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Pinterest, Inc. (PINS) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

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 -15.2%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Internet - Software industry, which Pinterest falls in, has gained 3%. 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 EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

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 $0.49 per share, indicating a change of +29% from the year-ago quarter. The Zacks Consensus Estimate has changed -3.4% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $2.06 points to a change of +28.8% from the prior year. Over the last 30 days, this estimate has changed -6.3%.

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 +0.7%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Pinterest.

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.

For Pinterest, the consensus sales estimate for the current quarter of $1.2 billion indicates a year-over-year change of +14.4%. For the current and next fiscal years, $4.89 billion and $5.54 billion estimates indicate +15.9% and +13.2% changes, 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.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Pinterest is graded B on this front, indicating that it is trading at a discount to 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 #3 does suggest that it may perform in line with the broader market in the near term.

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U.S. stock futures were lower this morning, with the Dow futures falling around 0.2% on Monday.

Shares of Pinterest, Inc. (NYSE:PINS) fell sharply in pre-market trading following the announcement that CFO Julia Brau Donnelly has resigned.

Donnelly will remain with the company until Oct. 30, according to an 8-K filing. Pinterest named Vikram Naidu as principal financial officer on an interim basis.

Pinterest shares dipped 3.1% to $22.49 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

Exascale Labs Holdings Inc. (NASDAQ:XLAB) shares dipped 15.1% to $4.37 in pre-market trading after falling 17% on Friday.Pasqal Holding SA (NASDAQ:PSQL) tumbled 14.2% to $16.40 in pre-market trading after jumping 95% on Friday.PG&E Corporation (NYSE:PCG) dipped 7.3% to $15.41 in pre-market trading after declining around 8% on Friday.Reading International, Inc. (NASDAQ:RDIB) fell 7.1% to $17.01 in pre-market trading after surging 19% on Friday.MINISO Group Holding Limited (NYSE:MNSO) fell 6.8% to $9.62 in pre-market trading. MINISO Group shares fell over 4% on Friday after the company reported worse-than-expected second-quarter financial results.NACCO Industries, Inc. (NYSE:NC) shares declined 5.4% to $40.50 in pre-market trading.Destiny Tech100 Inc. (NYSE:DXYZ) fell 5% to $33.00 in pre-market trading following second-quarter results.Edison International (NYSE:EIX) dipped 4.7% to $66.82 in pre-market trading.Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declined 4.5% to $64.20 in pre-market trading.Pony AI Inc. (NASDAQ:PONY) fell 4.5% to $7.24 in pre-market trading.Trending

Yimutian Inc. (NASDAQ:YMT) declined 3.9% to $2.70 in pre-market trading.Hesai Group (NASDAQ:HSAI) fell 3.6% to $16.80 in pre-market trading.Inventiva S.A. (NASDAQ:IVA) fell 3% to $4.5685 in pre-market trading following a 4% decline on Friday.Photo via Shutterstock

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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 (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.)

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.

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.

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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

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VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

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Stock to Watch: Pinterest (PINS - Free Report) Pinterest was incorporated in Delaware in 2008 and is headquartered in San Francisco. The company provides a platform to show its users (called Pinners) visual recommendations (called Pins) based on their personal taste and interests. Users then save and organize these recommendations into collections (called Boards).

PINS is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 11.4; value investors should take notice.

For fiscal 2026, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $2.04 per share. PINS boasts an average earnings surprise of +9.7%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, PINS should be on investors' short list.

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.

SAN FRANCISCO--(BUSINESS WIRE)--Pinterest, Inc. (NYSE: PINS) announced today that Bill Ready, CEO, will participate in the Goldman Sachs Communacopia + Technology Conference. The session is scheduled for September 9, 2026 at 8:10 a.m PT / 11:10 a.m. ET. A live webcast and replay of the presentation will be publicly available on Pinterest's Investor Relations website at investor.pinterest.com. Disclosure Information Pinterest uses and intends to continue to use its Investor Relations website as.

