Pinterest, Inc. Earnings Recaps
Q1 2026
May 5, 2026
Pinterest shares rose 10.2% following first quarter results that demonstrated clear progress in user growth and AI-driven engagement, surprising investors with stronger-than-expected operational improvements and margin expansion.
Key takeaways
- Revenue surpassed $1 billion, growing 18% year over year, signaling sustained top-line momentum.
- Adjusted EBITDA increased to more than $207 million, reflecting improved profitability and operational leverage.
- Monthly active users reached 631 million, all logged in, continuing a streak of double-digit user growth for ten consecutive quarters.
- AI innovations, including the PinRack model and Canvas image generation, drove meaningful gains in search fulfillment, advertiser cost efficiencies (CPA and CPC down ~180 basis points), and user engagement metrics.
- Management remains focused on accelerating monetization and expanding AI-powered shopping features, with ongoing efforts to better capture the value of rising user engagement.
Q3 2025
Nov 5, 2025
Pinterest achieved robust growth in Q3 2025, with a 17% year-over-year revenue increase to $1.049 billion and continued expansion in user engagement, particularly among Gen Z.
Key takeaways
- Monthly active users reached 600 million, marking nine consecutive quarters of record growth, powered primarily by Gen Z, which makes up over 50% of the user base.
- Revenue growth driven by a significant increase in visual search engagement, with queries up 44% year-over-year.
- Outbound clicks to advertisers surged by 40% year-over-year, highlighting Pinterest’s strengthened performance ad platform.
- Clear international monetization opportunities exist, as markets remain significantly undermonetized, indicating future growth potential.
- Pinterest's AI-driven platform enhances user experience and ad performance, positioning it as a crucial partner for advertisers in a competitive landscape.