Pinterest za poslední měsíc posílil o 25 %, přesto mu Zacks přisoudil hodnocení Zacks Rank #4 (Sell), které naznačuje možné zaostávání za širším trhem v nejbližší době.
Pinterest (PINS - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this digital pinboard and shopping tool company have returned +25%, compared to the Zacks S&P 500 composite's +0.7% change. During this period, the Zacks Internet - Software industry, which Pinterest falls in, has gained 1.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Pinterest is expected to post earnings of $0.50 per share, indicating a change of +31.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $2.06 for the current fiscal year indicates a year-over-year change of +28.8%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.35 indicates a change of +14.2% from what Pinterest is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Pinterest is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Pinterest, the consensus sales estimate of $1.2 billion for the current quarter points to a year-over-year change of +14.4%. The $4.89 billion and $5.54 billion estimates for the current and next fiscal years indicate changes of +15.9% and +13.2%, respectively.
Last Reported Results and Surprise HistoryPinterest reported revenues of $1.18 billion in the last reported quarter, representing a year-over-year change of +18.2%. EPS of $0.43 for the same period compares with $0.33 a year ago.
Compared to the Zacks Consensus Estimate of $1.15 billion, the reported revenues represent a surprise of +2.39%. The EPS surprise was +19.44%.
Over the last four quarters, Pinterest surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Pinterest is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Pinterest. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Pinterest (PINS - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this digital pinboard and shopping tool company have returned -0.6%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Internet - Software industry, which Pinterest falls in, has gained 9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Pinterest is expected to post earnings of $0.50 per share for the current quarter, representing a year-over-year change of +31.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -0%.
The consensus earnings estimate of $2.06 for the current fiscal year indicates a year-over-year change of +28.8%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.35 indicates a change of +14.2% from what Pinterest is expected to report a year ago. Over the past month, the estimate has changed -1.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Pinterest is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Pinterest, the consensus sales estimate of $1.2 billion for the current quarter points to a year-over-year change of +14.4%. The $4.89 billion and $5.54 billion estimates for the current and next fiscal years indicate changes of +15.9% and +13.2%, respectively.
Last Reported Results and Surprise HistoryPinterest reported revenues of $1.18 billion in the last reported quarter, representing a year-over-year change of +18.2%. EPS of $0.43 for the same period compares with $0.33 a year ago.
Compared to the Zacks Consensus Estimate of $1.15 billion, the reported revenues represent a surprise of +2.39%. The EPS surprise was +19.44%.
Over the last four quarters, Pinterest surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Pinterest is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Pinterest. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
Pinterest spustil funkci AI Beauty Guides, která z inspirativních pinů vytvoří salonní plán včetně odborných termínů, časové náročnosti, cenového rozpětí a požadavků na údržbu.
Image Credits:Pinterest Pinterest on Tuesday showed off a new feature that will leverage AI to take action on your saved inspiration from beauty-related Pins, like hair and nail ideas, and turn them into actionable plans you can take with you to the salon.
“Beauty Guides,” which are powered by the company’s visual intelligence and generative AI technology, Pinterest Intelligence, will translate Pins into terms and phrases used by stylists and nail artists that everyday users may not know, like “balayage,” “root melt,” or “almond nails.”
The feature is a small but practical way to introduce AI into users’ everyday lives, as it slots into something that people are already doing: bringing a photo of their inspiration to the salon. That’s useful to a large extent, but having the right terminology at hand while you discuss what parts of the look you want to edit or change can be useful as well.
Plus, the guides offer the sort of information that can help users plan for their visit, like the time each part of the process may take and the cost. (Balayage goes into the hundreds of dollars, so that’s information you might like to have up front!)
Image Credits:Pinterest The action guides will show up when you tap on the “Get the Guide” button within the app, and will then offer details about what, specifically, you should ask for to achieve the same look, the time it takes, price range, and maintenance requirements, like how often you’ll need to trim, tone, or touch up, for instance.
At launch, the feature will work across Pins related to hairstyle, color, nail shape, and finish.
The Pinterest app icon on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
Oct 5 (Reuters) - Pinterest (PINS.N), opens new tab said on Monday it has appointed Amazon executive James Dibbo as its chief financial officer, effective October 26.
Dibbo, 56, who will succeed Julia Donnelly at Pinterest, has led finance for the e-commerce giant's (AMZN.O), opens new tab Ads, Prime Video and Amazon MGM Studios businesses among others.
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Here are more details:
Shares of Pinterest were down about 1% in extended trading
"James has led complex global businesses at scale, helped build high-performing teams and understands the intersection of consumer experience, shopping, advertising and technology," Pinterest CEO Bill Ready said
The company had said in August that Donnelly would depart on October 30
Donnelly, who is leaving to pursue a new opportunity at a private, early-stage company, joined Pinterest in 2023
The image-sharing platform had forecast slower third-quarter revenue growth as it navigates a highly competitive digital advertising market dominated by larger players such as Meta's Instagram and Facebook
Reporting by Jaspreet Singh in Bengaluru; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Pinterest zvýšil globální výnosy o 18 % na 1,18 miliardy USD, tažený růstem segmentu Rest of World o 38 % na 87 milionů USD. Mezinárodní monetizace dál dohání USA a Kanadu.
Key Takeaways Pinterest's global revenues rose 18%, with Rest of World revenues jumping 38% year over year.Pinterest's international ARPU is rising, led by 21% growth in Rest of World to $0.23.AI-driven recommendations and new ad products aim to narrow the international monetization gap. Pinterest Inc. (PINS - Free Report) is making progress in converting its expanding international user base into advertising revenues. Its recent financial results are showing momentum outside its core U.S. and Canada market. The company’s global revenue increased 18% year over year to $1.18 billion, while Europe revenues rose 12% to $213 million and Rest of World revenues jumped 38% to $87 million.
Europe ended the second quarter with 157 million monthly active users, up 8% year over year, while Rest of World MAUs reached 377 million, increasing 15%. However, monetization remains significantly strong in the United States and Canada. In the second quarter, PINS’ average revenue per user was $8.3 in the United States and Canada compared with $1.35 in Europe and 23 cents in Rest of World. Europe’s ARPU increased 4% year over year, while Rest of World ARPU advanced 21% compared to 14% growth in the United States and Canada. This indicates that Pinterest has room to generate substantial revenue from the international market.
Pinterest is increasingly using AI to connect user discovery with commercial activity. Its strong focus on personalized recommendations and improved advertising relevance will likely accelerate monetization. However, despite improving prospects, international monetization is still at an earlier stage. Forex volatility, macro uncertainties and other factors can lead to fluctuating spending from advertisers and impact Pinterest’s ARPU growth. With the new advertising product launches and disciplined international sales organization, the company is actively trying to narrow the gap between growing international engagement and revenue generation.
How Are Competitors Faring?Pinterest faces competition from Snap, Inc. (SNAP - Free Report) and Reddit (RDDT - Free Report) in the social media space. Reddit has been swiftly expanding in the international market. In the second quarter of 2026, international revenues increased 84% year over year to $166.8 million, compared with 56% growth in the United States. International daily active uniques rose 28% to 77.1 million, while international weekly active uniques increased 35% to 317.4 million. International ARPU reached $2.26, up 31% year over year.
In the second quarter of 2026, Snap generated $353.8 million in Europe revenues, up 33% year over year, while Rest of World revenues reached $302.3 million, increasing 17%. Combined, these two markets contributed about 41% of Snap’s quarterly revenues. Snap’s international audience is also substantial, with 98 million daily active users in Europe and 303 million in Rest of World, compared with 92 million in North America.
PINS' Price Performance, Valuation & EstimatesPinterest has declined 44% over the past year compared with the industry’s decrease of 4.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, Pinterest trades at a forward price-to-sales ratio of 1.95, below the industry.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Pinterest’s earnings for 2026 has increased over the past 60 days.
Image Source: Zacks Investment Research
Pinterest currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pinterest spouští Visual Search Ads, nový formát výkonnostní reklamy pro uživatele s komerčním úmyslem. Přidává také Priority Products, A/B testování a App Promotion.
Key Takeaways PINS adds Visual Search Ads to connect advertisers with users showing commercial intent.Visual Search Ads use Pinterest Intelligence and Performance Plus to support lower-funnel advertising goals.Pinterest adds Priority Products, A/B testing and App Promotion to expand advertiser tools and capabilities. Pinterest, Inc. (PINS - Free Report) has introduced Visual Search Ads, a new performance advertising format designed to help brands reach consumers as they search, compare products and move closer to purchase decisions. The offering expands the company’s visual discovery platform by connecting user intent with more direct advertising opportunities.
Visual Search Ads will appear in Pinterest Search Results and Pin closeups, combining keyword relevance with visual discovery. With more than 80 billion monthly searches, mostly visual and more than half with commercial intent, the offering helps advertisers reach interested users and direct them to their websites. The feature is expected to enter beta for eligible advertisers across the company’s ad markets in the coming weeks.
The new ad format is powered by Pinterest Intelligence, artificial intelligence (AI) technology that understands images, products, preferences and user intent, while Performance+ supports lower-funnel advertising goals. The company is also adding Priority Products to give advertisers more control over promoted products during launches and promotions, along with self-serve A/B testing to compare different ads and targeting strategies.
For mobile-focused brands, App Promotion supports app installs and is in global beta, with one advertiser reporting up to an 85% lower cost per install. Pinterest is expanding its AI capabilities with Restyle, which lets users in the United States and Canada explore design ideas using their own photos. These initiatives could enhance the company’s advertising capabilities, improve monetization of user engagement and create additional growth opportunities.
How Are Competitors Faring?Pinterest faces competition from SNAP, Inc. (SNAP - Free Report) and Meta Platforms, Inc. (META - Free Report) . SNAP is expanding its advertising tools with AI-powered solutions to improve targeting, campaign performance and measurement. The company is introducing new ad formats, including Sponsored Snaps, to help brands engage users in more interactive ways. SNAP is improving its advertising infrastructure with Unified Attribution and better app measurement to help advertisers track results and manage spending.
