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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Eric Sheridan | Goldman Sachs | 7 (0%) |
| Brian Nowak | Morgan Stanley | 6 (17%) |
| Ross Sandler | Barclays | 6 (0%) |
| Ron Josey | Citigroup | 6 (0%) |
| John Blackledge | TD Cowen | 5 (0%) |
| Shweta Khajuria | Wolfe Research | 5 (0%) |
| Justin Patterson | KeyBanc Capital Markets | 5 (0%) |
| Doug Anmuth | JPMorgan | 4 (0%) |
| Colin Sebastian | Robert W. Baird | 4 (0%) |
| Jason Helfstein | Oppenheimer | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 | 7 (0%) |
| Barclays | 1 | 6 (0%) |
| Citigroup | 1 | 6 (0%) |
| Morgan Stanley | 1 |
Pinterest delivered a stronger-than-expected Q1 2026, with revenue of more than $1 billion, up 18% (15% constant currency) and above the high end of guidance, and adjusted EBITDA of $207 million at a 20% margin, up 40 basis points and aided by a Canada Digital Services Tax reversal. Record 631 million global MAUs (up 11%) and roughly 80 billion monthly searches underpinned the quarter, while revenue excluding the largest retailers accelerated versus Q4, evidence of the diversification push under new Chief Business Officer Lee Brown. The large tariff-pressured retail cohort remained a headwind but improved relative to expectations as AI bidding optimizations linked to advertisers' measurement systems began to offset it, and the tvScientific connected-TV acquisition closed in the quarter. Pinterest repurchased roughly $2 billion of stock (about 109 million shares near $18, a 16% share reduction) funded partly by a $1 billion convertible note, and guided Q2 revenue to $1.133-1.153 billion (14-16% growth). GAAP results included a net loss (EPS of -$0.12) against a marginally profitable prior-year quarter, driven by below-operating-line items while operating and adjusted-EBITDA margins expanded modestly.
Product Launch | Demand | Cloud & AI | Revenue Growth | Competitive Dynamics | Subscriber Growth | Guidance Reliability | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 1 | 2 | 1 | 2 | 1 | |
| 2025Q1 | 3 | 5 | 2 | 2 | 2 | 1 | ||
| 2025Q2 | 2 | 2 | 2 | 3 | 1 | 3 | 1 | 1 |
| 2025Q3 | 2 | 2 | 3 | 1 | 2 | 1 | 2 | |
| 2025Q4 | 1 | 1 | 2 | 2 | 3 | 2 | 2 | |
| 2026Q1 | 3 | 1 | 3 | 2 | 3 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Product Launch | 3 | 3 | 2 | 2 | 1 | 3 |
| Demand | 3 | 5 | 2 | 2 | 1 | 1 |
| Cloud & AI | 1 | 2 | 2 | 3 | 2 | 3 |
| Revenue Growth | 2 | 2 | 3 | 1 | 2 | 2 |
| Competitive Dynamics | 1 | 2 | 1 | 2 | 3 | 3 |
| Subscriber Growth | 2 | 1 | 3 | 1 | 1 | |
| Guidance Reliability | 1 | 1 | 2 | 1 | ||
| Capex Investment | 1 | 2 | 2 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.15B | +17.6% | $2.68 | +824.1% | 22.7% | 160.1% | $250M |
| FY2025 Q1 | $855M | +15.5% | $0.01 | +135.2% | -4.1% | 1.0% | $356M |
| FY2025 Q2 | $998M | +16.9% | $0.06 | +349.6% | -0.4% |
| 6 (17%) |
| Wolfe Research | 1 | 5 (0%) |
| TD Cowen | 1 | 5 (0%) |
| KeyBanc Capital Markets | 1 | 5 (0%) |
| JPMorgan | 1 | 4 (0%) |
| 3.9% |
| $197M |
| FY2025 Q3 | $1.05B | +16.8% | $0.13 | +196.1% | 5.6% | 8.8% | $318M |
| FY2025 Q4 | $1.32B | +14.3% | $0.41 | -84.7% | 22.8% | 21.0% | $380M |
| FY2026 Q1 | $1.01B | +17.8% | $-0.12 | -1030.2% | -3.3% | -7.3% | $312M |
| FY2026 Q2 | $1.18B | +18.2% | $-0.08 | -242.3% | -4.7% | -4.0% | $582M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What PINS and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“that only 2% of their prompts are commercial.”
Management contrasted Pinterest's ~50% commercial search mix against ChatGPT's own stated ~2% commercial prompt share, arguing Pinterest occupies a distinct high-commercial-intent niche.
“we are also extending that performance to the biggest screen in the home through our acquisition of TV Scientific, which closed in Q1.”
Pinterest closed its acquisition of tvScientific in Q1, beginning to integrate its audience signal into connected-TV campaigns with early encouraging advertiser results.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PINS Pinterest, Inc. | 8 | +17.8% | |
| DASH DoorDash | 7 | +33.1% | |
| EVER EverQuote, Inc. | 8 | +14.5% | |
| GOOGL Alphabet Inc. | 9 | +21.8% | |
| MAX MediaAlpha, Inc. | 8 | +17.3% | |
| META Meta Platforms, Inc. | 8 | +33.1% | |
| NBIS Nebius Group N.V. | 8 | +621.5% | |
| RDDT Reddit, Inc. | 9 | +69.1% | |
| SNAP Snap Inc. | 7 | +12.2% | |
| YELP Yelp Inc. | 6 | +0.8% |