PINS
Pinterest, Inc.25.78
+0.02+0.08%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Sales disruption flags Q1 headwinds
Q&A confirms large retailer ad headwinds from tariffs will persist and possibly sharpen in Q1, alongside sales restructuring disruption impacting frontline sellers and productivity. SMBs, now 15% of revenue after doubling growth in 2025, emerge as a key acceleration target under new CBO Leigh Brown, but GTM changes signal modest Q1-Q2 hiccups. Julia unpacked margins: $100M OpEx savings from January cuts, half reinvested in sales/AI, offset by 100bps cost-of-revenue pressure and TV Scientific's 100bps drag to 29% for 2026. Analysts probed revenue-monetization gaps despite 80B monthly visual searches; management stayed execution-focused. Sales transformation disrupts now.
Key Stats
Market Cap
17.53BP/E (TTM)
9.05Basic EPS (TTM)
2.85Dividend Yield
0%Recent Filings
8-K
Pinterest issues $1B notes
Pinterest closed its $1 billion investment deal with Elliott on March 5, 2026, issuing 1.75% Convertible Senior Notes due 2031 at an initial conversion price of ~$22.72 per share. The low-coupon debt bolsters the balance sheet amid economic uncertainty. Holders can force repurchase on fundamental change. Forward-looking statements carry substantial risks.
8-K
Pinterest raises $1B from Elliott
Pinterest sold $1B of 1.75% convertible senior notes due 2031 to Elliott on March 3, closing March 5, with initial conversion price ~$22.72/share. Simultaneously launched $3.5B repurchase program, including $1B ASR with Goldman Sachs delivering ~80% of shares March 5, leaving $2.5B remaining. Deal locks Elliott board seat through 2026.
8-K
Pinterest closes tvScientific deal
8-K
Q4 revenue up 14%, record MAUs
Pinterest reported Q4 revenue of $1,319 million, up 14% year over year, and full-year revenue of $4.2 billion, up 16%, with MAUs hitting a record 619 million, up 12%. GAAP net income fell sharply to $277 million in Q4 from prior tax benefits, yet Adjusted EBITDA rose 15% to $542 million. Q1 2026 revenue guidance: $951-971 million. Record users fuel growth.
10-K
FY2025 10-K lacks financials
Pinterest's 10-K for FY2025 ended December 31, 2025, contains no financial statements, revenue, profitability, or quarterly results. Not disclosed in the 10-K. The filing instead includes an exhibit with a 2021 offer letter to Malik Ducard for Chief Content Officer, detailing $400,000 salary, $13.5M stock grant, and $500,000 bonus. No balance sheet, cash flow, or segment data provided. Liquidity and capital allocation not detailed. Risk of incomplete disclosures hampers analysis.
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