Pinterest revenue tops $1B as global user base hits record 631 million

Pinterest (NYSE:PINS) reported financial results for the first quarter ended March 31, 2026, characterized by steady top-line expansion and record engagement levels.

The visual discovery platform recorded revenue of $1.008 billion, representing an 18% increase year-over-year, or 15% on a constant currency basis.

The company's global monthly active users (MAUs) climbed 11% to an all-time high of 631 million.

This marks the tenth consecutive quarter of double-digit user growth for the platform, driven largely by gains in international markets.

Revenue growth was particularly pronounced in the "Rest of World" segment, which saw a 59% surge to $72 million, while European revenue grew 27% to $186 million.

The core U.S. and Canada market contributed $750 million, a 13% increase from the prior year.

Average Revenue Per User (ARPU) reached $1.61 globally, up 6% year-over-year.

In the U.S. and Canada, ARPU rose 9% to $7.12, reflecting improved ad stack efficiency and the integration of new shoppable content features.

Despite the revenue growth, Pinterest reported a GAAP net loss of $74 million for the quarter, compared to a small profit in the year-ago period.

However, on a non-GAAP basis, adjusted EBITDA reached $207 million, a 20% increase over the $172 million reported in Q1 2025.

Meanwhile, the company maintained a strong liquidity profile, generating $312 million in free cash flow and ending the quarter with a robust cash position following the issuance of $985 million in convertible notes.

Looking ahead to the second quarter of 2026, the company issued revenue guidance between $1.13 billion and $1.15 billion, implying growth of 14% to 16% year-over-year.