Overview
Pinterest Inc. posted second‑quarter 2026 results that topped Wall Street forecasts, yet its shares slipped about 5% in early trade after the company signaled a deceleration in revenue growth for the upcoming quarter.
Financial Performance
The quarter generated revenue of $1.18 billion, exceeding the consensus estimate of $1.15 billion and representing an 18% year‑on‑year increase. Adjusted earnings per share were $0.43, ahead of the projected $0.36, while adjusted core earnings rose to $311 million, a 24% rise from the comparable period last year. Free cash flow amounted to $270 million, up 37% from $197 million a year earlier.
User Metrics
Global monthly active users (MAU) reached a record 640 million, an 11% increase versus the prior year and marking the eleventh consecutive quarter of double‑digit user growth.
Geographic Revenue Breakdown
Revenue in the United States and Canada grew 18% to $880 million; Europe revenue grew 12% to $213 million; the Rest‑of‑World segment posted the strongest growth at 38%, reaching $87 million.
Guidance and Outlook
For the third quarter, Pinterest forecast revenue between $1.19 billion and $1.21 billion, implying growth of 13%‑15% versus the 18% expansion recorded in the June quarter. Adjusted core earnings for Q3 are expected to lie in the $335 million‑$355 million range.
Capital Allocation
The company completed more than $2 billion of share repurchases year‑to‑date at an average price of $18.17 per share.
Competitive Landscape
Pinterest continues to invest in its AI‑enhanced Performance+ advertising suite as rivals Meta Platforms and Alphabet pour billions into comparable AI tools. Analysts noted that the guidance may have been dampened by heightened expectations after strong earnings from peers Snap and Reddit.
Management Commentary
CEO Bill Ready said the results demonstrate “the scale and strength of our platform,” highlighting revenue above $1.1 billion, 18% growth, and the role of AI as an “accelerant for our business.”