Pinterest forecasts upbeat Q2 revenue after surpassing estimates

Pinterest

04/05/2026 21:15

Overview

U.S. social media platform's Q1 revenue rose 18%, beating analyst expectations

Adjusted net income and adjusted EBITDA for Q1 beat analyst expectations

Company completed previously announced $2 bln share repurchases

Outlook

Pinterest expects Q2 2026 revenue of $1,133 mln to $1,153 mln, up 14%-16% year over year

Company sees Q2 2026 Adjusted EBITDA between $256 mln and $276 mln

Pinterest expects foreign exchange to provide about 1 point of tailwind in Q2 2026

Result Drivers

USER GROWTH - Global monthly active users reached an all-time high, up 11% year over year to 631 mln, supporting revenue growth

PRODUCT INNOVATION - Co cited momentum from differentiated visual search experiences and ongoing development of an AI-powered ads platform, per CEO Bill Ready

INTERNATIONAL EXPANSION - Revenue growth was strongest in Europe (up 27%) and Rest of World (up 59%), outpacing U.S. and Canada

Company press release: ID:nBw1Dl2s8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.008 bln
$966.25 mln (31 Analysts)
Q1 Adjusted Net Income
Beat
$174.50 mln
$154.73 mln (15 Analysts)
Q1 Net Income
-$73.59 mln
Q1 Adjusted EBITDA
Beat
$206.51 mln
$177.40 mln (31 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 20 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Pinterest Inc is $22.00, about 8.8% above its May 1 closing price of $20.22

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)