Did you analyze how Pinterest (PINS - Free Report) fared in its international operations for the quarter ending June 2026? Given the widespread global presence of this digital pinboard and shopping tool company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.

In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors, understanding a company's reliance on overseas markets has become increasingly crucial, as it offers insights into the company's sustainability of earnings, ability to tap into diverse economic cycles and overall growth potential.

Being present in international markets serves as a counterbalance to domestic economic challenges while offering chances to engage with more rapidly evolving economies. However, this kind of diversification introduces challenges like currency fluctuations, geopolitical uncertainties and varying market trends.

While delving into PINS' performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.

The recent quarter saw the company's total revenue reaching $1.18 billion, marking an improvement of 18.2% from the prior-year quarter. Next, we'll examine the breakdown of PINS' revenue from abroad to comprehend the significance of its international presence.

A Dive into PINS' International Revenue TrendsRest of World accounted for 7.4% of the company's total revenue during the quarter, translating to $87 million. Revenues from this region represented a surprise of -0.78%, with Wall Street analysts collectively expecting $87.69 million. When compared to the preceding quarter and the same quarter in the previous year, Rest of World contributed $72 million (7.2%) and $63 million (6.3%) to the total revenue, respectively.

Of the total revenue, $213 million came from Europe during the last fiscal quarter, accounting for 18.1%. This represented a surprise of -3.96% as analysts had expected the region to contribute $221.77 million to the total revenue. In comparison, the region contributed $186 million, or 18.5%, and $191 million, or 19.1%, to total revenue in the previous and year-ago quarters, respectively.

International Revenue PredictionsWall Street analysts expect Pinterest to report a total revenue of $1.2 billion in the current fiscal quarter, which suggests an increase of 14.2% from the prior-year quarter. Revenue shares from Rest of World and Europe are predicted to be 8.1%, and 19%, corresponding to amounts of $97.44 million, and $227.62 million, respectively.

For the entire year, the company's total revenue is forecasted to be $4.89 billion, which is an improvement of 15.8% from the previous year. The revenue contributions from different regions are expected as follows: Rest of World will contribute 7.9% ($387.39 million), and Europe 18.9% ($925.19 million) to the total revenue.

Wrapping UpPinterest's reliance on international markets for revenues offers both opportunities and risks. Hence, keeping an eye on its international revenue trends could significantly help forecast the company's prospects.

In an environment where global interconnections and geopolitical skirmishes are intensifying, Wall Street analysts keep a keen eye on these trends, particularly for firms with overseas operations, to adjust their earnings predictions. Moreover, a range of other aspects, including how a company fares in its home country, significantly affects these projections.

Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.

The Zacks Rank, our proprietary stock rating tool, comes with an externally validated impressive track record. It effectively utilizes shifts in earnings projections to act as a dependable barometer for forecasting short-term stock price trends.

At present, Pinterest holds a Zacks Rank #4 (Sell). This ranking implies that its near-term performance might underperform the overall market movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Pinterest's Recent Stock Market PerformanceOver the past month, the stock has gained 5.2% versus the Zacks S&P 500 composite's 3.4% increase. The Zacks Computer and Technology sector, of which Pinterest is a part, has risen 2.8% over the same period. The company's shares have increased 21.6% over the past three months compared to the S&P 500's 6% increase. Over the same period, the sector has risen 3%

Posted by Defense World Staff on Aug 8th, 2026

Empowered Funds LLC lessened its stake in Pinterest, Inc. (NYSE:PINS – Free Report) by 83.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,641 shares of the company’s stock after selling 393,021 shares during the period. Empowered Funds LLC’s holdings in Pinterest were worth $1,424,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Yousif Capital Management LLC increased its stake in shares of Pinterest by 2,298.3% during the fourth quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock valued at $4,701,000 after acquiring an additional 177,449 shares during the period. Forsta AP Fonden raised its holdings in Pinterest by 61.2% during the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after purchasing an additional 150,900 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Pinterest in the fourth quarter worth approximately $12,812,000. KLP Kapitalforvaltning AS lifted its position in Pinterest by 103.4% in the fourth quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock worth $21,709,000 after purchasing an additional 426,300 shares during the period. Finally, Freemont Management S.A. bought a new position in Pinterest during the 4th quarter valued at $2,540,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Wall Street Analyst Weigh In Several equities analysts have recently issued reports on PINS shares. Benchmark lowered their price target on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada raised their target price on Pinterest from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Pinterest in a report on Monday, June 22nd. JPMorgan Chase & Co. boosted their price target on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Oppenheimer boosted their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.90.