Meta is strengthening its advertising platform with AI to deliver more relevant ads and better campaign performance across Facebook and Instagram. Its AI tools also help advertisers create ads and measure results more effectively. Meta is adding more AI-powered creative tools to help brands develop and optimize campaigns.
PINS’ Price Performance, Valuation & EstimatesPinterest shares have plunged 47.3% over the past year compared with the industry’s decline of 12.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, Pinterest trades at a forward price-to-sales ratio of 1.94, below the industry tally of 4.17.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have increased 5.6% to $2.06 over the past 60 days, while the same for 2027 have increased 3.5% to $2.35.
Image Source: Zacks Investment Research
Pinterest currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pinterest spustil Visual Search Ads, nový reklamní formát pro výkonovou inzerci ve vizuálním vyhledávání. Cílí na uživatele v klíčových rozhodovacích momentech a bude v beta verzi pro vybrané inzerenty.
New offering helps brands reach consumers at key decision-making moments through visual search
SAN FRANCISCO--(BUSINESS WIRE)--Pinterest today announced Visual Search Ads, a new performance advertising solution designed to help brands reach consumers through visual search and high-intent discovery moments on the platform.
“Visual Search Ads allow marketers to tap into this new and rapidly growing form of AI-powered search with a prominent placement at the critical decision points where people see, save and decide,” said Bill Ready, CEO of Pinterest.
Share Announced at Pinterest Presents™, the company’s annual global advertiser summit, Visual Search Ads place advertisers prominently within Pinterest Search Results and Pin closeups, connecting brands with users as they visually search, compare options and move closer to a decision.
Pinterest users conduct more than 80 billion searches each month, the majority of them visual, and more than half of those searches are commercial.1 With Visual Search Ads, advertisers can bid for a top response and drive users directly to their websites, creating a new performance opportunity at a critical point in the decision journey.
“Traditional search advertising has long relied on keywords, but in an AI-driven world, people are expressing themselves in much richer ways. Visual Search Ads allow marketers to tap into this new and rapidly growing form of AI-powered search with a prominent placement at the critical decision points where people see, save and decide,” said Bill Ready, CEO of Pinterest. “Powered by Pinterest Intelligence — our AI-enabled visual understanding of images, products, taste and intent — we make those signals actionable for advertisers through visual search.”
Visual Search Ads support lower-funnel objectives and are compatible with Pinterest Performance+, Pinterest’s AI-powered performance advertising suite. The offering will be available in beta for eligible advertisers in all Pinterest ad markets in the coming weeks.
Expanding performance tools for advertisers
Pinterest also announced new capabilities across its advertising platform, including Pinterest Performance+ Priority Products, giving advertisers more control over which products to emphasize during key moments. The company is also introducing self-serve A/B testing, making it easier for advertisers to test strategies and optimize performance across creative, targeting and Performance+ campaigns.
For brands focused on mobile growth, Pinterest highlighted App Promotion, a purpose-built objective for app installs that is now in global beta with qualified advertisers. In one early test, an advertiser saw up to an 85% improvement in cost per install compared with previous workaround solutions.2
Bringing Pinterest Intelligence to the consumer experience
Pinterest also shared new ways it is bringing Pinterest Intelligence more directly into the consumer experience. Restyle, launching in beta in the U.S. and Canada, allows users to use a photo to reimagine a space, test ideas and compare options in their own homes.
In addition, Pinterest announced the return of Bring My Pinterest to Life for a second season, its premium CTV series that pairs Pinterest users with creators and brands to transform boards into real-life spaces, experiences and looks. Digital creator Tay BeepBoop Nakamoto and fashion editor and author Caroline Vazzana will return alongside other Pinterest creators.
Together, these announcements reflect Pinterest’s continued focus on helping people discover what they want next and giving brands more opportunities to be part of the decisions that matter.
For more information about Pinterest advertising solutions and to watch replays of Pinterest Presents sessions, visit PinterestPresents.com.
ABOUT PINTEREST
Pinterest is a visual search and discovery platform where people find inspiration, curate ideas and shop products—all in a positive place online. Headquartered in San Francisco, Pinterest has 640 million monthly active users worldwide.
Pinterest těží z AI v reklamě: Performance+ zlepšuje návratnost výdajů inzerentů a nově má Smart Assembly i vyvíjeného Business Assistanta. Globální měsíční aktivní uživatelé vzrostli ve 2. čtvrtletí o 11 % na 640 milionů.
Key Takeaways Pinterest's AI-powered Performance is boosting advertiser returns through automated campaign management.Pinterest is expanding Performance with Smart Assembly and developing its AI-based Business Assistant.Global monthly active users rose 11% to 640 million, supporting advertising growth and commercial intent. Pinterest, Inc. (PINS - Free Report) is benefiting from improving advertiser demand as AI integration strengthens its advertising platform. Pinterest Performance+ automates several aspects of campaign management, including targeting, bidding, budgeting and creative optimization. Advertisers using Performance+ are generating better returns on ad spend.
Pinterest is also broadening Performance+ with new capabilities. Its Smart Assembly feature allows advertisers without product catalogs to upload multiple images, after which Pinterest automatically selects and serves creative suited to individual impressions. The company is simultaneously developing Business Assistant, an AI-based tool designed to empower advertisers with recommendations on trends, high-performing Pins and campaign optimization opportunities.
Steady growth in user base and expansion in the international market provide an important foundation for its advertising business. Global monthly active users increased 11% year over year to 640 million in the second quarter. More than half of its users are Gen Z. Pinterest’s platform generates more than 80 billion searches every month and has more than 16 billion boards. These engagement and intent signals give advertisers access to users who are often exploring products and ideas with commercial intent. These factors are driving demand for Pinterest AI native advertising tools and boosting the company's commercial prospects for upcoming quarters.
How Are Competitors Faring?Pinterest faces competition from META Platforms, Inc. (META - Free Report) and Snap, Inc. (SNAP - Free Report) in the social media space. Snap is helping advertisers reach millennials and Gen Z audiences, who are more active on immersive mobile platforms like Snapchat. Its Ads Model Context Protocol server integration went live in August 2026, allowing advertisers to connect third-party AI tools to authorized campaign data for agentic campaign advice. AI is becoming central to Snap's product experience and advertising infrastructure. Smart Audience, Smart Budget and Smart Placement already account for nearly 70% of advertising spend using at least one automation solution.
Meta’s scale in data and distribution supports faster iteration in both consumer experiences and ad performance. In second-quarter 2026, Family of Apps revenues rose 28% year over year to $60.4 billion as ad impressions increased 14% and average price per ad increased 12%. Meta also deployed more predictive ad models, including Meta Generative Recommender.
PINS’ Price Performance, Valuation and EstimatesPinterest has declined 45.7% over the past year compared with the industry’s decline of 12.9%.
Image Source: Zacks Investment Research
From a valuation standpoint, Pinterest trades at a forward price-to-sales ratio of 2.06, below the industry.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Pinterest’s earnings for 2026 has increased over the past 60 days.
Image Source: Zacks Investment Research
Pinterest currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pinterest uvedl, že se proměňuje v AI nákupního asistenta pro více než 640 milionů uživatelů. Více než polovina uživatelů nyní přichází nakupovat a Gen Z je jeho největší a nejrychleji rostoucí skupinou.
These 3 Stocks Lowered Their Share Counts Drastically in Q1Pinterest NYSE: PINS CEO Bill Ready said the company has evolved from a visual discovery and browsing platform into what he described as an AI-driven shopping assistant serving more than 640 million users. Speaking at a conference fireside chat, Ready said the company’s efforts to make the platform more actionable have supported double-digit user growth, higher engagement and an expanding performance advertising business.
Ready said more than half of Pinterest users now come to the platform to shop, while Gen Z has become its largest and fastest-growing user cohort and represents more than half of users. He cited an Adobe study indicating that 39% of Gen Z consumers view Pinterest as the first place they go to search, while 71% see it as more personalized than other search destinations.
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Pinterest Pins a Profit Play To Its Mood Board“Pinterest is where Gen Z goes to shop,” Ready said, adding that the platform’s recommendations are supported by data created through users’ curation of visual content, style and preferences.
Shopping and Advertising Progress Ready said Pinterest has shifted substantially toward lower-funnel advertising since he joined the company four years ago. The platform was previously “almost entirely” focused on upper-funnel ads, he said, while more than two-thirds of its business is now lower-funnel performance advertising. Pinterest has also generated more than five times as many clicks to advertisers over the past three years, according to Ready.
Analysts Love These 3 Stocks Trading Near 52-Week Lows—Here’s WhyHe said the company has made particular monetization progress in the U.S. and Canada, or UCAN, while international markets remain a larger opportunity. More than 80% of Pinterest’s users are outside the U.S., Ready said, but those markets account for roughly 20% of monetization.
The CEO also disclosed that U.S. average revenue per user for Gen Z is now roughly consistent with the ARPU of millennials. He said Gen Z users have the platform’s deepest engagement and highest retention, and argued that their purchasing power should increase as the cohort matures.
Ready said Pinterest Performance+, the company’s AI-driven advertising platform, reached general availability at the beginning of last year. About 30% of Pinterest’s lower-funnel revenue now runs through Performance+, he said. The product is designed to reduce the work required for advertisers to create campaigns while using AI to optimize where and how ads reach users across the purchasing journey.
Ready said advertisers using multiple objectives across the funnel have generated three times the conversion rate on Pinterest, up from the two-times conversion benefit the company had previously discussed.
