Pinterest Earnings Call Transcripts
Fiscal Year 2026
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Strong revenue and user growth were reported, with AI and visual search driving strategic priorities. All board proposals passed, and user empowerment over AI content was emphasized during Q&A.
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Q1 2026 saw 18% revenue growth to over $1 billion, record user engagement, and strong AI-driven ad performance. Strategic investments in AI, sales, and CTV, plus a $2B stock buyback, support durable growth, with Q2 revenue expected to rise 14%-16% year-over-year.
Fiscal Year 2025
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Achieved record user growth and engagement, with 619M MAUs and strong AI-driven innovation, but Q4 revenue growth lagged due to large retailer ad pullbacks from tariffs. Strategic focus is on broadening the advertiser base, accelerating SMB and international growth, and investing in AI and sales transformation.
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Q3 2025 saw record user growth to 600M MAUs and 17% revenue growth, driven by AI-powered shopping and international expansion. Adjusted EBITDA margin rose to 29%, with strong gains in Europe and Rest of World. Q4 guidance projects continued double-digit growth and margin expansion.
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The platform has achieved record user growth, especially among Gen Z, by focusing on AI-driven visual search and shopping experiences. Performance advertising now dominates, with international expansion and partnerships driving future growth. Unique curation data powers proprietary AI models, creating a strong competitive edge.
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Q2 2025 saw record user and revenue growth, with 578M MAUs (+11%) and $998M revenue (+17% YoY), driven by AI-powered personalization and strong international momentum. Adjusted EBITDA margin rose to 25%, and Q3 guidance projects continued double-digit growth.
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Strong revenue and user growth highlighted, with all board proposals approved and directors re-elected. Strategic focus remains on user engagement, advertiser value, and innovation, while maintaining robust governance and transparency.
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Q1 2025 saw record user growth and a 16% revenue increase, with strong performance across all regions and verticals. AI-driven product innovation and full-funnel ad solutions fueled engagement and advertiser value, while margin expansion and disciplined capital allocation supported profitability.
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Record user and revenue growth driven by deep AI integration, unique curation, and shopping behaviors. Performance+ and new ad tools are expanding advertiser engagement, while strong financial discipline enables profitable AI investment and international growth.
Fiscal Year 2024
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Record user and revenue growth in 2024, with MAUs reaching 553 million and revenue up 19% year-over-year. Lower funnel ad products and AI-driven personalization drove engagement and profitability, with Adjusted EBITDA surpassing $1 billion. 2025 guidance anticipates continued growth and margin expansion.
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Q3 2024 saw 18% revenue growth and record user engagement, driven by lower funnel ad products and AI-powered solutions. Adjusted EBITDA margin expanded to 27%, with strong retail and international performance, while food and beverage advertising remained soft.
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Key strategic initiatives are outperforming expectations, with strong user growth, deepening engagement, and a focus on shoppability and lower funnel monetization. AI-driven recommendations and unique curation signals are driving competitive differentiation, while Gen Z is now the largest, fastest-growing demographic.
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Q2 2024 delivered record user and revenue growth, with global MAUs up 12% and revenue up 21% year-over-year. Strong lower funnel ad products, new AI-driven tools, and third-party partnerships fueled performance, while Q3 guidance anticipates 16%-18% revenue growth.