PINS Q2 2026 - Preliminary Earnings Alert

Event: Quartr Q2 2026 event Retrieved: 2026-08-04T21:10:00Z Comparison mode: maximal Scorecard contract: v1 Source status: release=available | financials=release document only | transcript=live, not read

Consensus scorecard

Reported results and guidance

Q3 2026 guidance issued with the release:

• Scorecard recap: revenue beat consensus by 2.7% ($1,179.7m vs. $1,148.3m) and non-GAAP diluted EPS beat by 20.5% ($0.43 vs. $0.3568).
• On a constant-currency basis revenue would have been $1,169.3m and grown 17%; changes in foreign exchange rates were a $10.4m favorable impact.
• The company states it completed over $2 billion of share repurchases year to date at an average price of $18.17. Repurchases of Class A common stock were $78.6m in the quarter and $2,024.9m in the six months.

Key bullish aspects

• Revenue grew 18% to $1,179.7m and beat consensus, with growth broadening rather than narrowing: every reported geography grew, led by Rest of World at +38%.
• Users set a record at 640m MAUs, +11%, which management calls the eleventh consecutive quarter of double-digit user growth. Rest of World added 48m users year over year.
• Monetization improved alongside users rather than instead of them: global ARPU rose 7% and U.S. and Canada ARPU rose 14% to $8.30, so the largest revenue region grew price per user faster than its 4% user growth.
• Adjusted EBITDA rose 24% to $311.3m and margin expanded to 26% from 25%, so the operating leverage claim is supported on the company's own non-GAAP basis.
• Cash generation outpaced reported profit: operating cash flow rose 41% to $292.9m and free cash flow rose 37% to $269.9m, both well above the $(46.7)m GAAP net loss.
• The buyback has been large and executed below the current quote: over $2bn year to date at an average $18.17 against the $25.58 snapshot below. Class A and Class B shares outstanding fell to 565.5m at 30 June 2026 from 664.5m at 31 December 2025.
• The Q3 revenue guide of $1,190–1,210m is above the $1,179.7m just reported at both ends.

Key bearish aspects

• The quarter is a GAAP loss. Net income swung to $(46.7)m from $38.8m a year earlier and diluted EPS to $(0.08) from $0.06, while loss from operations widened to $(55.2)m from $(4.3)m.
• Share-based compensation of $319.7m equals 27.1% of revenue, up from $227.2m and 22.8% a year earlier. That $92.5m increase is larger than the entire $50.9m year-over-year deterioration in operating loss.
• Every major cost line grew faster than the 18% revenue line: cost of revenue +26.8%, research and development +25.4%, sales and marketing +19.5%.
• The Q3 revenue guide of +13% to +15% growth is a deceleration from the 18% just delivered, and the company attributes part of that to FX turning from tailwind to headwind.
• Interest income fell to $7.3m from $28.0m as cash and marketable securities dropped to $1,274.9m from $2,467.2m at year-end 2025, spent on the buyback and an acquisition.
• The balance sheet took on $981.1m of convertible notes, net, where there were none at year-end, and $99.2m was paid for capped calls against them.
• Restructuring charges of $14.3m in the quarter and $61.4m in the six months are new versus no such charge in either prior-year period.
• User growth is concentrated where revenue is not: Rest of World is 59% of MAUs but 7% of revenue, at $0.23 ARPU, while U.S. and Canada MAUs grew only 4%.

Key uncertainties

• The gap between $0.43 non-GAAP EPS and $(0.08) GAAP EPS is $0.51 per share, almost entirely share-based compensation. Whether the consensus figure the scorecard compares against is stated on the same non-GAAP basis is not confirmed by the provider, though the provider's prior-year actual of $0.33 matches this release's prior-year non-GAAP figure exactly.
• The six-month cash flow statement shows $446,954k for an acquisition of business, net of cash acquired, but the release does not name the acquired business or disclose how much of the 18% revenue growth or the cost growth it contributed.
• The release does not state the total expected cost, headcount effect, or completion date of the Restructuring Plan behind the $14.3m quarterly and $61.4m six-month charges.
• Terms of the convertible notes — coupon, conversion price, maturity, and the related-party element flagged in the footnote — are not in this release, so their dilution and cash cost cannot be assessed from this document.
• Q3 adjusted EBITDA guidance of $335–355m carries no GAAP equivalent; the company says a reconciliation is not available without unreasonable effort, so the implied GAAP result for Q3 is unknown.
• Deferred tax assets of $1,616.4m sit against a quarter that produced a $2.5m tax benefit on a pre-tax loss; the release gives no view on the realizability assessment behind that balance.
• The buyback consumed $2,024.9m in six months against $620.9m of six-month operating cash flow, funded in part by the new convertible notes and a drawdown of securities. The release does not state whether that pace continues.

Market context

• API Ninjas snapshot: PINS $25.58 on NYSE, volume 18,646,426, retrieved 2026-08-04T21:09:24Z. The release document was published at approximately 2026-08-04T20:13Z, minutes after the 4:00 p.m. ET close, and the earnings call had not yet begun at the snapshot time. This is a single quote of unstated session basis, not a measured reaction to the release.

Source limitations

• Every actual above comes from the Quartr release document; Quartr standardized financials for this event are not yet populated.
• API Ninjas supplied no actual or difference fields for this event, so each beat/miss is calculated locally as Quartr actual minus API Ninjas estimate. The API row carried no fiscal year or quarter, so the exact ticker-and-event-date match path was used.
• The scorecard uses the release's non-GAAP net income per share of $0.43 under the headline-adjusted-EPS-first rule. GAAP diluted EPS for the quarter is $(0.08) and is shown in the results table above.
• Year-over-year percentage changes not printed in the release are calculated from the release's own three-month columns.
• Quartr marks the transcript for this event as available and live; it has not been read for this preliminary report. A post-call update will follow once the transcript is complete.

Source links

• Quartr Q2 2026 earnings release
• Quartr release statements of operations page
• Quartr release non-GAAP reconciliation page
• Quartr Q2 2026 investor presentation