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Group 1 - Pinterest reported Q2 sales exceeding analyst expectations, but earnings per share fell short of Wall Street predictions, leading to a post-market drop of up to 16% [1] - Adjusted earnings per share were $0.33, below the expected $0.36, while monthly active users in the U.S. and Canada remained flat at 102 million [1] - Global user growth outside the U.S. is stagnating, raising concerns about the user base [1] Group 2 - Q2 revenue grew 17% year-over-year to $998 million, surpassing the expected $976 million, with global monthly active users increasing 11% to 578 million [3] - The growth was driven by a surge in Gen Z users, who now make up over half of the platform's user base, and the appeal of AI tools for advertisers [3] - The company expects Q3 revenue to be between $1.03 billion and $1.05 billion, higher than the analyst forecast of $1.02 billion [3] Group 3 - Pinterest has established third-party advertising partnerships with Google, Amazon, and Magnite, enhancing its advertising capabilities through AI [4] - The company has improved ad targeting and content recommendation efficiency using AI technology, achieving better-than-expected advertising results in Q2 [4] Group 4 - Prior to the earnings report, Pinterest's stock had risen 35% year-to-date, with significant price movements following quarterly earnings announcements [5]

Core Insights - Pinterest reported revenue of $998.23 million for the quarter ended June 2025, reflecting a 16.9% increase year-over-year, and EPS of $0.33, up from $0.29 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $974.61 million by 2.42%, while the EPS fell short of the consensus estimate of $0.34 by 2.94% [1] Financial Performance Metrics - Monthly Active Users (MAUs) globally reached 578 million, surpassing the average estimate of 573 million [4] - Average Revenue Per User (ARPU) globally was $1.74, slightly above the estimated $1.70 [4] - MAUs in the U.S. and Canada were 102 million, matching the average estimate [4] - Geographic revenue from the U.S. and Canada was $745 million, below the average estimate of $752.28 million, but showed a year-over-year increase of 10.7% [4] - Revenue from the Rest of World segment was $63 million, exceeding the estimate of $52.42 million, representing a significant year-over-year increase of 65.8% [4] - Revenue from Europe was reported at $191 million, above the average estimate of $170.75 million, with a year-over-year growth of 33.6% [4] Stock Performance - Pinterest shares have returned +8.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Pinterest reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share, but showing an increase from $0.29 per share a year ago, resulting in an earnings surprise of -2.94% [1] - The company posted revenues of $998.23 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.42% and showing a year-over-year increase from $853.68 million [2] - Pinterest shares have increased approximately 34.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $1.02 billion, and for the current fiscal year, it is $1.83 on revenues of $4.16 billion [7] - The estimate revisions trend for Pinterest was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Pinterest belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - The company reported Q2 revenue of $998 million, representing a 17% year-over-year increase [31][8] - Adjusted EBITDA for Q2 was $251 million, resulting in an adjusted EBITDA margin of 25%, an increase of approximately 310 basis points year-over-year [35][27] - Free cash flow for Q2 was $197 million, with cash, cash equivalents, and marketable securities totaling $2.7 billion at the end of the quarter [35][36] Business Line Data and Key Metrics Changes - Monthly Active Users (MAUs) reached 578 million, an 11% increase year-over-year, marking a record high [8][30] - Ad impressions grew by 55% in Q2, marking the twelfth consecutive quarter of growth in ad impressions [33] - Revenue from the U.S. and Canada was $745 million, growing 11%, while Europe saw revenue of $191 million, growing 34% [32][30] Market Data and Key Metrics Changes - The U.S. and Canada region had 102 million MAUs, growing 5%, while Europe had 146 million MAUs, growing 7% [30] - The Rest of World market had 329 million MAUs, growing 14% [30] - Revenue from the Rest of World was $63 million, growing 65% on a reported basis [31] Company Strategy and Development Direction - The company is focusing on leveraging AI to enhance user engagement and ad performance, aiming to create a more personalized experience [6][14] - A strategic partnership with Instacart was announced to enable shoppable ads, particularly in the food and beverage category [21][81] - The company aims to continue expanding its lower funnel and performance ad strategies in international markets [70][28] Management's Comments on Operating Environment and Future Outlook - Management noted a constructive environment for digital ads in Q2, with strong performance in retail and financial services [49][48] - The company expects Q3 revenue to be in the range of $1.033 billion to $1.053 billion, representing 15% to 17% growth year-over-year [36][27] - Management expressed confidence in the resilience of the business and the durability of revenue growth drivers [52][28] Other Important Information - The company has seen a significant increase in Gen Z users, now accounting for over 50% of MAUs, which is driving engagement and search behavior [10][42] - The company is investing in R&D and sales capacity to support growth in AI and performance-based advertising [79][28] Q&A Session Summary Question: Overall usage trends with Gen Z - Management noted that user growth is strong across all demographics, with Gen Z increasingly using Pinterest as a search engine [42][44] Question: Current demand state for digital ads - Management indicated a more constructive environment than previously expected, with continued strength in retail and financial services [49][48] Question: Performance Plus adoption - Management reported notable early adoption from mid-market advertisers, with lower funnel revenue through Performance Plus campaigns more than doubling [54][55] Question: Investments in AI and search funnel changes - Management emphasized that Pinterest has become an AI-enabled shopping assistant, enhancing user experience and engagement [61][64] Question: International business dynamics - Management highlighted the narrowing gap between U.S. and international ARPU, with strong growth in Europe and Rest of World regions [70][69] Question: Investment priorities for the second half of the year - Management plans to focus on R&D investments in AI and sales capacity to support growth in emerging verticals [79][78]

