Pinterest Q1 2026 earnings beat with record users, strong guidance

Pinterest reported first-quarter gross of $1.008 billion, up 18% twelvemonth implicit year, arsenic planetary monthly progressive users climbed to an all-time precocious of 631 cardinal — an 11% summation from the aforesaid play past year.

On a per-share basis, adjusted nett of 27 cents topped the 23-cent statement estimation from LSEG analysts, per CNBC, portion the $966 cardinal gross forecast was besides surpassed. The institution recorded a GAAP nett nonaccomplishment of $73.6 cardinal for the quarter, a reversal from the $8.9 cardinal successful nett income it reported during the aforesaid play a twelvemonth ago.

The quarter's adjusted EBITDA of $207 cardinal came successful good up of the $176 cardinal analysts had forecast, per CNBC, and escaped currency travel for the play totaled $312 million.

Looking ahead, Pinterest guided Q2 gross to a scope of $1.133 cardinal to $1.153 billion, which would construe to 14% to 16% year-over-year maturation and tops the $1.11 cardinal Wall Street had anticipated, per CNBC. Adjusted EBITDA for the aforesaid play is projected astatine $256 cardinal to $276 million.

Revenue from the Rest of World portion grew the most, rising 59% twelvemonth implicit twelvemonth to $72 million, portion Europe gross roseate 27% to $186 million. U.S. and Canada gross accrued 13% to $750 million. Global mean gross per idiosyncratic was $1.61, up 6% from a twelvemonth earlier.

A February woody to bring connected TV advertizing analytics steadfast tvScientific into the fold outgo Pinterest astir $465.1 million, mostly successful cash, per CNBC. On the net call, CEO Bill Ready framed the acquisition arsenic a mode "to widen Pinterest's unsocial user intent, awesome and audiences beyond our owned and operated properties to powerfulness high-performing CTV campaigns."

CFO Julia Donnelly acknowledged connected the net telephone that big-box and ample retail advertisers continued to measurement connected wide growth, though she noted that AI-powered improvements to the level — bidding optimizations successful peculiar — started to counterbalance that resistance arsenic the 4th progressed, per CNBC. On geopolitical risk, Donnelly said Pinterest has seen minimal effect connected its advertisement concern from the Middle East conflict, with immoderate interaction exists concentrated successful lipid price-sensitive verticals crossed Europe and the rest-of-world conception — dynamics the institution said it already baked into its Q2 outlook, per CNBC.

Pinterest besides said it completed astir $2 cardinal successful stock repurchases during the quarter, arsenic antecedently announced. The institution issued $985 cardinal successful convertible notes to assistance money the buybacks.

The beardown 4th follows a play of important interior change. Pinterest laid disconnected astir 15% of its workforce successful January — astir 700 jobs — to redirect resources toward AI-focused roles and teams. The cuts sparked contention aft the institution fired 2 engineers who had built a Slack-based instrumentality to way which colleagues had been fto go. CEO Bill Ready characterized the instrumentality arsenic obstructionist; the engineers were dismissed connected Jan. 30.