Pinterest Beats Earnings Expectations in Q1
Pinterest Inc (NYSE:PINS) delivered stronger-than-expected first-quarter results, surpassing Wall Street forecasts. Adjusted earnings per share came in at $0.27, beating analyst estimates of $0.23.
Revenue reached $1.01 billion, exceeding the consensus estimate of $965.44 million and reflecting an 18% increase compared to $855 million in the same quarter last year.
Stock Surges Following Earnings Release
Following the announcement, Pinterest shares jumped 16.7% in after-hours trading on Monday, as investors reacted positively to the company’s solid performance and growth outlook.
Record User Growth and Strong Outlook for Q2
Pinterest reported a record 631 million global monthly active users (MAUs), marking an 11% year-over-year increase. This also represents the tenth consecutive quarter of double-digit user growth, highlighting sustained platform expansion.
For the second quarter of 2026, the company expects revenue to range between $1.133 billion and $1.153 billion, indicating 14%–16% YoY growth. The midpoint forecast of $1.143 billion surpasses analyst expectations of $1.12 billion.
Additionally, Pinterest projects adjusted EBITDA between $256 million and $276 million for Q2.
CEO Highlights Platform Momentum
CEO Bill Ready emphasized the company’s strong start to the year, noting that revenue exceeded $1 billion in Q1 while user growth remained robust.
He highlighted that Pinterest continues to bridge online discovery with real-world action, driven by its unique visual search capabilities and evolving product experience.
Profitability and Cash Flow Performance
Pinterest reported adjusted EBITDA of $207 million for the first quarter, representing a 20% increase from $172 million a year earlier.
However, the company recorded a GAAP net loss of $74 million, compared to net income of $9 million in Q1 2025. Free cash flow totaled $312 million, down 13% from $356 million in the previous year.
Share Buybacks and Regional Growth
During the quarter, Pinterest completed $2 billion in share repurchases, as previously announced.
Regional performance showed strong growth, particularly in the Rest of World segment, where revenue surged 59% YoY to $72 million. Meanwhile, Europe revenue increased 27% to $186 million, contributing significantly to overall growth.
