ad pullback and 15% workforce cuts.

    A notable fund exit signals waning institutional confidence, adding selling pressure.

  • TimesSquare Capital exits on tariff-driven ad pullback TimesSquare Capital also exited Pinterest, citing slower Q4 results and cautious guidance. Retail advertisers cut spending due to tariffs, hurting Pinterest's ad revenue. The stock is down 38% over the past year.

    Another fund exit reinforces negative sentiment and highlights ongoing advertiser weakness.