Check Out Our Latest Stock Report on Pinterest

Insider Buying and Selling at Pinterest In other news, insider Wanjiku Juanita Walcott sold 14,208 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the completion of the sale, the insider owned 691,840 shares in the company, valued at $13,594,656. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total value of $1,056,562.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 429,816 shares of company stock valued at $9,280,201 in the last three months. 8.09% of the stock is currently owned by company insiders.

Pinterest Trading Up 1.7% Shares of PINS opened at $23.73 on Friday. The business’s 50-day moving average price is $22.12 and its 200 day moving average price is $20.48. The company has a current ratio of 3.81, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $13.29 billion, a P/E ratio of 69.80, a P/E/G ratio of 1.25 and a beta of 0.90. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $38.57.

Pinterest (NYSE:PINS – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts expect that Pinterest, Inc. will post 0.63 earnings per share for the current year.

More Pinterest News Here are the key news stories impacting Pinterest this week:

Positive Sentiment: Q2 results beat expectations: Pinterest reported adjusted earnings of $0.43 per share versus the $0.36 consensus estimate, while revenue reached $1.18 billion compared with expectations of $1.15 billion. Revenue grew 18.2% year over year. Pinterest’s Q2 Earnings Top Estimates on AI-Led Ad Growth Positive Sentiment: AI is supporting monetization: AI-powered advertising, stronger monetization and record user growth helped drive the quarterly outperformance and contributed to a more constructive outlook. Spotify and Pinterest Delivered the Growth. Investors Wanted More Positive Sentiment: Analyst sentiment was broadly supportive: UBS initiated or reiterated a Buy rating, Cantor Fitzgerald assigned an Overweight rating, and Evercore raised its price target to $29. RBC also increased its target to $25. Guggenheim, Morgan Stanley, Robert W. Baird and Rosenblatt analysts expressed expectations for further appreciation. Evercore Boosts Pinterest Price Target Neutral Sentiment: Valuation remains a debate: Some analysts view the post-earnings weakness as a buying opportunity, citing Pinterest’s high-intent users, high-teens revenue growth and disciplined expense management. Pinterest: Despite North American User Choppiness, Worth The Cheap Multiples Negative Sentiment: Key risks limited the reaction: Investors were disappointed by at least one user-related metric, particularly choppiness in North American users. Monetization initiatives are also creating margin pressure, while Wedbush maintained a Neutral or Hold rating. PINS Q2 Deep Dive About Pinterest (Free Report)

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

Recommended Stories Five stocks we like better than Pinterest Datadog’s Drop Says More About Expectations Than Earnings D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus Solventum Nears Inflection Point As It Begins to Unlock Value Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINS – Free Report).

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Pinterest (PINS -0.13%) disappointed investors on one critical metric, sending the stock price lower.

*Stock prices used were the afternoon prices of Aug. 4, 2026. The video was published on Aug.6, 2026.

Parkev Tatevosian, CFA has positions in Pinterest. The Motley Fool has positions in and recommends Pinterest. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Key Takeaways PINS beat Q2 earnings and revenue estimates as AI-powered advertising boosted monetization and growth.Pinterest reached a record 640 million monthly active users, marking its 12th straight record quarter.PINS raised its full-year adjusted EBITDA margin outlook after strong AI-driven monetization gains. Pinterest, Inc. (PINS - Free Report) 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 GrowthPinterest 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 over 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 AIPinterest 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 PlatformArtificial 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 InvestmentsPinterest 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 LiquidityPinterest 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 GrowthFor 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.

