Equity Profile

PINS

PINTEREST INC A

Communication ServicesInteractive Media & Services$12.0B

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 for various projects and interests....

Key Metrics to Watch

User Growth Rate

Understanding how many new users are joining Pinterest is crucial for assessing its growth potential and advertising revenue.

5% YoY increase

Average Revenue Per User (ARPU)

ARPU indicates how effectively Pinterest is monetizing its user base, which is vital for revenue forecasts.

$3.50

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 for various projects and interests. As part of the Communication Services sector, it plays a significant role in social media and online advertising, particularly appealing to brands looking to engage with consumers through visual content.

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, indicating strong market confidence.

Management Promises & Guidance

Focus on enhancing user engagement through new features.
Commitment to increasing advertising partnerships.
Plans to expand internationally to capture new markets.

Expectations

Wall Street Expectations

Overall, analysts expect Pinterest to continue its trend of beating earnings estimates, driven by user growth and improved monetization strategies. However, there are concerns about competition and user retention.

Bull Case

If Pinterest can showcase strong user growth and higher ARPU, it could lead to significant stock appreciation as investors gain confidence in its growth trajectory.

Bear Case

Conversely, if user engagement metrics fall short or competition intensifies, the stock could face downward pressure, reflecting investor skepticism about its long-term viability.

Key Metrics to Watch

User Growth Rate

5% YoY increase

Understanding how many new users are joining Pinterest is crucial for assessing its growth potential and advertising revenue.

Average Revenue Per User (ARPU)

$3.50

ARPU indicates how effectively Pinterest is monetizing its user base, which is vital for revenue forecasts.

Engagement Metrics

10% increase in engagement

High engagement levels can lead to better advertising performance and user retention, impacting overall financial health.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the user growth rate for Q2 2026?

User growth is critical for Pinterest's advertising revenue and overall market position, making it a key focus for investors.

How has average revenue per user changed this quarter?

ARPU is a direct indicator of how well Pinterest is monetizing its user base, which will heavily influence future revenue projections.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Pinterest's ability to drive user engagement through new features, which could lead to higher-than-expected ARPU.

Supporting Evidence

Pinterest's recent focus on enhancing user experience could lead to increased engagement, contrary to market fears.

Historical trends show that Pinterest has consistently beaten EPS estimates, suggesting a potential for continued outperformance.

The options market is pricing a significant move, indicating that traders expect volatility, which could favor a positive surprise.

Key Risk

If user growth comes in below 5%, it could undermine confidence in Pinterest's growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Pinterest's ability to sustain user growth and improve monetization in a competitive landscape.

Bull Confirmed If

User growth exceeding 5% YoY and ARPU reaching $3.50 or higher would confirm a bullish outlook.

Bear Confirmed If

A decline in user engagement metrics or ARPU falling below $3.00 would suggest a bearish trend.

Pre-Earnings Positioning

Options Market

Implied Move

±17.33%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move, suggesting 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

This setup has occurred 30 times across Communication Services in the last 2 years. 13 of 28 faded and 15 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.0%, with a raw directional average of +1.9% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$42,000.00

2,100 sh

1 insider

Net

$42,000.00

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Pinterest beats expectations, history suggests the stock could rise by around 0.16%, confirming investor confidence in its growth strategy.

In-Line / Cautious

An in-line report could lead to a muted reaction, as investors await further clarity on user engagement and monetization strategies.

Miss

If Pinterest misses on key metrics, the stock could drop, reflecting concerns about its competitive position and growth sustainability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth and engagement metrics.
2Details on new advertising partnerships and their expected impact.
3Insights into international expansion efforts.
4Any commentary on competitive pressures and how Pinterest plans to address them.
5Management's outlook on future revenue growth and ARPU expectations.

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Company Snapshot

Pinterest, Inc. is a visual discovery platform that allows users to find and save ideas for various projects and interests....

Key Metrics to Watch

User Growth Rate

Understanding how many new users are joining Pinterest is crucial for assessing its growth potential and advertising revenue.

5% YoY increase

Average Revenue Per User (ARPU)

ARPU indicates how effectively Pinterest is monetizing its user base, which is vital for revenue forecasts.

$3.50

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

Management Promises & Guidance

Focus on enhancing user engagement through new features.
Commitment to increasing advertising partnerships.
Plans to expand internationally to capture new markets.

Expectations

Wall Street Expectations

Bull Case

If Pinterest can showcase strong user growth and higher ARPU, it could lead to significant stock appreciation as investors gain confidence in its growth trajectory.

Bear Case

Conversely, if user engagement metrics fall short or competition intensifies, the stock could face downward pressure, reflecting investor skepticism about its long-term viability.

Key Metrics to Watch

User Growth Rate

5% YoY increase

Understanding how many new users are joining Pinterest is crucial for assessing its growth potential and advertising revenue.

Average Revenue Per User (ARPU)

$3.50

ARPU indicates how effectively Pinterest is monetizing its user base, which is vital for revenue forecasts.

Engagement Metrics

10% increase in engagement

High engagement levels can lead to better advertising performance and user retention, impacting overall financial health.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the user growth rate for Q2 2026?

User growth is critical for Pinterest's advertising revenue and overall market position, making it a key focus for investors.

How has average revenue per user changed this quarter?

ARPU is a direct indicator of how well Pinterest is monetizing its user base, which will heavily influence future revenue projections.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Pinterest's ability to drive user engagement through new features, which could lead to higher-than-expected ARPU.

Supporting Evidence

Pinterest's recent focus on enhancing user experience could lead to increased engagement, contrary to market fears.

Historical trends show that Pinterest has consistently beaten EPS estimates, suggesting a potential for continued outperformance.

The options market is pricing a significant move, indicating that traders expect volatility, which could favor a positive surprise.

Key Risk

If user growth comes in below 5%, it could undermine confidence in Pinterest's growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Pinterest's ability to sustain user growth and improve monetization in a competitive landscape.

Bull Confirmed If

User growth exceeding 5% YoY and ARPU reaching $3.50 or higher would confirm a bullish outlook.

Bear Confirmed If

A decline in user engagement metrics or ARPU falling below $3.00 would suggest a bearish trend.

Pre-Earnings Positioning

Options Market

Implied Move

±17.33%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move, suggesting 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Communication Services

n=30

Fade rate: 13 of 28 (46%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$42,000.00

2,100 sh

1 insider

Net

$42,000.00

Net selling

Most Active Insiders· 1 open-market trade

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Pinterest beats expectations, history suggests the stock could rise by around 0.16%, confirming investor confidence in its growth strategy.

In-Line / Cautious

An in-line report could lead to a muted reaction, as investors await further clarity on user engagement and monetization strategies.

Miss

If Pinterest misses on key metrics, the stock could drop, reflecting concerns about its competitive position and growth sustainability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-LAJulia LetlowRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user growth and engagement metrics.
2Details on new advertising partnerships and their expected impact.
3Insights into international expansion efforts.
4Any commentary on competitive pressures and how Pinterest plans to address them.
5Management's outlook on future revenue growth and ARPU expectations.