International Pressures and CFO Search While declining to provide an intra-quarter update, Ready said the business factors discussed on Pinterest’s earnings call remained consistent. He pointed to the reacceleration of the UCAN business during the first half, supported by AI-driven advertising improvements and changes to the company’s go-to-market approach.
Internationally, however, Ready said Pinterest is facing pressure from new European regulations affecting Asia-based cross-border sellers. He also said the company is restructuring its international go-to-market organization, using a playbook developed in the U.S. The changes could create near-term disruption but are intended to support medium- and long-term growth, he said.
Ready addressed the departure of CFO Julia, saying the company is seeking a successor with experience managing operational complexity at scale. He said Pinterest has expanded from what he characterized as a single-product platform in one geography to a business with multiple products and a broader international footprint.
The company has added leadership across product and technology, ads engineering, infrastructure, international product engineering, business operations and marketing, Ready said. The next CFO should be a “deep operational partner” suited to Pinterest’s next stage of expansion, he added.
AI Strategy Focuses on Proprietary Data and Cost Ready said Pinterest uses a mix of compact, purpose-built models and open-source or open-weight models that are post-trained on the company’s proprietary data. Nearly everything users see on Pinterest is served by AI, he said.
The company’s approach is intended to pair AI with commercial use cases while managing costs. Ready said Pinterest can operate open-source or open-weight models at less than 8% of the cost of comparable closed models. He said post-training those models on Pinterest’s data can also improve effectiveness and allow the company to operate models in its own secure environment.
Ready argued that open models can make AI capabilities more broadly available across the technology industry. He said Pinterest’s differentiated advantage comes from its user data, distribution and feedback loops around visual discovery and shopping intent.
Pinterest has also expanded its assistant capabilities to virtually all U.S. users, Ready said. The assistant allows users to ask follow-up questions within Pinterest, such as whether a shoe brand runs large or small. While more than half of Pinterest’s more than 80 billion monthly searches are commercial, Ready said 80% of assistant searches are commercial.
Connected TV Expansion Through tvScientific Ready said Pinterest’s acquisition of tvScientific is an early step toward applying the company’s audience data and advertising capabilities beyond its core platform. He described tvScientific as a Performance+ advertising platform for connected television.
By layering Pinterest’s audience and commercial-intent data onto tvScientific’s connected-TV advertising capabilities, Ready said the company has observed a more than 60% lift in purchases. He said the opportunity is to deliver more personalized connected-TV ads rather than presenting the same advertising to all viewers of a program.
Ready said Pinterest sees connected TV as one of several potential surfaces for monetizing its audience and shopping signals. He added that the company is focused on the role of unique data and consumer relationships as AI models become more widely available.
About Pinterest (NYSE:PINS)Pinterest, Inc NYSE: PINS operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.
The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Pinterest klesl o více než 9 % poté, co Bill Ready varoval před tlakem na mezinárodních trzích a krátkodobými dopady regulačních změn v Evropě. Firma zároveň ve 3. čtvrtletí čeká růst tržeb o 13 % až 15 % oproti 18,2 % ve 2. čtvrtletí.
Pinterest Shares Tank 9% as CEO Warns of Near-Term Business Pain Summary
Slowing revenue growth, a CFO departure and rising AI spending are adding to investor concerns around Pinterest’s turnaround
Pinterest PINS shares fell more than 9% Wednesday after Chief Executive Bill Ready pointed to mounting challenges in international markets, adding to concerns about the company's growth outlook.
Ready said at the Goldman Sachs Communacopia + Technology Conference that regulatory changes in Europe are creating difficulties for cross-border merchants from Asia. Pinterest is also changing its global go-to-market strategy, a process he expects could create pressure on the business in the near term.
Investor sentiment has also been affected by the late-August departure of Chief Financial Officer Julia Brau Donnelly. Pinterest's third-quarter outlook calls for revenue growth of 13% to 15%, compared with 18.2% in the second quarter.
The company is continuing to invest in artificial intelligence tools, including Performance+, while competing with Meta and Google in digital advertising and visual discovery. Pinterest has more than 600 million monthly users and has entered a $4 billion agreement with Amazon Web Services to support its AI and computer-vision capabilities.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Akcie Pinterest za měsíc od poslední výsledkové zprávy ztratily asi 9,2 %. Ve 2. čtvrtletí ale tržby vzrostly o 18 % na 1,18 miliardy USD a zisk na akcii překonal odhady.
A month has gone by since the last earnings report for Pinterest (PINS - Free Report) . Shares have lost about 9.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Pinterest due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Pinterest, Inc. before we dive into how investors and analysts have reacted as of late.
Pinterest's Q2 Earnings Top Estimates on AI-Led Ad Growth
Pinterest reported second-quarter 2026 non-GAAP earnings of 43 cents per share, beating the Zacks Consensus Estimate of 36 cents by 19.44%. The bottom line increased from the year-ago quarter’s adjusted earnings, while revenues climbed 18% year over year to $1.18 billion and topped the consensus estimate of $1.152 billion by 2.39%.
Results reflected continued momentum in AI-powered advertising, improving monetization and record user growth. Global monthly active users (MAUs) increased 11% year over year to 640 million, marking the company's 12th consecutive quarter of record users.
PINS Posts Another Quarter of User Growth
Pinterest ended the quarter with 640 million global MAUs, up 11% year over year, extending its streak of double-digit user growth. Growth remained broad-based across geographies, with U.S. and Canada MAUs increasing 4%, Europe rising 8% and Rest of World climbing 15%.
User engagement continued to benefit from AI-driven personalization. Management highlighted that Pinterest's proprietary Taste Graph is powered by more than 80 billion monthly searches and more than 16 billion user-created boards, helping deliver more relevant recommendations and strengthening the platform's position as a visual shopping destination.
Pinterest Expands Monetization Through AI
Pinterest generated revenues of $1.18 billion, up 18% year over year. Growth was led by stronger advertiser demand, particularly across conversion and consideration campaigns, supported by enhancements to the company's AI-powered advertising platform. Retail remained the largest contributor, while financial services, travel and health were among the fastest-growing verticals.
Geographically, U.S. and Canada revenues increased 18% to $880 million. Europe revenues rose 12% to $213 million, while Rest of World revenues surged 38% to $87 million. Ad impressions increased 16% year over year, while average ad pricing improved 1%, aided by stronger demand in the higher-priced U.S. and Canada market.
PINS Advances AI Products Across Platform
Artificial intelligence remained central to Pinterest's product strategy during the quarter. The company rolled out Pinterest Assistant to the vast majority of U.S. users, enabling conversational shopping experiences, product comparisons and personalized recommendations throughout the buying journey.
Pinterest also expanded its advertising capabilities. Smart Assembly was introduced to automatically optimize creative assets for advertisers without product catalogs, while Business Assistant entered beta to help advertisers improve campaign performance. Management also expanded testing of AI-powered bidding integrations and continued building out Pinterest Performance+ to automate campaign creation, targeting and optimization.
Pinterest Margins Improve Despite Investments
Pinterest continued to deliver profitability improvements as revenue growth outpaced spending. Adjusted EBITDA increased 24% year over year to $311 million, while adjusted EBITDA margin expanded to 26% from 25% in the prior-year period.
Cost of revenue increased 25% year over year to $245 million, reflecting higher GPU infrastructure investments and the full-quarter impact of tvScientific. Non-GAAP operating expenses rose 13%, driven primarily by higher sales and marketing spending tied to the company's new brand campaign and increased research and development investments supporting AI initiatives.
PINS Strengthens Cash Flow and Liquidity
Pinterest generated $293 million in operating cash flow and $270 million in free cash flow during the second quarter. The company ended the period with $1.3 billion in cash, cash equivalents and marketable securities. It also allocated $58 million toward share repurchases during the quarter and noted that it had repurchased more than $2 billion of stock year to date, retiring approximately 111 million shares.
The company also entered into a capped-call transaction for $99 million, increasing protection against dilution from its previously issued convertible notes up to a share price of $30.59. Management said the strong cash generation and balance sheet provide flexibility to continue investing in AI initiatives while returning capital to shareholders.
Pinterest Outlook Reflects Continued Growth
For the third quarter of 2026, Pinterest expects revenues between $1.19 billion and $1.21 billion, representing year-over-year growth of 13% to 15%. Adjusted EBITDA is projected in the range of $335 million to $355 million.
Management also raised its full-year adjusted EBITDA margin outlook to approximately 30% from the prior target of 29%, reflecting stronger-than-expected first-half execution. The company expects continued progress from AI-driven advertising, monetization initiatives and go-to-market improvements, although foreign exchange and the timing of Prime Day and World Cup-related advertising spending are expected to create modest headwinds in the third quarter.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted -5.74% due to these changes.
VGM ScoresAt this time, Pinterest has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Pinterest has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerPinterest is part of the Zacks Internet - Software industry. Over the past month, Meta Platforms (META - Free Report) , a stock from the same industry, has gained 0.7%. The company reported its results for the quarter ended June 2026 more than a month ago.
Meta Platforms reported revenues of $60.8 billion in the last reported quarter, representing a year-over-year change of +28%. EPS of $6.18 for the same period compares with $7.14 a year ago.
For the current quarter, Meta Platforms is expected to post earnings of $6.33 per share, indicating a change of -12.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.3% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Meta Platforms. Also, the stock has a VGM Score of C.
Pinterest ve 2. čtvrtletí zvýšil globální ARPU o 7 % meziročně na 1,86 USD. Růst podporují AI funkce a kampaně Performance+, které zlepšují návratnost výdajů inzerentů.
Key Takeaways PINS' global ARPU rose 7% year over year to $1.86 in the second quarter.AI features and Performance campaigns are helping advertisers improve returns and accelerate spending.Pinterest's ARPU growth faces competition from Snap and Reddit, which posted stronger gains in Q2. Pinterest, Inc. (PINS - Free Report) is benefiting from strong momentum in average revenue per user (ARPU) across multiple regions. In the second quarter, global ARPU stood at $1.86, up 7% year over year. U.S. and Canada ARPU rose 14% to $8.30. Europe ARPU increased 4% to $1.35, and Rest of World ARPU jumped 21% to $0.23.