Financial Data and Key Metrics Changes - Pinterest reported Q2 revenue of $998 million, representing a 17% year-over-year increase [29][30] - The company ended the quarter with 578 million monthly active users (MAUs), an 11% increase year-over-year [7][28] - Adjusted EBITDA for Q2 was $251 million, resulting in an adjusted EBITDA margin of 25%, an increase of approximately 310 basis points year-over-year [33][34] Business Line Data and Key Metrics Changes - Revenue from the U.S. and Canada was $745 million, growing 11% year-over-year, driven by strength in retail and financial services [30] - In Europe, revenue reached $191 million, growing 34% year-over-year, with retail being a significant contributor [31] - Revenue from the Rest of World was $63 million, growing 65% year-over-year, indicating strong performance in international markets [31] Market Data and Key Metrics Changes - Ad impressions grew by 55% in Q2, marking the twelfth consecutive quarter of growth since 2022 [31] - Ad pricing declined by 25% year-over-year, primarily due to a shift towards lower-priced international markets [32] - The U.S. and Canada region had 102 million MAUs, growing 5%, while Europe had 146 million MAUs, growing 7% [29] Company Strategy and Development Direction - The company is focusing on leveraging AI to enhance user engagement and ad performance, positioning itself as a leader in visual search [5][14] - Pinterest aims to deepen engagement and increase ad load with relevant ads, driving performance for advertisers through lower funnel product innovations [27][28] - The partnership with Instacart aims to enhance shopping experiences by allowing users to purchase ingredients directly from recipes on Pinterest [21][80] Management's Comments on Operating Environment and Future Outlook - Management noted a constructive environment for digital ads in Q2, with continued strength in retail and financial services [47][50] - The company anticipates Q3 revenue to be in the range of $1.033 billion to $1.053 billion, representing 15% to 17% growth year-over-year [34] - Management expressed confidence in the resilience of the business and the durability of revenue growth drivers [50][85] Other Important Information - Pinterest's taste graph has grown over 75% over the last two years, enhancing its ability to make relevant recommendations [12] - The company has invested heavily in AI tools to improve user representation and inclusivity on the platform [25] - Pinterest's ethos of positivity and belonging continues to differentiate it from competitors, attracting creators and advertisers [24][25] Q&A Session Summary Question: How has overall usage trends changed with Gen Z being 50% of users? - Management noted that user growth is strong across all demographics, with Gen Z accounting for over 50% of MAUs, and emphasized the platform's appeal as a search destination for this demographic [39][40] Question: How is the current demand state for digital ads characterized? - Management indicated a more constructive environment than previously expected, with continued strength in retail and financial services, despite some tariff-related impacts [47][50] Question: Can you discuss the adoption of Performance Plus? - Management reported notable early adoption from mid-market advertisers, with lower funnel revenue through Performance Plus campaigns more than doubling since last year [52][54] Question: What investments are being made to succeed in the new AI-driven search funnel? - Management highlighted that Pinterest has become an AI-enabled shopping assistant, focusing on enhancing user experience through AI and unique curation signals [59][60]

Company Performance - Pinterest's second-quarter sales grew by 17% year-over-year, with net income reaching $38.76 million, up from $8.9 million in the same period last year [1] - The company recorded $251 million in adjusted EBITDA for the second quarter, exceeding StreetAccount's estimates of $233 million [3] - Earnings per share were reported at $0.33, slightly below the expected $0.35 [6] User Metrics - Pinterest reported 578 million global monthly active users in the second quarter, surpassing the projected 574.5 million [2] - The user base has seen significant growth, with Gen Z now accounting for over half of Pinterest's users [3] Future Outlook - For the third quarter, Pinterest expects sales to be between $1.033 billion and $1.053 billion, exceeding analyst estimates of $1.025 billion [2]

Q2 2025 Earnings Report © 2025 Pinterest. All rights reserved. Non-GAAP Financial Measures To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we use the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-Q _________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-38872 Pinterest, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-3607129 (State ...

Pinterest Announces Second Quarter 2025 Results, Delivers 17% Revenue Growth and Record Users Q2 Revenue of $998 million, an increase of 17% on a reported and constant currency basis All-time high of 578 million global monthly active users, an increase of 11% SAN FRANCISCO, Calif. - August 7, 2025 - Pinterest, Inc. (NYSE: PINS) today announced financial results for the quarter ended June 30, 2025. "I'm proud of our Q2 results—delivering 17% revenue growth and another quarter of record users. We're also exci ...