Pinterest held its Q2 2026 earnings call with CEO Bill Ready and CFO Julia Donnelly, outlining AI-led product and ad-platform priorities.
Q2 revenue rose 18% to $1.18 billion on 640 million MAUs; UCAN revenue grew 18% to $880 million on 106 million MAUs.
Q3 revenue guidance was set at $1.19 billion to $1.21 billion, citing FX headwinds, Prime Day timing, and non-repeat World Cup-related spend.
Management highlighted Pinterest Assistant rollout to most U.S. users, built on the Taste Graph and open-source models, with cost per transaction under 8% of closed models.
Europe growth moderated on tough comparisons and cross-border pressure; leadership-driven go-to-market changes are expected to keep disrupting results in Q3.
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