AI-driven features introduced by the company are strengthening monetization. Pinterest Performance+ campaigns are expanding across advertisers, with new capabilities such as Smart Assembly helping automate creative optimization. Management stated that advertisers using Pinterest Performance+ campaigns have seen better return on ad spend and faster spending growth than non-adopters.
Pinterest continues benefiting from shopping-focused product enhancements and AI-based experiences that connect discovery with action. Pinterest Assistant, its AI conversational layer, became available to the vast majority of U.S. users and is designed to help users move from inspiration to research and purchase decisions. The company is using open-source models trained on proprietary data to scale these capabilities efficiently.
The company’s proprietary Taste Graph, visual search capabilities and AI-powered recommendations continue improving personalization and actionability. As per our estimate, in the third quarter, the company is projected to report an ARPU of $1.4 from Europe, indicating 7.2% year-over-year growth. ARPU from the United States and Canada is projected to reach $8.2, indicating 7.3% growth year over year. ARPU for the Rest of World is expected to be 25 cents, indicating growth of 19.4% year over year.
How Are Competitors Faring?Pinterest faces competition from SNAP, Inc. (SNAP - Free Report) and Reddit (RDDT - Free Report) in the social media space. Snap's global community reached 493 million daily active users (DAU) in the second quarter. ARPU increased 13% year over year to $3.25. North America's ARPU climbed 23% year over year to $10.26, Europe's ARPU rose 36% year over year to $3.62, and ROW's ARPU increased 4% year over year to $1. Snap boasts a strong presence among younger users, particularly Gen Z and Millennials.
Reddit’s audience continues to expand, supporting long-run ad inventory growth. In the second quarter, Reddit’s global average revenue per unique rose 36% year over year to $6.18, with U.S. ARPU climbing 51% to $11.85 and international ARPU increasing 31% year over year to $2.26.
PINS’ Price Performance, Valuation and EstimatesPinterest has declined 36.5% over the past year compared with the industry’s decline of 14.7%.
Image Source: Zacks Investment Research
From a valuation standpoint, Pinterest trades at a forward price-to-earnings ratio of 10.44, below the industry.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Pinterest’s earnings for 2026 and 2027 has increased over the past 60 days.
Image Source: Zacks Investment Research
Pinterest currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pinterest oznámil, že finanční ředitelka Julia Donnellyová odejde 30. října. Firma zároveň hledá nástupce a dočasně pověří vedením financí Vikrama Naidua.
Pinterest (PINS.N) said on Friday Chief Financial Officer Julia Donnelly will leave on October 30, and the company has launched an external search for its next finance chief.
Vikram Naidu, the image-sharing platform's vice president of finance and business operations, will be principal financial officer in the interim.
Donnelly's "leadership helped support a period in which we delivered 11 consecutive quarters of double-digit revenue growth, significantly increased operating rigor and expanded margins to ensure the ongoing health of our business," CEO Bill Ready said in a memo to employees.
Donnelly — who is leaving to pursue an opportunity at a private, early-stage company — joined Pinterest in 2023, from online furniture retailer Wayfair, where she was the global head of finance.
The tenure saw Pinterest completing its acquisition of connected-TV advertising platform tvScientific and a $4 billion cloud-services partnership with Amazon Web Services.
The company forecast slower third-quarter revenue growth earlier this month, a sign of tough competition for digital advertising from bigger players including Meta's Instagram.
(This story has been refiled to correct Donnelly's name in the bullet points.)
Pinterest ve 2. čtvrtletí zvýšil tržby o 18 % na 1,18 miliardy USD a upravený EBITDA vzrostl o 24 % na 311 milionů USD. Počet měsíčních aktivních uživatelů dosáhl rekordních 640 milionů.
Key Takeaways Pinterest posted Q2 revenue growth, record users and stronger EBITDA as its rebound gained traction.PINS' Performance AI tools improved ad optimization, with advertisers seeing better return on ad spend.Pinterest reached 640 million monthly active users, while higher AI and product costs tempered upside. Pinterest, Inc. (PINS - Free Report) shares have gained 21.7% in the past three months, putting the durability of the rebound at the center of the investment case. The advance comes as second-quarter revenue growth, record users and AI-led ad improvements show better operating traction.
Still, the rally has a mixed backdrop. Earnings estimates have moved lower and AI infrastructure and go-to-market spending are rising. Investors are weighing improving monetization against the risk that near-term earnings momentum may not keep pace with the stock's recovery.
Image Source: Zacks Investment Research
Pinterest's Q2 Strength Supports the ReboundSecond-quarter 2026 revenues increased 18% year over year to $1.18 billion. Non-GAAP earnings of 43 cents per share topped the Zacks Consensus Estimate of 36 cents by 19.4%, while U.S. and Canada revenues rose 18% to $880 million.
Profitability improved alongside the top line. Adjusted EBITDA increased 24% to $311 million, with the margin reaching 26%. Pinterest also generated $270 million in free cash flow, supporting the rebound with stronger earnings and cash generation.
PINS AI Ad Tools Strengthen MonetizationPinterest Performance+ automates campaign setup, bidding, budgeting, targeting and creative optimization. Advertisers using it have generated better return on ad spend and faster spending growth than non-adopters. Smart Assembly delivered a 6% average improvement in click-through rate in early alpha testing, while Business Assistant remains in beta.
Competition is moving quickly. Meta Platforms, Inc. (META - Free Report) reported second-quarter ad impressions up 14% and average price per ad up 12% while saying AI is accelerating its core business. Snap Inc. (SNAP - Free Report) posted 19% second-quarter revenue growth and cited improving advertising performance. Pinterest still must convert its AI tools into durable advertiser returns as rivals improve their ad platforms.
Pinterest Keeps User Growth at Record LevelsGlobal monthly active users reached 640 million in the second quarter, up 11% year over year. That marked Pinterest's 12th consecutive quarter of record users and its 11th straight quarter of double-digit user growth, with gains across all three reported regions.
Gen Z remains Pinterest's largest and fastest-growing cohort and represents more than half of its user base. The platform handles more than 80 billion searches each month, with the vast majority visual and more than half commercial, providing a sizable base for personalized discovery and shopping.
PINS Estimate Cuts and Costs Limit the Upside CaseThe current fiscal-year earnings per share estimate has moved 5.2% lower over the past four weeks and 10.7% lower over the past 12 weeks. Those revisions temper the earnings backdrop after the recent share-price gain and leave the rebound without an equally favorable estimate-revision signal.
Investment intensity is another offset. Non-GAAP cost of revenue rose 25% to $245 million in the second quarter, partly because of additional graphics processing unit capacity and tvScientific. Non-GAAP operating expenses increased 13% to $629 million, driven by sales and marketing plus research and development spending for AI and product initiatives.
Pinterest Signals Favor Growth Over MomentumThe rebound has operating support, but the evidence does not make a clean case for chasing PINS after a 21.7% three-month move. Revenue growth, record users and improving ad tools strengthen the fundamental case, while estimate cuts and higher investment spending keep the near-term setup balanced. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
PINS currently carries a Zacks Rank #3 (Hold). It has a VGM Score of B and Growth Score of B, compared with a Value Score of C and Momentum Score of D. Because the Zacks Style Scores complement rather than override the Zacks Rank, the combination points to favorable growth characteristics but a weaker momentum profile and a mixed short-term signal.
Pinterest těží z dvouciferného růstu tržeb a nástrojů AI, ale investoři sledují vyšší náklady a nerovnoměrnou monetizaci v zahraničí. Adjusted EBITDA ve 2. čtvrtletí vzrostla o 24 % při růstu tržeb o 18 %.
Key Takeaways Pinterest combines double-digit growth, valuation discount and AI tools as investors weigh its upside.PINS expects sales and EPS growth as AI investments support personalization and advertiser performance.Pinterest sees EBITDA gains, but higher costs and uneven international monetization remain key factors. Pinterest, Inc. (PINS - Free Report) combines double-digit revenue growth, solid projected earnings gains and a valuation below several benchmarks. Artificial intelligence (AI) is improving personalization and advertiser tools, adding to the growth case.
The key question is whether that monetization progress can outrun higher infrastructure costs, uneven international execution and weaker estimate revisions. The setup offers upside, but the risk-reward is not one-sided.
Pinterest's Valuation Discount Creates RoomPINS trades at 2.47X forward 12-month sales, below the Zacks sub-industry's 3.93X, the Zacks Computer and Technology sector's 6.36X and the S&P 500's 4.93X.
The discount is also sizable versus Pinterest's five-year median of 5.22X. That leaves room for multiple expansion if execution holds, but valuation alone does not establish that the shares are mispriced.
Image Source: Zacks Investment Research
PINS Growth Outlook Still Supports the Bull CaseProjected 2026 sales growth is 15.3%, while projected earnings-per-share growth is 27.5%. Revenues are expected to rise from $4.22 billion in 2025 to $4.87 billion in 2026 and $5.45 billion in 2027.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is $2.04 per share. The multiyear revenue and earnings trajectory supports the bull case, provided advertiser demand and execution remain on track.
Pinterest AI Spending Tests Operating LeveragePinterest's AI tools are designed to improve personalization and advertiser performance, but the investment burden is visible. Second-quarter non-GAAP cost of revenue rose 25% to $245 million, reflecting added graphics processing unit capacity and the full-quarter impact of tvScientific. Non-GAAP operating expenses increased 13%, driven by higher sales and marketing spending and research and development outlays for AI initiatives.
Adjusted EBITDA still grew 24%, faster than the 18% revenue gain, and its margin reached 26%. Management raised its 2026 adjusted EBITDA margin outlook to about 30%, showing that investment and margin expansion are progressing together for now.
