Pinterest, Inc. · PINS · FY2026 Q1 · Calendar Q2 2026
Pinterest’s AI and advertiser-mix push supports growth, with execution risks
The call offers evidence for the view that product improvement and a broader advertiser base can sustain growth: management described AI-driven gains in discovery and ad performance, while Performance Plus adoption and mid-market, SMB and international expansion remain central to the plan. The case is not settled; large-retailer weakness, lower ad pricing, and execution through a sales reorganization could limit the benefit.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior-quarter discussion of tariff-affected retail spending and planned AI launches, management now described PinRack, Canvas and Performance Plus as active contributors to discovery and advertiser performance. TV Scientific has moved from a pending acquisition to an integrated CTV capability. Large retailers remain a headwind, and management is reshaping sales to broaden the advertiser base.
Guidance delta
Management maintained its Q2 outlook, projecting revenue growth of 14–16% and adjusted EBITDA of $256–$276 million. The supplied analysis does not indicate a change to that guidance.
Key takeaways
- Management attributed improved search fulfillment and advertiser efficiency to AI product enhancements.
- Performance Plus has grown to about 30% of lower-funnel revenue; management said adopters spend at twice the rate of non-adopters.
- The advertiser strategy emphasizes mid-market, SMB and international growth as large retailers remain a drag.
- TV Scientific adds connected-TV capabilities, while integration and contribution to future guidance remain areas to monitor.
Management priorities
- Expand Performance Plus bidding, targeting, creative and measurement capabilities.
- Broaden advertiser participation across mid-market, SMB and international segments.
- Scale AI-driven discovery and advertising improvements, including Pinterest Assistant.
- Integrate TV Scientific and develop connected-TV offerings.
- Execute the sales-organization changes and support advertiser growth with additional sales capacity.
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Try FN2 freeCompany context
Snapshot as of publicationPinterest, Inc. functions globally as a platform dedicated to visual discovery. Its core purpose is to empower individuals to unearth inspiration for various aspects of their lives, encompassing everything from culinary creations and personal style to home decor and do-it-yourself ventures. The platform facilitates this through diverse content formats, including video, product, and concept-based "Pins." Leveraging sophisticated visual machine learning, Pinterest provides personalized recommendations tailored to each user's unique preferences and interests. Established in 2008, the company was initially known as Cold Brew Labs Inc. before officially changing its name to Pinterest, Inc. in April 2012. Its corporate headquarters are located in San Francisco, California.
Historical context
All PINS earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FOX Fox Corporation | FY2027 Q1 · Calendar Q4 2026 | — | -0.5% | Fox Q1 FY2027: Sports and streaming fuel advertising strength |
| FOXA Fox Corporation | FY2027 Q1 · Calendar Q4 2026 | — | +0.3% | Fox’s growth is riding sports, political ads and streaming momentum |
| RDDT Reddit, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.3% | -29.2% | Reddit posts strong Q3 growth, but search traffic raises user-growth risk |
Latest beats and misses
Who reports nextBeat on EPS
- SNYFY2026 Q3 · October 30, 2026+30.8% EPS+2.8% move
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T20:10:44.602474+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T20:10:44.599740+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.