Pinterest Q1 Revenue Surges 18% to $1.01B, MAUs Reach 631 Million
PINS•Pinterest’s first-quarter revenue rose 18% year-over-year to $1.01 billion, with adjusted EPS of $0.27 beating estimates by $0.04 and adjusted EBITDA climbing 20% to $207 million. Global monthly active users reached 631 million, up 11% YoY, and Q2 revenue guidance of $1.133–1.153 billion surpasses the $1.12 billion consensus.
1. Q1 Financial Performance
Pinterest reported first-quarter revenue of $1.01 billion, up 18% from $855 million a year earlier, and adjusted earnings per share of $0.27 beating the $0.23 estimate by $0.04. Adjusted EBITDA rose 20% to $207 million, while GAAP net loss widened to $74 million from a $9 million profit, and free cash flow totaled $312 million.
2. User Growth Trends
Global monthly active users reached 631 million, an 11% increase year-over-year and marking the tenth consecutive quarter of double-digit growth. The Rest of World segment led growth with 59% revenue increase to $72 million, while Europe revenue grew 27% to $186 million.
3. Q2 Outlook and Buybacks
For the second quarter, Pinterest expects revenue between $1.133 billion and $1.153 billion, implying 14%–16% year-over-year growth, above the $1.12 billion consensus, and forecasts adjusted EBITDA of $256 million to $276 million. The company completed $2 billion in share repurchases during the quarter.