Competitive pressure raises the bar. Meta Platforms, Inc. (META - Free Report) said AI is accelerating its core business, underscoring the pressure on Pinterest as larger ad platforms deploy similar technology. Snap Inc. (SNAP - Free Report) has launched AI Sponsored Snaps for interactive brand conversations, showing that AI-powered advertising is becoming a broader competitive focus.
PINS International Monetization is Still UnevenEurope revenues rose 12% in the second quarter, while Rest of World revenue climbed 38%. Monetization remains far behind the United States and Canada, where average revenue per user was $8.30 compared with $1.35 in Europe and $0.23 in Rest of World.
Pinterest is extending its United States and Canada go-to-market approach internationally, supported by new leadership and broader demand initiatives. Management has described the transition as a multiquarter journey, leaving execution as an important variable.
PINS Signals Point to Patience, Not AggressionFor now, PINS looks more like a hold-or-wait setup than an aggressive buy. The valuation discount, projected growth and improving adjusted EBITDA margins are positives, but the 2026 earnings estimate has declined 5.2% in the past four weeks, tempering the case for urgency.
The stock currently carries a Zacks Rank #3 (Hold). Its Growth Score of B and VGM Score of B indicate relatively favorable growth and combined style characteristics, while its Value Score of C and Momentum Score of D are less supportive. The Zacks Style Scores complement the Zacks Rank rather than override it, making continued execution and estimate trends important to watch. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pinterest uzavřel s AWS smlouvu za 4 mld. USD do roku 2031 na podporu AI, vyhledávání a nakupování. Zároveň roste jeho nákladová základna kvůli kapacitě GPU a investicím do produktů.
Key Takeaways Pinterest committed $4B to AWS through 2031 to support AI, search and shopping experiences.PINS is scaling AI ads and search tools using data from billions of user interactions and searches.Pinterest faces higher AI costs as GPU capacity and product investments expand. Pinterest, Inc. (PINS - Free Report) has committed $4 billion to Amazon Web Services through 2031, adding a multiyear infrastructure obligation to its AI strategy. The investor question is whether deeper cloud investment can translate into enough product and monetization gains to justify a rising technology cost base.
The timing matters because Pinterest is already scaling AI across user experiences and advertising while spending more on GPU capacity. The deal increases the importance of converting those investments into durable revenue growth and profitability.
Pinterest Makes a Multiyear Bet on AWSPinterest expanded its AWS partnership on June 4, committing $4 billion in cloud services through 2031. The agreement is intended to support AI development, improve search and shopping experiences and modernize Pinterest's global visual-discovery infrastructure.
The 2031 horizon makes this a long-duration resource commitment rather than a short-term capacity purchase. Amazon.com, Inc. (AMZN - Free Report) is the other side of the infrastructure equation. AWS provides GPU-based compute, networking and storage for AI training and inference.
PINS Could Scale AI Search and Shopping FasterPinterest already has large-scale data and engagement to feed those systems. The platform processes more than 80 billion searches each month, with the vast majority visual and more than half commercial. Its Taste Graph also draws on more than 16 billion boards, providing curation signals for recommendations.
Pinterest Assistant is now available to the vast majority of U.S. users. Management says its open-source model approach can deliver cost per transaction at less than 8% of comparable closed proprietary models, giving Pinterest room to deploy more AI capabilities at a lower model cost.
Pinterest Ads Also Depend on AI InvestmentAd monetization is another target for AI investment. Performance+ automates campaign setup, bidding, budgeting, targeting and creative optimization, while advertisers using it have posted better return on ad spend and faster spending growth than non-adopters.
Smart Assembly produced a 6% average lift in click-through rate in early alpha testing, and Business Assistant remains in beta. Meta Platforms, Inc. (META - Free Report) adds competitive context. Meta said AI is accelerating its core business, while second-quarter ad impressions rose 14% and average price per ad increased 12%.
PINS Faces a Higher Cost Base as AI ScalesCosts are already moving higher. Second-quarter non-GAAP cost of revenue rose 25% to $245 million, driven by the full-quarter impact of tvScientific and added GPU capacity. Non-GAAP operating expenses increased 13% to $629 million, including research and development spending for AI and product initiatives.
Pinterest expects third-quarter non-GAAP cost of revenue to be roughly flat sequentially because of accelerated contractual benefits from a recently executed multiyear infrastructure agreement. Still, management expects modest second-half pressure on cost of revenue as a percentage of revenue from additional GPU capacity and tvScientific.
Image Source: Zacks Investment Research
Pinterest's Mixed Scores Fit the AWS Trade-OffThe AWS commitment expands Pinterest's AI capacity, but it also raises the execution burden. Search scale, AI shopping tools and ad automation create paths to monetize the added capacity, while the expanding cost base makes sustained revenue and adjusted EBITDA growth important to the investment case.
PINS currently carries a Zacks Rank #3 (Hold). It has a Growth Score of B and VGM Score of B, versus a Value Score of C and Momentum Score of D. The B grades indicate comparatively favorable growth and blended style characteristics, while the weaker Momentum Score points to less favorable near-term timing. Because the Style Scores complement the Zacks Rank rather than replace it, the mix supports a balanced short-term view. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akcie Meta Platforms klesají o 4 % na 567,58 USD před úterním soudním jednáním o bezpečnosti dětí, protože trh znovu přeceňuje právní riziko v sociálních sítích. Akcie Pinterestu klesají o 4 % na 23,15 USD a akcie Snapu o 3 % na 5,25 USD.
Meta Platforms (NASDAQ:META | META Price Prediction) stock is down 4% to $567.58, and it is down 10% year to date (YTD). The decline arrives on the eve of a bellwether child safety trial. Pinterest (NYSE:PINS) stock is down 4% to $23.15, and it is down 7% year to date. Snap (NYSE:SNAP) stock is down 3% to $5.25, and it is down 33% year to date.
The market is repricing legal risk across the social media sector. Both Pinterest and Snap are falling alongside Meta Platforms stock despite not being defendants in Tuesday’s trial.
Bellwether Youth Trial Opens Tuesday A lawsuit filed by 29 states in 2023 goes to trial Tuesday in U.S. District Court for the Northern District of California in Oakland, before District Judge Yvonne Gonzalez Rogers. California, Colorado, Kentucky and New Jersey are taking part, and testimony is expected from Meta Platforms CEO Mark Zuckerberg and Instagram CEO Adam Mosseri. Plaintiffs claim the company “developed and refined a set of psychologically manipulative platform features designed to maximize young users’ time spent on its social media platforms,” including infinite scroll, autoplay and likes.
The states also allege the company knew its apps harmed users, including through increased instances of anxiety, depression and suicide, and separately allege violations of the Children’s Online Privacy Protection Act (COPPA).
Meta Platforms has said potential damages in the case could be as high as $1.4 trillion, against a market capitalization the company describes as about $1.5 trillion. That’s the company’s own characterization of its exposure, offered as context rather than as a court finding or award. A Meta Platforms spokesperson stated:
The State AGs may call this a landmark case, but their limited claims are unsubstantiated, and their financial demands are vastly disproportionate. The AGs offer no proof anyone in their states was misled, claim benign features like having an additional Instagram account somehow harmed their residents, and attempt to penalize Meta for industry-wide challenges like age verification. Rather than sticking to the facts or the law, the states have instead decided to chase an outlandish payout. We stand by our record of creating strong protections for teens, and look forward to making our case in court.
Earlier this month a New Mexico District Court ordered Meta Platforms to pay $567 million to address teen mental health in the state, plus $375 million in civil penalties. In March a jury found both Meta Platforms and YouTube negligent in a suit alleging their products drove a user’s dependency, anxiety, depression and self-harm after she began using the platforms at age 10, with $6 million in punitive and compensatory damages ordered. Thousands of similar cases are pending against social media companies in the U.S., and countries from Australia to Turkey have imposed laws restricting children’s use of these platforms.
Peer Stocks Reprice Alongside Alphabet (NASDAQ:GOOGL) stock is down 0.5% to $344.13, though Alphabet shares are up 11% year to date. That much smaller move and positive YTD return stand apart from the social platforms, despite YouTube being a co-defendant in the March verdict.
The declines in Pinterest stock and Snap stock signal the market is repricing sector-wide regulatory and litigation risk.
In a secondary but nonetheless relevant news item, BlackRock (NYSE:BLK) stock is down 2% to $1,154.47, though BlackRock shares are up 11% year to date. The Financial Times reported Monday that a $14 billion data center project in El Paso, Texas faces potential insurance gaps, raising concerns about losses that may not be fully protected. The venture is developing a one-gigawatt campus, with BlackRock holding an 80% interest and Meta Platforms owning the remaining 20%.
Each company is expected to finance its portion of development costs. Insurance, arranged through Marsh, reportedly covers up to $218 million for certain construction delays and $645 million related to terrorism. During construction the project is expected to carry property protection up to $427 million, rising to $450 million once operational, with commercial liability capped at $50 million per event and in aggregate. This remains a reported risk on a project still under construction.
Meanwhile, the Communication Services Select Sector SPDR Fund (NYSEARCA:XLC) is down 2% to $110.82, and the ETF is down 3% year to date. The fund’s smaller decline shows how a diversified sector basket absorbs single-name legal risk relative to individual social platforms.
What to Watch Investors can watch for whether Zuckerberg and Mosseri testify as expected, how the bellwether verdict lands and what it signals for pending cases against social media companies, and whether additional states join or settle. A bellwether outcome can set terms for follow-on litigation, which is why peer stocks are moving even without direct exposure to Tuesday’s case.
Traders may also want to monitor for any revision to insurance arrangements on the El Paso project and further disclosures from Meta Platforms or BlackRock on the venture. A cautious position size is reasonable given legal uncertainty layered on top of an already volatile setup for Meta Platforms stock.
