Pinterest (NYSE: PINS) delivered a first-quarter earnings report that sent shares climbing sharply, with the social platform surpassing $1 billion in quarterly revenue for the first time in its history and announcing record user numbers that strengthened the bull case for the stock heading into the second half of 2026. The results comfortably exceeded analyst estimates and triggered a wave of price-target upgrades from Wall Street.
Revenue for the quarter came in at $1.008 billion, reflecting 18% year-over-year growth on a reported basis and 15% on a constant currency basis.
That compares to the 966 million dollar consensus estimate from LSEG analysts, making the beat one of the more meaningful in the current earnings season. Adjusted earnings per share of 27 cents also topped the 23-cent consensus, while adjusted EBITDA of 207 million dollars surpassed the 176 million dollars forecast.
The platform’s monthly active user count reached 631 million globally, marking the tenth consecutive quarter of double-digit user growth and representing an 11% increase from the same period a year ago. CEO Bill Ready described the results as a strong start to the year and noted that the company’s AI-driven product improvements are beginning to translate engagement into more durable monetisation. “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,” Ready said.
Looking ahead, Pinterest guided second-quarter revenue to between $1.133 billion and $1.153 billion, implying year-over-year growth of 14% to 16% and ahead of the 1.11 billion dollar consensus. The Rest of World region was the fastest-growing geography, with revenue rising 59% year-over-year to 72 million dollars, while Europe added 27% to reach 186 million dollars. The company also confirmed it had completed approximately 2 billion dollars in share repurchases, a meaningful signal of confidence from the board.
The results stand in contrast to several other technology platforms that have guided cautiously in recent quarters, and Pinterest’s ability to sustain double-digit user growth while pushing revenue into ten-figure territory represents a genuine shift in how investors will evaluate the stock. With Q2 guidance ahead of expectations and monetisation improving, PINS looks better positioned now than at any point in the past three years.