Earnings Releases·Oct 29, 2026, 4:07 PM ET

Pinterest — Third Quarter 2026 Earnings Summary

Revenue grew 12% year-over-year to $1,174 million, while GAAP net income declined 77% to $22 million due to share-based compensation and restructuring charges; however, Non-GAAP net income rose 3% to $270 million and Adjusted EBITDA increased 11% to $339 million.
Global Monthly Active Users reached an all-time high of 661 million (+10% YoY), driven by a 24% revenue increase in the Rest of World, though Europe revenue remained flat at $193 million.
Q4 2026 revenue guidance is set between $1,425 million and $1,475 million (8–12% YoY growth), with Adjusted EBITDA expected between $538 million and $588 million, assuming modest foreign exchange headwinds.
Capital allocation included $2,025 million in stock repurchases over the first nine months of 2026, alongside a $449 million business acquisition and the issuance of $982 million in convertible notes.
Management highlighted AI-driven visual search and shopping experiences as primary growth drivers while noting a restructuring plan and potential reconciling item changes affecting GAAP results.