Contact [email protected] for any questions or corrections.
Pinterest ve 2. čtvrtletí zvýšil tržby o 18 % na 1,2 miliardy USD a upravený EPS vzrostl o 30 % na 0,43 USD, nad odhady. Přesto akcie po výhledu na 3. čtvrtletí dál kolísají.
For a company as predictable as Pinterest (PINS +1.50%), the stock continues to see significant volatility around earnings. Meanwhile, the latest dip in the stock has left the social media company as one of the best values in the market today. The stock is now down about 10% in 2026 and 40% over the past year, as of this writing.
Let's dive into the company's earnings and prospects to see why I think this is a great buying opportunity.
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The pattern continues Pinterest has followed a very predictable earnings pattern, yet the stock still gets big reactions in both directions. The company generally reports solid revenue that comes in ahead of expectations, then issues conservative guidance. Despite that, the stock has made 10% or more moves in either direction eight of the past 10 quarters.
Both the first and second quarters of this year have been good examples of this. Following its Q4 earnings report in February, Pinterest saw its stock get crushed when it forecast its revenue growth would decelerate to between 11% and 14%. However, Q1 revenue growth accelerated to its fastest pace since Q4 2024, at 18%. Meanwhile, for Q2, it forecast revenue would increase by 14% to 16%, but it once again topped expectations with growth of 18%.
Despite the company's history of conservative guidance, investors were disappointed when Pinterest projected its Q3 revenue would rise between 13% and 15% year over year, to a range of $1.19 billion to $1.21 billion. That was right in line with analyst estimates, and if recent history is any indication, the company should comfortably top its forecast. The company also noted that its guidance takes into account the impact of shifting Amazon Prime Day from Q3 to Q2 last year and World Cup-related spending.
Pinterest's 18% revenue growth in Q2 was driven by a 16% increase in ad impressions and a 1% increase in ad prices. The company said advertisers using its Performance+ platform are seeing better return on ad spending (ROAS), so it will be interesting to see if it can eventually command higher ad prices, similar to what Meta Platforms has achieved.
The platform saw strength across regions. U.S. and Canadian revenue rose by 18% to $800 million. European revenue jumped 12% to $213 million, while the "rest of world" segment revenue soared 38% to $87 million.
Pinterest's monthly active users (MAUs) increased by 11% to 640 million, once again led by a nice rise in "rest of world" users, which climbed 15% to 377 million. European users grew by 7% to 157 million, although they fell sequentially. U.S. and Canadian MAUs, meanwhile, increased by 4% to 106 million.
Global average revenue per user (ARPU) climbed 7% year over year to $1.86; however, this number is heavily influenced by the regional mix. U.S. and Canadian ARPU soared by 14% to $8.30. European ARPU edged up by 4% to $1.35, while "rest of world" ARPU jumped 21% to $0.23.
Turning to profitability, Pinterest saw its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jump by 24% year over year to $311.3 million. Adjusted earnings per share (EPS) surged by 30% to $0.43, topping the $0.36 consensus, as the company significantly reduced its share count through buybacks. Looking ahead, Pinterest projected its Q3 adjusted EBITDA of between $335 million and $355 million.
Image source: The Motley Fool.
Pinterest is one of the best bargains in the market right now, in my view. It trades at a forward price-to-earnings ratio (P/E) of below 10.5 based on 2027 analyst estimates, while producing solid mid-to-upper teens revenue growth. Throw out quarterly market expectations; this growth stock should be trading at a much higher multiple.
Similar to Meta Platforms, Pinterest has shown that its business can be a powerful AI flywheel by using AI to improve advertiser outcomes. Meanwhile, it's doing it without heavy capital expenditures, using a mix of its proprietary AI models and cheaper open-source models to efficiently drive growth.
If you want a cheap AI winner without heavy capex, Pinterest is a great stock to buy on this dip.
Pinterest zvýšil celoroční cíl marže EBITDA na zhruba 30 %, ale výhled tržeb na třetí čtvrtletí zklamal a akcie po výsledcích klesly o více než 8 % v after-hours.
Pinterest Inc (NYSE:PINS) beat on revenue, beat on earnings, beat on users, raised its margin target for the year and then watched its shares fall more than 8% in extended trading.
Revenue of $1.18 billion was up 18% year on year against expectations of $1.15 billion.
Adjusted earnings of 43 cents a share came in well ahead of the 36 cents forecast, while adjusted earnings before interest, tax, depreciation and amortisation of $311 million beat a $270 million consensus.
Monthly active users hit a record 640 million, up 11%, with Gen Z now accounting for more than half the base.
The stock had climbed almost 6% during the session to $25.58 before sliding to around $23.45 after hours.
Guidance problem
The damage was done by the third-quarter outlook. Guidance of $1.19 billion to $1.21 billion implies growth of 13% to 15%, down from 18%, and lands almost exactly on consensus.
Management pointed to identifiable one-offs, since World Cup spending added nearly a percentage point in the second quarter and will not repeat, Amazon's Prime Day shifted out of the third quarter into the second, worth roughly half a point in each direction, and currency is a modest drag.
The explanation is credible, but it does not alter what the number says, which is that growth slows from here.
That matters more for Pinterest than for most, because the shares are down 17% over the past year and the average analyst price target has been cut from about $35 to below $24. Meeting expectations is no rescue when the story needed an inflexion.
Cheap AI bet
The more interesting disclosure was how Pinterest runs artificial intelligence. Rather than paying for access to the largest proprietary systems, it builds small task-specific models and post-trains open-weight models, which are freely downloadable, inside its own cloud environment.
Bill Ready, chief executive, said the cost per transaction is under 8% of comparable closed models, and went as far as arguing that any chief executive ignoring open models is wasting shareholders' money.
Julia Donnelly, finance chief, described routing infrastructure that sends complex work to expensive models and routine tasks to cheap ones.
The pay-off shows up in the full-year adjusted EBITDA margin target, lifted to roughly 30%.
That is the mirror image of the trade being struck across the rest of the sector, where companies are spending tens of billions on compute and asking investors for patience.
Why it does not rescue the stock
Cost discipline is simply not what the market is paying for at the moment. Pinterest generated $270 million of free cash flow in the quarter and has repurchased more than $2 billion of stock this year at an average price of $18, cutting net dilution by 12%.
It still reported a statutory loss of $47 million, against a $38.8 million profit a year earlier, largely on an inflated share-based compensation charge as the annual grant cycle was struck at a depressed share price.
There is an uncomfortable loop in that, because a weak stock makes the grants more dilutive, which makes the accounting look worse.
The strategic question is also unresolved, since more than 96% of Pinterest's text searches are unbranded, meaning its value rests on people browsing before they know what they want.
That is precisely the job general-purpose AI assistants are being built to do.
Open models keep the margins intact, but they do not settle who owns the search.
Q2 Revenue of $1,180 million, an increase of 18% on a reported and 17% on a constant currency basis
All-time high of 640 million global monthly active users, an increase of 11%
Completed over $2 billion of share repurchases year-to-date at an average price of $18.17
SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2026.
Revenue was $1,180 million, growing 18% year over year. On a constant currency basis, revenue would have grown 17% year over year. Global Monthly Active Users ("MAUs") increased 11% year over year to 640 million. GAAP net loss was $47 million and Adjusted EBITDA was $311 million. Net cash provided by operating activities was $293 million and free cash flow was $270 million. “Our Q2 results reflect the scale and strength of our platform: more than $1.1 billion in revenue, growing 18%, and 640 million monthly active users, our 11th consecutive quarter of double digit user growth,” said Bill Ready, CEO of Pinterest. “AI is at the heart of our momentum and is a clear accelerant for our business. It is trained on our unique human curation of style and taste, making Pinterest more personalized and actionable for users, while improving performance for advertisers and creating more opportunities to monetize over the long term."
Q2 2026 Financial Highlights
The following table summarizes our consolidated financial results (in thousands, except percentages, unaudited):
Three Months Ended June 30,
% Change
2026
2025
Revenue
$
1,179,654
$
998,227
18
%
Constant currency % growth(1)(2)
17
%
Net income (loss)
$
(46,669
)
$
38,755
NM
Net income (loss) margin
(4
)%
4
%
Non-GAAP net income(2)
$
249,518
$
228,270
9
%
Adjusted EBITDA(2)
$
311,307
$
250,776
24
%
Adjusted EBITDA margin(2)
26
%
25
%
Net cash provided by operating activities
$
292,885
$
207,693
41
%
Free cash flow(2)
$
269,933
$
196,683
37
%
____________ NM = Not meaningful (1)
On a constant currency basis, revenue for the three months ended June 30, 2026 was $1,169.3 million due to a $10.4 million favorable impact of changes in foreign exchange rates.
(2)
For more information on these non-GAAP financial measures, please see "―About non-GAAP financial measures" and the tables under "―Reconciliation of GAAP to non-GAAP financial results" included at the end of this release. Q2 2026 Other Highlights
The following table sets forth our revenue, MAUs and average revenue per user (ARPU) based on the geographic location of our users (in millions, except ARPU and percentages, unaudited):
Three Months Ended June 30,
% Change
2026
2025
Revenue - Global
$
1,180
$
998
18
%
Revenue - U.S. and Canada
$
880
$
745
18
%
Revenue - Europe
$
213
$
191
12
%
Revenue - Rest of World
$
87
$
63
38
%
MAUs - Global
640
578
11
%
MAUs - U.S. and Canada
106
102
4
%
MAUs - Europe
157
146
8
%
MAUs - Rest of World
377
329
15
%
ARPU - Global
$
1.86
$
1.74
7
%
ARPU - U.S. and Canada
$
8.30
$
7.29
14
%
ARPU - Europe
$
1.35
$
1.30
4
%
ARPU - Rest of World
$
0.23
$
0.19
21
%
Guidance
For Q3 2026, we expect revenue to be in the range of $1,190 million to $1,210 million, representing 13% - 15% growth year over year, which assumes a modest headwind from foreign exchange based on current spot rates. We expect Q3 2026 Adjusted EBITDA* to be in the range of $335 million to $355 million.
