Key Highlights
- Pinterest shares climbed approximately 16% during after-hours trading following strong Q1 earnings results
- First-quarter revenue reached $1.01 billion, marking an 18% year-over-year increase and surpassing the $965 million forecast
- Adjusted earnings per share of $0.27 exceeded the $0.23 projection; adjusted EBITDA climbed 20% to $207 million
- Monthly active users achieved a record 631 million — marking the tenth consecutive quarter of double-digit expansion
- Second-quarter revenue forecast of $1.133B–$1.153B surpassed the $1.12 billion analyst projection
Pinterest (PINS) shares experienced a substantial rally of approximately 16% during Monday’s after-hours session following the release of first-quarter financial results that exceeded Wall Street expectations across virtually all key performance indicators.
The company reported Q1 revenue of $1.01 billion, reflecting an 18% increase from the prior-year figure of $855 million and comfortably exceeding the analyst forecast of $965 million. Adjusted earnings per share of $0.27 outperformed the $0.23 estimate by four cents.
Adjusted EBITDA experienced a 20% year-over-year increase to $207 million. Free cash flow totaled $312 million, representing a 13% decline from the $356 million recorded in Q1 2025.
On a GAAP basis, Pinterest reported a net loss of $74 million, contrasting with net income of $9 million during the comparable period last year.
Global monthly active users reached an all-time record of 631 million, representing an 11% year-over-year increase. This achievement extends the company’s streak of double-digit user growth to ten consecutive quarters — a trend Pinterest has emphasized prominently in communications with investors.
“Q1 revenue surpassing $1 billion, up 18% year over year, and global monthly active users growing to 631 million,” said CEO Bill Ready in a statement following the results.
Pinterest also executed $2 billion in share repurchases throughout the quarter, as previously disclosed.
AI-Powered Advertising and Smaller Business Growth Drive Results
The platform has been implementing enhancements to its Performance+ advertising suite, which streamlines creative production through automation and delivers enhanced personalized targeting capabilities. These innovations are proving effective at attracting small and mid-sized businesses, helping to balance reduced spending from certain large advertisers navigating increased costs associated with tariffs.
Analyst Lenny Zéphirin of The Zéphirin Group observed that while large advertisers continue to provide important stability, they have ceased being the principal engine of growth.
In February, Pinterest finalized its acquisition of tvScientific, a connected TV advertising platform, with the goal of accessing additional advertising budgets beyond conventional social media channels.
Competitor Reddit similarly reported robust revenue growth last week, attributing success to AI-driven ad tools — indicating that artificial intelligence-powered advertising is generating momentum across multiple platforms simultaneously.
Second Quarter Outlook Exceeds Projections
For the second quarter, Pinterest provided revenue guidance ranging from $1.133 billion to $1.153 billion, indicating 14%–16% year-over-year growth. The midpoint of $1.143 billion exceeds the analyst consensus of $1.12 billion.
The company also projected Q2 adjusted EBITDA between $256 million and $276 million.
From a geographic perspective, the Rest of World segment demonstrated the strongest growth, climbing 59% year-over-year to $72 million. Europe revenue increased 27% to $186 million.
In April, activist investor Elliott revealed a $1 billion equity position in Pinterest, endorsing the company’s advertising revenue strategy and supporting its newly announced $3.5 billion share repurchase program.