Zacks RankUpcoming ReleasesKeysight Technologies, Inc. (KEYS - Free Report) is scheduled to release third-quarter fiscal 2026 earnings on Aug. 18. The Zacks Consensus Estimate for earnings is pegged at $2.46 per share, suggesting growth of 43.02% from the year-ago reported figure.

Keysight has a long-term earnings growth expectation of 19.44%. The company delivered an average earnings surprise of 9.46% in the last four reported quarters.

Analog Devices, Inc. (ADI - Free Report) is set to release third-quarter fiscal 2026 earnings Aug. 19. The Zacks Consensus Estimate for earnings is pegged at $3.33 per share, implying growth of 62.44% from the year-ago reported figure.

Analog Devices has a long-term earnings growth expectation of 31.04%. The company delivered an average earnings surprise of 5.48% in the last four reported quarters.

Applied Materials, Inc. (AMAT - Free Report) is scheduled to release third-quarter fiscal 2026 earnings on Aug. 13. The Zacks Consensus Estimate for earnings is pegged at $3.36 per share, suggesting growth of 35.48% from the year-ago reported figure.

Applied Materials has a long-term earnings growth expectation of 32.44%. The company delivered an average earnings surprise of 6.06% in the last four reported quarters.

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.

On August 04, 2026, Pinterest Inc (PINS) shares rose 5.9% to a current price of $25.58, marking a significant rebound from its 52-week low of $13.84, although s

Pinterest (PINS - Free Report) reported $1.18 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 18.2%. EPS of $0.43 for the same period compares to $0.33 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.15 billion, representing a surprise of +2.39%. The company delivered an EPS surprise of +19.44%, with the consensus EPS estimate being $0.36.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Pinterest performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Monthly Active Users - Global: 640 versus 631 estimated by eight analysts on average.ARPU - Global: $1.86 versus the eight-analyst average estimate of $1.82.Monthly Active Users - Rest of World: 377 versus the six-analyst average estimate of 367.Monthly Active Users - U.S. and Canada: 106 compared to the 107 average estimate based on six analysts.Monthly Active Users - Europe: 157 versus 157 estimated by six analysts on average.ARPU - Rest of World: $0.23 compared to the $0.24 average estimate based on six analysts.ARPU - Europe: $1.35 compared to the $1.42 average estimate based on six analysts.ARPU - U.S. and Canada: $8.30 versus $7.86 estimated by six analysts on average.Geographic Revenue- U.S. and Canada: $880 million versus $837.38 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.Geographic Revenue- Rest of World: $87 million versus the six-analyst average estimate of $87.69 million. The reported number represents a year-over-year change of +38.1%.Geographic Revenue- Europe: $213 million versus $221.77 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.View all Key Company Metrics for Pinterest here>>>

Shares of Pinterest have returned +8.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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.

More News From Pinterest, Inc.

watch now

Pinterest shares fell 7% in extended trading on Tuesday after the company reported better-than-expected earnings and revenue but issued lukewarm sales guidance.

Here's how the company did, compared to analysts' consensus estimates from LSEG:

Earnings per share: 43 cents adjusted vs. 36 cents expectedRevenue: $1.18 billion vs. $1.15 billion expectedSales rose 18% from $998.2 million a year earlier, while the company's net loss for the period was $47 million, a loss of 8 cents per share, Pinterest said in a statement. The social media company posted net income of $38.76 million, or 6 cents per share, a year ago.

"Our Q2 results reflect the scale and strength of our platform," Pinterest CEO Bill Ready said in the release.

Revenue this quarter should come in between $1.19 billion and $1.21 billion. The midpoint of $1.2 billion was in line with analyst expectations. The guidance "assumes a modest headwind from foreign exchange based on current spot rates," Pinterest said.

Pinterest finance chief Julia Donnelly told analysts during an earnings call that the World Cup ending and Amazon's Prime Day moving to the second quarter impacted brand spending and thus third-quarter guidance.

