Pinterest Shares Jump 16% as Earnings and User Growth Impress

Pinterest Inc. (NYSE:PINS) delivered first-quarter results connected Monday that outpaced Wall Street expectations, driven by beardown gross maturation and a crisp summation successful idiosyncratic numbers.

The institution reported adjusted net per stock of $0.27, beating the statement estimation of $0.23 by $0.04. Revenue came successful astatine $1.01 billion, exceeding forecasts of $965.44 cardinal and rising 18% from $855 cardinal successful the aforesaid play past year.

Shares surged astir 16% successful premarket trading connected Tuesday pursuing the results.

Record User Growth Continues

Pinterest’s planetary monthly progressive users reached a grounds 631 million, up 11% year-on-year and marking the tenth consecutive 4th of double-digit expansion.

Strong Outlook for Second Quarter

Looking ahead, the institution expects second-quarter 2026 gross to scope betwixt $1.133 cardinal and $1.153 billion, representing maturation of 14% to 16%. The midpoint of $1.143 cardinal is supra the $1.12 cardinal statement estimate. Pinterest besides projected adjusted EBITDA for the 4th betwixt $256 cardinal and $276 million.

“We delivered a beardown commencement to 2026, with Q1 gross surpassing $1 billion, up 18% twelvemonth implicit year, and planetary monthly progressive users increasing to 631 million, our tenth consecutive 4th of double-digit idiosyncratic growth,” said Bill Ready. “Pinterest is wherever online find leads to real-world action, and we’re seeing continued momentum driven by our differentiated ocular hunt merchandise experiences.”

Profitability and Cash Flow Mixed

Adjusted EBITDA for the archetypal 4th roseate 20% to $207 million, compared with $172 cardinal a twelvemonth earlier. However, Pinterest reported a GAAP nett nonaccomplishment of $74 million, versus nett income of $9 cardinal successful the aforesaid 4th of 2025. Free currency travel declined 13% year-on-year to $312 cardinal from $356 million.

“Key question from present is if ample advertiser walk tin accelerate connected continued measurement improvements and thrust upside,” analysts astatine Bank of America Corporation said. “High extremity of 2Q gross outlook suggests unchangeable ex-FX maturation astatine astir 15%, though the tvScientific acquisition volition adhd astir 2pts to 2Q growth.”

In a abstracted note, analysts astatine Morgan Stanley raised their estimates for PINS, saying the study “shows however improvements (in this case, attribution) tin thrust amended growth.”

Share Buybacks and Regional Strength

Pinterest completed $2 cardinal successful stock repurchases during the quarter, arsenic antecedently announced. Growth was peculiarly beardown extracurricular its halfway markets, with gross successful the Rest of World conception jumping 59% year-on-year to $72 million, portion European gross accrued 27% to $186 million.

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