We intend to provide further details on our outlook during the conference call.
Webcast and conference call information
A live audio webcast of our second quarter 2026 earnings release call will be available at investor.pinterestinc.com. The call begins today at 1:30 PM (PT) / 4:30 PM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures and slide presentation are also available. A recording of the webcast will be available at investor.pinterestinc.com for 90 days.
We have used, and intend to continue to use, our investor relations website at investor.pinterestinc.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and are often characterized by the use of words such as "believes," "estimates," "expect," "may," "will," "can," "could," "would", "might," "continue," "intends," "plans," "forecasts," "strategy," "projections," "goals," "trends," "projects," "targets," "anticipates," "potential," "looking ahead," "long-term" or and similar expressions, or by discussions of strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from historical results or any future results, performance or achievements expressed, suggested or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, statements about: general economic uncertainty in global markets and a worsening of global economic conditions or low levels of economic growth, including inflation, tariffs and related retaliatory actions and other trade protection measures, stress in the banking industry, foreign exchange fluctuations and supply-chain issues; the effect of general economic and political conditions; our financial performance, including revenue, cost and expenses and cash flows; our ability to attract, retain and recover users and maintain and grow their level of engagement; our ability to provide content that is useful and relevant to users' personal taste and interests; our ability to develop successful new products or improve existing ones; our ability to maintain and enhance our brand and reputation; potential harm caused by compromises in security, including our cybersecurity protections and resources and costs required to prevent, detect and remediate potential security breaches; potential harm caused by changes in online application stores or internet search engines' methodologies, particularly search engine optimization methodologies and policies; discontinuation, disruptions or outages in third-party single sign-on access; our ability to compete effectively in our industry; our ability to scale our business, including our monetization efforts; our ability to attract and retain advertisers and scale our revenue model; our ability to attract and retain creators and publishers that create relevant and engaging content; our ability to develop effective products and tools for advertisers, including measurement tools; our ability to expand and monetize our platform internationally; our ability to effectively manage the growth of our business; our ability to continue to use and develop artificial intelligence ("AI") as well as managing the challenges and risks posed by AI; our ability to successfully manage our flexible work model with a more distributed workforce; our ability to sustain profitability; decisions that reduce short-term revenue or profitability or do not produce the long-term benefits we expect; fluctuations in our operating results; our ability to raise additional capital on favorable terms or at all; our ability to realize anticipated benefits from mergers and acquisitions, joint ventures, strategic partnerships and other investments; our ability to protect our intellectual property; our ability to receive, process, store, use and share data, and compliance with laws and regulations related to data privacy and content; current or potential litigation and regulatory actions involving us; our ability to comply with modified or new laws and regulations applying to our business, and potential harm to our business as a result of those laws and regulations; real or perceived inaccuracies in metrics related to our business; disruption of, degradation in or interference with our use of Amazon Web Services and our infrastructure; our ability to implement our restructuring plan effectively; and our ability to attract and retain personnel. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026, which is available on our investor relations website at investor.pinterestinc.com and on the SEC website at www.sec.gov. All information provided in this release and in the earnings materials is as of August 4, 2026. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
About non-GAAP financial measures
To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we use the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative), non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net income (loss) per share, constant currency revenue and free cash flow. The presentation of these financial measures is not intended to be considered in isolation, as a substitute for or superior to the financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In addition, these measures may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparative purposes. We compensate for these limitations by providing specific information regarding GAAP amounts excluded from these non-GAAP financial measures.
We define Adjusted EBITDA as net income (loss) adjusted to exclude depreciation and amortization expense, share-based compensation expense, payroll tax expense related to share-based compensation, interest income (expense), net, other income (expense), net, provision for (benefit from) income taxes and certain other non-recurring or non-cash items impacting net income (loss) that we do not consider indicative of our ongoing business performance. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue. Non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative) and non-GAAP net income (loss) exclude amortization of acquired intangible assets, share-based compensation expense, payroll tax expense related to share-based compensation and restructuring charges. In addition to these exclusions, we also subtract an assumed provision for income taxes to calculate non-GAAP net income. We calculate the non-GAAP income tax provision using a fixed long-term projected tax rate in order to provide better consistency across reporting periods. The fixed long-term projected tax rate uses a financial projection that excludes the direct impact of our non-GAAP adjustments and eliminates the effects of items that can vary in size and frequency. For 2025 and 2026, we used a long-term projected tax rate of 20%, which reflects currently available information, as well as other factors and assumptions. The non-GAAP tax rate could be subject to change for a variety of reasons, including significant changes in the geographic earnings mix or changes in tax laws and regulations. We re-evaluate this long-term rate on an annual basis or if any significant events that may materially affect this long-term rate occur. Non-GAAP income (loss) from operations is calculated by subtracting non-GAAP costs and expenses from revenue. Non-GAAP net income (loss) per share is calculated by dividing non-GAAP net income (loss) by diluted weighted-average shares outstanding. We calculate constant currency revenue by translating our current period revenue using the corresponding prior period’s monthly exchange rates for currencies other than the U.S. dollar. We define free cash flow as net cash provided by operating activities less purchases of property and equipment. Free cash flow is not intended to represent our residual cash flow available for discretionary expenditures. We use these non-GAAP financial measures to evaluate our operating results and for financial and operational decision-making purposes. We believe these measures help identify underlying trends in our business that could otherwise be masked by the effect of the income and expenses they exclude. We also believe these measures provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater transparency with respect to key metrics we use for financial and operational decision-making. We present these non-GAAP measures to assist potential investors in seeing our operating results through the eyes of management and because we believe these measures provide an additional tool for investors to use in comparing our operating results over multiple periods with other companies in our industry. There are a number of limitations related to the use of non-GAAP financial measures rather than the nearest GAAP equivalents. For example, Adjusted EBITDA excludes: (i) certain recurring, non-cash charges such as depreciation of fixed assets and amortization of acquired intangible assets, although these assets may have to be replaced in the future, and (ii) share-based compensation expense and payroll tax expense related to share-based compensation, which have been, and will continue to be for the foreseeable future, significant recurring expenses and an important part of our compensation strategy. In addition, constant currency revenue excludes the effect of changes in foreign currency exchange rates, which have an actual effect on our operating results, and free cash flow does not reflect our future contractual commitments arising from purchases of property and equipment.
For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the tables under "―Reconciliation of GAAP to non-GAAP financial results" included at the end of this release.
Limitation of key metrics and other data
The numbers for our key metrics, which include our MAUs and ARPU, are calculated using internal company data based on the activity of user accounts. We define an MAU as an authenticated Pinterest user who visits our website, opens our mobile application or interacts with Pinterest through one of our browser or site extensions, such as the Save button, at least once during the 30-day period ending on the date of measurement. The number of MAUs does not include Shuffles users unless they would otherwise qualify as MAUs. Unless otherwise indicated, we present MAUs based on the number of MAUs measured on the last day of the current period. We measure monetization of our platform through our ARPU metric. We define ARPU as our total revenue in a given geography during a period divided by the average of the number of MAUs in that geography during the period. We calculate average MAUs based on the average of the number of MAUs measured on the last day of the current period and the last day prior to the beginning of the current period. We calculate ARPU by geography based on our estimate of the geography in which revenue-generating activities occur. We use these metrics to assess the growth and health of the overall business and believe that MAUs and ARPU best reflect our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology.