"The shift of Prime Day from Q3 last year into Q2 this year resulted in an approximately half-point benefit to Q2 and will represent a roughly half-point headwind to Q3 as multiple brands and retailers increase their advertising spend around that moment," Donnelly said. "Lastly, in Q2, we saw a nearly one-point benefit from World Cup-related spend that will not repeat in Q3."

Adjusted earnings for the quarter of $311 million, topped analyst projections of $270 million, according to StreetAccount.

The company's global monthly active users, or MAUs, jumped 11% year-over-year to 640 million, beating estimates of 635 million.

Global average revenue per user, or ARPU, was $1.86, ahead of projections.

During the earnings call, Ready also discussed Pinterest's use of freely available, so-called open-weight artificial intelligence models, a topic of rising interest in corporate board rooms as companies increasingly focus on AI's high costs.

"At this point, any CEO that's not taking advantage of open source models is almost certainly wasting a lot of their shareholders' money," Ready said. "And especially that's true now that you have hyperscalers making it really easy to take advantage of that open source in their their secure environment, so that you can leverage the open source in your own cloud environment, so that it's safe, it's secure."

As Pinterest continues using a mixture of both proprietary and open-weight AI models, Donnelly explained to analysts how the company manages AI-related costs using "model routing infrastructure." This lets Pinterest use "higher-cost models for complex work while using lighter, lower-cost options for routine tasks," she said.

Still, Donnelly noted that "As AI adoption continues to grow, we expect both AI-related compute and token spend to grow over time."

"We see that these investments are ROI positive, and that investment growth is planned and included in our outlook that we've provided," Donnelly said.

Pinterest stock chart.

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Pinterest is scheduled to report second-quarter financial results after the stock market closes on Tuesday.

In the latest close session, Pinterest (PINS - Free Report) was down 1.72% at $24.01. This move lagged the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 1%.

The digital pinboard and shopping tool company's shares have seen an increase of 10.69% over the last month, surpassing the Computer and Technology sector's loss of 6.59% and the S&P 500's loss of 0.49%.

The upcoming earnings release of Pinterest will be of great interest to investors. The company's earnings report is expected on August 4, 2026. The company is predicted to post an EPS of $0.36, indicating a 9.09% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.15 billion, up 15.42% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.92 per share and revenue of $4.86 billion, which would represent changes of +20% and +15.04%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Pinterest. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.18% fall in the Zacks Consensus EPS estimate. Pinterest is currently sporting a Zacks Rank of #4 (Sell).

Investors should also note Pinterest's current valuation metrics, including its Forward P/E ratio of 12.71. Its industry sports an average Forward P/E of 20.16, so one might conclude that Pinterest is trading at a discount comparatively.

We can additionally observe that PINS currently boasts a PEG ratio of 0.47. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.18 as trading concluded yesterday.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 36% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

William J. Ready, Chief Executive Officer of Pinterest, Inc. (PINS -2.00%), reported a disposition of 32,057 shares of Class A Common Stock on July 20, 2026, as disclosed in a recent SEC Form 4 filing.

Transaction summaryMetricValueShares sold32,057Transaction value$731,000Post-transaction shares (directly held)1,894,836Post-transaction value$43.22 millionTransaction value based on SEC Form 4 weighted average sale price ($22.81); post-transaction value based on July 20, 2026 market close ($22.81).

