Pinterest Shares Jump 16% as Earnings and User Growth Impress

Pinterest Inc. (NYSE:PINS) delivered first-quarter results on Monday that outpaced Wall Street expectations, driven by strong revenue growth and a sharp increase in user numbers.

The company reported adjusted earnings per share of $0.27, beating the consensus estimate of $0.23 by $0.04. Revenue came in at $1.01 billion, exceeding forecasts of $965.44 million and rising 18% from $855 million in the same period last year.

Shares surged nearly 16% in premarket trading on Tuesday following the results.

Pinterest’s global monthly active users reached a record 631 million, up 11% year-on-year and marking the tenth straight quarter of double-digit expansion.

Looking ahead, the company expects second-quarter 2026 revenue to range between $1.133 billion and $1.153 billion, representing growth of 14% to 16%. The midpoint of $1.143 billion is above the $1.12 billion consensus estimate. Pinterest also projected adjusted EBITDA for the quarter between $256 million and $276 million.

“We delivered a strong start to 2026, with Q1 revenue surpassing $1 billion, up 18% year over year, and global monthly active users growing to 631 million, our tenth consecutive quarter of double-digit user growth,” said Bill Ready. “Pinterest is where online discovery leads to real-world action, and we’re seeing continued momentum driven by our differentiated visual search product experiences.”

Adjusted EBITDA for the first quarter rose 20% to $207 million, compared with $172 million a year earlier. However, Pinterest reported a GAAP net loss of $74 million, versus net income of $9 million in the same quarter of 2025. Free cash flow declined 13% year-on-year to $312 million from $356 million.

“Key question from here is if large advertiser spend can accelerate on continued measurement improvements and drive upside,” analysts at Bank of America Corporation said. “High end of 2Q revenue outlook suggests stable ex-FX growth at around 15%, though the tvScientific acquisition will add about 2pts to 2Q growth.”

In a separate note, analysts at Morgan Stanley raised their estimates for PINS, saying the report “shows how improvements (in this case, attribution) can drive better growth.”

Pinterest completed $2 billion in share repurchases during the quarter, as previously announced. Growth was particularly strong outside its core markets, with revenue in the Rest of World segment jumping 59% year-on-year to $72 million, while European revenue increased 27% to $186 million.