Pinterest's Q2 revenue growth offset by share-based compensation, restructuring costs

Pinterest

04/08/2026 21:18

Overview
Social media platform's Q2 revenue rose 18%, beating analyst expectations
Adjusted net income and adjusted EBITDA for Q2 beat analyst expectations
Company completed over $2 bln in share repurchases year-to-date

Outlook
Pinterest expects Q3 revenue between $1,190 mln and $1,210 mln, up 13%-15% yr over yr
Company sees Q3 Adjusted EBITDA in the range of $335 mln to $355 mln
Pinterest anticipates modest foreign exchange headwind in Q3 based on current spot rates

Result Drivers
AI-DRIVEN PERSONALIZATION - Co said AI integration improved user experience and advertising performance, supporting growth, per CEO Bill Ready
USER GROWTH - Global monthly active users rose 11% to 640 mln, marking 11th consecutive qtr of double-digit user growth
REST OF WORLD EXPANSION - Revenue in Rest of World segment grew 38% and MAUs rose 15%
SHARE-BASED COMPENSATION -  Share-based compensation expenses were $319,729 thousand in Q2 2026

Company press release: ID:nBw9dJYPWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.18 bln
$1.15 bln (32 Analysts)
Q2 Adjusted Net Income
Beat
$249.52 mln
$222.97 mln (13 Analysts)
Q2 Net Loss
 
$46.67 mln
 
Q2 Adjusted EBITDA
Beat
$311.31 mln
$269.44 mln (29 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 20 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Pinterest Inc is $27.00, about 11.8% above its August 3 closing price of $24.16
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)