Key questionsWhy was this transaction executed?
The disposition of 32,057 shares was a non-discretionary transaction carried out to satisfy income tax withholding and remittance obligations. This occurred automatically upon the vesting of restricted stock awards and does not reflect a discretionary decision by the Chief Executive Officer to reduce his stake in the company.How does this disposition affect the insider's total equity exposure?
Despite the sale, Ready maintains a significant position in the company, holding ~1.9 million shares directly. This equity stake is valued at $43.22 million as of the July 20, 2026 market close, ensuring continued alignment with shareholder interests even after the tax-related reduction.What is the company's current market standing?
Pinterest operates a global visual discovery platform and maintains a market capitalization of $15 billion. The company’s stock has seen a one-year total return of -39% as of the July 20, 2026 transaction date.Are there other holdings that contribute to the insider's total beneficial ownership?
The filing notes that the insider's holdings include restricted stock units that are subject to future vesting conditions. These derivative securities provide additional long-term exposure to the company's performance.Company OverviewMetricValueShare Price (as of market close 2026-07-21)$22.83Market Capitalization$15.0 billionRevenue (TTM)$4.4 billionNet Income (TTM)$334.3 millionCompany SnapshotPinterest operates a visual discovery platform that generates revenue primarily through advertising, enabling brands and merchants to reach users seeking inspiration across lifestyle, home decor, fashion, food, and do-it-yourself categories.The company's business model leverages sophisticated visual machine learning algorithms to deliver personalized content recommendations through diverse digital pin formats including video, product, and concept-based pins, creating an engaging user experience that attracts advertisers.The platform serves a global audience of individuals and businesses seeking visual inspiration and discovery, with particular strength among users interested in lifestyle, wellness, and consumer goods, while generating revenue from advertising partners and merchants.Pinterest operates as a leading visual discovery platform, serving a global user base through its proprietary machine learning-driven recommendation engine. The company's competitive advantage derives from its unique visual-first approach to content discovery and its ability to connect consumers in the consideration and inspiration purchase phase with relevant brands and merchants.

With 5,265 employees based in San Francisco, Pinterest maintains a focused strategy on monetizing its engaged user base through targeted advertising solutions and commerce integration.

What this transaction means for investorsPinterest CEO Bill Ready’s July 20 sale of company stock was an automatic disposition to fulfill tax withholding obligations from the vesting of restricted stock awards. Consequently, this transaction is routine and not a red flag for investors.

The sale, at a price of $22.81 per share, came at a time when Pinterest stock had fallen from its 52-week high of $39.93 reached in July of 2025. The company’s shares are down despite posting an all-time high of 631 million global monthly active users in the first quarter, an 11% increase over the prior year.

Although Pinterest is successfully attracting users, its ability to generate revenue from this audience has not proven to be compelling to Wall Street. Its Q1 sales of $1 billion represented excellent 18% year-over-year growth. However, the company forecasted about $1.1 billion in Q2 revenue compared to $998.2 million in the prior year, which is around a 10% increase. The weak guidance contributed to Pinterest’s share price decline.

Robert Izquierdo has positions in Pinterest. The Motley Fool has positions in and recommends Pinterest. The Motley Fool has a disclosure policy.

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 (PINS - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this digital pinboard and shopping tool company have returned +13.5%, compared to the Zacks S&P 500 composite's +0.4% change. During this period, the Zacks Internet - Software industry, which Pinterest falls in, has gained 7.3%. 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 EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

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.

Pinterest is expected to post earnings of $0.36 per share for the current quarter, representing a year-over-year change of +9.1%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.6%.

The consensus earnings estimate of $1.92 for the current fiscal year indicates a year-over-year change of +20%. This estimate has changed +0.5% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $2.23 indicates a change of +15.9% from what Pinterest is expected to report a year ago. Over the past month, the estimate has changed +0.1%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Pinterest.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Pinterest, the consensus sales estimate of $1.15 billion for the current quarter points to a year-over-year change of +15.4%. The $4.86 billion and $5.47 billion estimates for the current and next fiscal years indicate changes of +15% and +12.7%, respectively.

Last Reported Results and Surprise HistoryPinterest reported revenues of $1.01 billion in the last reported quarter, representing a year-over-year change of +17.8%. EPS of $0.27 for the same period compares with $0.23 a year ago.

Compared to the Zacks Consensus Estimate of $963.8 million, the reported revenues represent a surprise of +4.53%. The EPS surprise was +22.73%.

Over the last four quarters, Pinterest surpassed consensus EPS estimates two times. The company topped consensus revenue estimates three times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty 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.