PINTEREST, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
(unaudited)
June 30,
December 31,
2026
2025
ASSETS
Current assets:
Cash and cash equivalents
$
422,484
$
969,342
Marketable securities
852,417
1,497,811
Accounts receivable, net
932,000
997,849
Prepaid expenses and other current assets
116,446
90,735
Total current assets
2,323,347
3,555,737
Property and equipment, net
97,447
66,451
Operating lease right-of-use assets
143,050
150,399
Intangible assets, net
83,037
6,083
Goodwill
475,290
100,227
Deferred tax assets
1,616,367
1,592,153
Other assets
20,840
21,082
Total assets
$
4,759,378
$
5,492,132
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
145,148
$
129,810
Accrued expenses and other current liabilities
464,663
335,663
Total current liabilities
609,811
465,473
Convertible notes, net (1)
981,128
—
Operating lease liabilities
215,507
220,581
Other liabilities
59,034
60,840
Total liabilities
1,865,480
746,894
Commitments and contingencies
Stockholders’ equity:
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 490,712 and 584,866 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 74,785 and 79,680 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
6
7
Additional paid-in capital
2,886,635
4,612,205
Accumulated other comprehensive income (loss)
(1,180
)
4,333
Retained earnings
8,437
128,693
Total stockholders’ equity
2,893,898
4,745,238
Total liabilities and stockholders’ equity
$
4,759,378
$
5,492,132
PINTEREST, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Revenue
$
1,179,654
$
998,227
$
2,187,168
$
1,853,215
Costs and expenses:
Cost of revenue
257,354
203,009
495,906
402,279
Research and development
451,010
359,624
831,799
691,289
Sales and marketing
374,273
313,075
692,124
566,995
General and administrative
137,880
126,849
241,397
232,459
Restructuring
14,335
—
61,432
—
Total costs and expenses
1,234,852
1,002,557
2,322,658
1,893,022
Loss from operations
(55,198
)
(4,330
)
(135,490
)
(39,807
)
Interest income (expense), net
7,334
28,022
25,120
55,315
Other income (expense), net
(1,295
)
10,960
(2,289
)
15,479
Income (loss) before provision for (benefit from) income taxes
(49,159
)
34,652
(112,659
)
30,987
Provision for (benefit from) income taxes
(2,490
)
(4,103
)
7,597
(16,690
)
Net income (loss)
$
(46,669
)
$
38,755
$
(120,256
)
$
47,677
Net income (loss) per share:
Basic
$
(0.08
)
$
0.06
$
(0.20
)
$
0.07
Diluted
$
(0.08
)
$
0.06
$
(0.20
)
$
0.07
Weighted-average shares used in computing net income (loss) per share:
Basic
562,913
676,852
599,629
676,688
Diluted
562,913
689,837
599,629
689,598
PINTEREST, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Operating activities
Net income (loss)
$
(46,669
)
$
38,755
$
(120,256
)
$
47,677
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
11,785
6,090
20,611
11,938
Share-based compensation
324,517
227,234
555,963
414,660
Deferred income taxes
(6,702
)
(5,925
)
(1,368
)
(27,999
)
Non-cash charitable contributions
12,198
13,495
12,198
13,495
Net amortization of investment premium and discount
(2,207
)
(4,105
)
(5,428
)
(9,513
)
Other
6,321
16,132
(570
)
16,892
Changes in assets and liabilities:
Accounts receivable
(100,000
)
(49,784
)
95,004
135,297
Prepaid expenses and other assets
(5,771
)
(23,814
)
(27,746
)
(22,853
)
Operating lease right-of-use assets
9,129
7,023
19,730
14,245
Accounts payable
75,136
(4,284
)
(8,433
)
8,752
Accrued expenses and other liabilities
25,553
(3,883
)
102,417
(14,285
)
Operating lease liabilities
(10,405
)
(9,241
)
(21,214
)
(16,907
)
Net cash provided by operating activities
292,885
207,693
620,908
571,399
Investing activities
Purchases of property and equipment
(22,952
)
(11,010
)
(39,293
)
(18,299
)
Purchases of marketable securities
(210,159
)
(462,975
)
(438,808
)
(878,311
)
Sales of marketable securities
32,721
10,540
436,611
12,890
Maturities of marketable securities
246,275
377,376
647,214
809,600
Acquisition of business, net of cash acquired
—
—
(446,954
)
—
Net cash provided by (used in) investing activities
45,885
(86,069
)
158,770
(74,120
)
Financing activities
Proceeds from exercise of stock options, net
—
—
—
8,053
Repurchases of Class A common stock
(78,578
)
(52,626
)
(2,024,886
)
(227,626
)
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards
(111,633
)
(105,714
)
(180,532
)
(199,468
)
Proceeds from issuance of convertible notes, net of issuance costs (1)
(5,091
)
—
979,894
—
Purchase of capped calls related to convertible notes
(99,187
)
—
(99,187
)
—
Other financing activities
—
—
(1,890
)
—
Net cash used in financing activities
(294,489
)
(158,340
)
(1,326,601
)
(419,041
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
122
1,376
50
2,278
Net increase (decrease) in cash, cash equivalents and restricted cash
44,403
(35,340
)
(546,873
)
80,516
Cash, cash equivalents and restricted cash, beginning of period
384,086
1,257,077
975,362
1,141,221
Cash, cash equivalents and restricted cash, end of period
$
428,489
$
1,221,737
$
428,489
$
1,221,737
PINTEREST, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS
(in thousands)
(unaudited)
Three Months Ended
June 30,
2026
2025
Share-based compensation by function: (1)
Cost of revenue
$
8,484
$
4,983
Research and development
212,537
145,939
Sales and marketing
52,155
38,715
General and administrative
46,553
37,597
Total share-based compensation
$
319,729
$
227,234
Payroll tax expense related to share-based compensation by function:
Cost of revenue
$
247
$
145
Research and development
6,238
4,898
Sales and marketing
2,263
1,957
General and administrative
1,279
1,287
Total payroll tax expense related to share-based compensation
$
10,027
$
8,287
Amortization of acquired intangible assets by function: (1)
Cost of revenue
$
3,654
$
1,337
Sales and marketing
916
135
General and administrative
197
197
Total amortization of acquired intangible assets
$
4,767
$
1,669
Reconciliation of total costs and expenses to non-GAAP costs and expenses:
Total costs and expenses
$
1,234,852
$
1,002,557
Share-based compensation (1)
(319,729
)
(227,234
)
Payroll tax expense related to share-based compensation
(10,027
)
(8,287
)
Amortization of acquired intangible assets (1)
(4,767
)
(1,669
)
Restructuring charges
(14,335
)
—
Non-cash charitable contributions
(12,198
)
(13,495
)
Total non-GAAP costs and expenses
$
873,796
$
751,872
PINTEREST, INC.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL RESULTS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended
June 30,
2026
2025
Reconciliation of net income (loss) to Adjusted EBITDA:
Net income (loss)
$
(46,669
)
$
38,755
Depreciation and amortization (1)
10,216
6,090
Share-based compensation (1)
319,729
227,234
Payroll tax expense related to share-based compensation
10,027
8,287
Interest (income) expense, net
(7,334
)
(28,022
)
Other (income) expense, net
1,295
(10,960
)
Benefit from income taxes
(2,490
)
(4,103
)
Restructuring charges (2)
14,335
—
Non-cash charitable contributions
12,198
13,495
Adjusted EBITDA
$
311,307
$
250,776
Reconciliation of net income (loss) to non-GAAP net income:
Net income (loss)
$
(46,669
)
$
38,755
Share-based compensation (1)
319,729
227,234
Payroll tax expense related to share-based compensation
10,027
8,287
Amortization of acquired intangible assets (1)
4,767
1,669
Restructuring charges (2)
14,335
—
Non-cash charitable contributions
12,198
13,495
Income tax effects and tax adjustments (3)
(64,869
)
(61,170
)
Non-GAAP net income
$
249,518
$
228,270
Basic weighted-average shares used in computing net income (loss) per share
562,913
676,852
Weighted-average dilutive securities (4)
14,715
12,985
Diluted weighted-average shares used in computing non-GAAP net income per share
577,628
689,837
Non-GAAP net income per share
$
0.43
$
0.33
Reconciliation of free cash flow:
Net cash provided by operating activities
$
292,885
$
207,693
Less:
Purchases of property and equipment
(22,952
)
(11,010
)
Free cash flow
$
269,933
$
196,683
_______________ (1)
Excludes share-based compensation expense of $4.8 million and amortization expense of $1.6 million included in restructuring charges for the three months ended June 30, 2026.
(2)
We have excluded restructuring charges associated with our Restructuring Plan from Adjusted EBITDA because it is non-recurring and not reflective of our ongoing business operations or the underlying trends in our business.
(3)
Includes the income tax effect of our non-GAAP adjustments using a long-term projected tax rate of 20% and other tax adjustments.
(4)
Gives effect to potential common stock instruments such as stock options, unvested restricted stock units and unvested restricted stock awards.
Pinterest čeká za čtvrtletí zisk 0,36 USD na akcii při tržbách 1,15 miliardy USD, což by znamenalo meziroční růst o 9,1 % a 15,4 %. Výsledky zveřejní 4. srpna.
The market expects Pinterest (PINS - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 4. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis digital pinboard and shopping tool company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +9.1%.
Revenues are expected to be $1.15 billion, up 15.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.63% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Pinterest?For Pinterest, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.65%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Pinterest will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Pinterest would post earnings of $0.22 per share when it actually produced earnings of $0.27, delivering a surprise of +22.73%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Pinterest doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsCCC Intelligent Solutions Holdings Inc. (CCC - Free Report) , another stock in the Zacks Internet - Software industry, is expected to report earnings per share of $0.1 for the quarter ended June 2026. This estimate points to a year-over-year change of +11.1%. Revenues for the quarter are expected to be $284.16 million, up 9.1% from the year-ago quarter.
The consensus EPS estimate for CCC Intelligent Solutions has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -37.93%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that CCC Intelligent Solutions will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Pinterest čeká ve 2. čtvrtletí snazší srovnávací základna a tržby mohou růst o 15 % meziročně. Jefferies ale dál zpochybňuje dlouhodobou monetizaci reklamy na platformě.
Pinterest Inc (NYSE:PINS) heads into its second-quarter earnings report with a setup that looks a bit more favorable than it has in recent quarters, even as the fundamental debate about the stock remains unresolved, according to a new note from Jefferies.
The firm, which reiterated a Hold rating and $21 price target on Pinterest, modeled Q2 revenue in line with Street estimates of 15% year-over-year growth, though it sees room for upside toward the high end of the company's guidance range.
On an organic basis, Jefferies noted the Q2 revenue midpoint implies deceleration from 17% year-over-year growth to 13% year-over-year growth, even as the constant currency comp stays stable.
Looking ahead to the third quarter, Jefferies said Street estimates of 14% year-over-year revenue growth look achievable. The Street's Q3 forecast implies just 4% quarter-over-quarter growth, compared with 5% to 8% growth over the past three years, while ongoing tariff refunds could help support advertising budgets among importers.
Comps also ease through the rest of the year, with third and fourth quarter constant currency comps easing by roughly 100 basis points and 300 basis points, respectively.
On profitability, Jefferies expects third-quarter and full-year EBITDA margin guidance to stay in line with or be reiterated at 28% and 29%, respectively.
The firm characterized fiscal 2026 as an investment year for Pinterest, with elevated marketing and R&D spend weighing on margins, though it expects second-half margins to ramp seasonally and gross margin deleverage to peak in the second quarter.
Jefferies pointed out that the full-year EBITDA margin guidance of 29% includes roughly a 100 basis point drag from tvScientific, implying a stable organic EBITDA margin of around 30% year-over-year.
Despite the improved near-term setup and easier comps ahead, Jefferies said its core concerns about Pinterest haven't changed. The firm continues to question the durability of Pinterest's use case as artificial intelligence advances, along with its ability to monetize the platform through a scaled, high-performing direct response ad product.
