Equity Profile

PINS

Pinterest, Inc.

Communication ServicesInteractive Media & Services$12.7B

Aug10Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Pinterest, Inc. is a visual discovery platform that allows users to find and save ideas, primarily for projects like home decor, fashion, and cooking....

Key Metrics to Watch

User Growth

Understanding user growth is crucial as it directly impacts advertising revenue, which is a key driver for Pinterest.

Active users to increase by 5% YoY.

Advertising Revenue

This metric reflects the company's ability to monetize its platform effectively, which is vital for overall financial health.

$800 million.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PINS Q2-2026 Earnings Preview

Context

Company Snapshot

Pinterest, Inc. is a visual discovery platform that allows users to find and save ideas, primarily for projects like home decor, fashion, and cooking. As part of the Communication Services sector, it plays a significant role in social media and online advertising, especially as consumer spending shifts towards digital platforms.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+585.07%

Avg Stock Reaction

+0.16%

Last Quarter Recap

In Q1 2026, Pinterest reported an impressive earnings surprise with an EPS of $0.27, significantly beating expectations. The stock reacted positively, gaining 3.12% the following day.

Management Promises & Guidance

Focus on enhancing user engagement.
Commitment to improving advertising tools for businesses.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Pinterest's upcoming earnings, especially given the company's consistent ability to beat EPS estimates in recent quarters. However, concerns about user growth and advertising revenue persist.

Bull Case

If Pinterest continues its trend of strong earnings surprises, it could signal robust user engagement and effective monetization strategies, leading to a positive market reaction.

Bear Case

On the other hand, if user growth stagnates or advertising revenue falls short of expectations, it could lead to a significant decline in stock price.

Key Metrics to Watch

User Growth

Active users to increase by 5% YoY.

Understanding user growth is crucial as it directly impacts advertising revenue, which is a key driver for Pinterest.

Advertising Revenue

$800 million.

This metric reflects the company's ability to monetize its platform effectively, which is vital for overall financial health.

Average Revenue Per User (ARPU)

$1.50.

ARPU indicates how well Pinterest is converting its user base into revenue, essential for assessing growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will user growth exceed the expected 5% YoY increase?

User growth is critical for sustaining advertising revenue, and any shortfall could raise concerns about future earnings.

How will advertising revenue perform against the $800 million consensus?

This figure is a key indicator of Pinterest's ability to monetize its platform, and missing it could negatively impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Pinterest's ability to drive user engagement through new features, which could lead to stronger-than-expected advertising revenue.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

Recent trends in digital advertising indicate a shift towards platforms like Pinterest that emphasize visual content.

The options market is pricing a significant move, indicating that traders expect more volatility than the consensus suggests.

Key Risk

If user engagement metrics show unexpected improvement, it could lead to a significant upward revision in revenue expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in determining whether Pinterest can maintain its growth trajectory in a competitive digital advertising landscape.

Bull Confirmed If

Advertising revenue growth of +15% YoY or better, indicating strong demand for ad placements.

Bear Confirmed If

Advertising revenue falls below $700 million, suggesting challenges in monetization.

Pre-Earnings Positioning

Options Market

Implied Move

±17.33%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.3% while PINS has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

46.7%

Calls (786K)P/C Ratio: 0.35Puts (756K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Pinterest beats expectations, history suggests a potential stock increase of around +0.16%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may see muted movement as investors digest the news.

Miss

A miss on key metrics could lead to a decline, with historical patterns suggesting a drop of around -2.34%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user engagement initiatives and their impact on active user numbers.
2Details on new advertising tools and their reception among advertisers.
3Any commentary on market expansion efforts and their potential revenue impact.
4Insights into competitive pressures in the digital advertising space.
5Management's outlook on future earnings and user growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Pinterest, Inc. is a visual discovery platform that allows users to find and save ideas, primarily for projects like home decor, fashion, and cooking....

Key Metrics to Watch

User Growth

Understanding user growth is crucial as it directly impacts advertising revenue, which is a key driver for Pinterest.

Active users to increase by 5% YoY.

Advertising Revenue

This metric reflects the company's ability to monetize its platform effectively, which is vital for overall financial health.

$800 million.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

PINS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+585.07%

Avg Stock Reaction

+0.16%

Last Quarter Recap

In Q1 2026, Pinterest reported an impressive earnings surprise with an EPS of $0.27, significantly beating expectations. The stock reacted positively, gaining 3.12% the following day.

Management Promises & Guidance

Focus on enhancing user engagement.
Commitment to improving advertising tools for businesses.
Plans to expand into new markets.

Expectations

Wall Street Expectations

Bull Case

If Pinterest continues its trend of strong earnings surprises, it could signal robust user engagement and effective monetization strategies, leading to a positive market reaction.

Bear Case

On the other hand, if user growth stagnates or advertising revenue falls short of expectations, it could lead to a significant decline in stock price.

Key Metrics to Watch

User Growth

Active users to increase by 5% YoY.

Understanding user growth is crucial as it directly impacts advertising revenue, which is a key driver for Pinterest.

Advertising Revenue

$800 million.

This metric reflects the company's ability to monetize its platform effectively, which is vital for overall financial health.

Average Revenue Per User (ARPU)

$1.50.

ARPU indicates how well Pinterest is converting its user base into revenue, essential for assessing growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will user growth exceed the expected 5% YoY increase?

User growth is critical for sustaining advertising revenue, and any shortfall could raise concerns about future earnings.

How will advertising revenue perform against the $800 million consensus?

This figure is a key indicator of Pinterest's ability to monetize its platform, and missing it could negatively impact investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Pinterest's ability to drive user engagement through new features, which could lead to stronger-than-expected advertising revenue.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

Recent trends in digital advertising indicate a shift towards platforms like Pinterest that emphasize visual content.

The options market is pricing a significant move, indicating that traders expect more volatility than the consensus suggests.

Key Risk

If user engagement metrics show unexpected improvement, it could lead to a significant upward revision in revenue expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report will be pivotal in determining whether Pinterest can maintain its growth trajectory in a competitive digital advertising landscape.

Bull Confirmed If

Advertising revenue growth of +15% YoY or better, indicating strong demand for ad placements.

Bear Confirmed If

Advertising revenue falls below $700 million, suggesting challenges in monetization.

Pre-Earnings Positioning

Options Market

Implied Move

±17.33%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.3% while PINS has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

46.7%

Calls (786K)P/C Ratio: 0.35Puts (756K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Pinterest beats expectations, history suggests a potential stock increase of around +0.16%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may see muted movement as investors digest the news.

Miss

A miss on key metrics could lead to a decline, with historical patterns suggesting a drop of around -2.34%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user engagement initiatives and their impact on active user numbers.
2Details on new advertising tools and their reception among advertisers.
3Any commentary on market expansion efforts and their potential revenue impact.
4Insights into competitive pressures in the digital advertising space.
5Management's outlook on future earnings and user growth.