Pinterest Inc

Latest Results (09.02.2026):

Pinterest Inc — Third Quarter 2025 (Q3 2025): Revenue of $1,049 million (+17% year‑over‑year; +16% constant currency), record 600 million global monthly active users (+12% y/y), GAAP net income of $92 million and Adjusted EBITDA of $306 million. Strong operating cash flow ($322M) and free cash flow ($318M). Company provided Q4 2025 guidance for revenue of $1,313–$1,338M (14–16% y/y) and Adjusted EBITDA of $533–$558M.

Revenue & profitability

Q3 revenue $1,049M (17% y/y). GAAP net income $92M (net margin 9% vs 3% in Q3 2024). Non‑GAAP net income $262.9M (+18% y/y). Adjusted EBITDA $306M (+24% y/y) with a 29% Adjusted EBITDA margin.

Users

All‑time high 600 million global MAUs, up 12% year‑over‑year. Regional MAUs: U.S. & Canada 103M (+4%), Europe 150M (+8%), Rest of World 347M (+16%).

Monetization & regional performance

Global ARPU $1.78 (+5%). U.S. & Canada ARPU $7.64 (+5%), Europe $1.31 (+31%), Rest of World $0.21 (+44%). Revenue by region: U.S. & Canada $786M (+9%), Europe $193M (+41%), Rest of World $70M (+66%).

Cash flow and balance sheet

Net cash provided by operating activities $321.7M (+30% y/y); free cash flow $318.4M (+30%). Cash & cash equivalents ~$1.13B; marketable securities ~$1.54B; total assets $5.52B; stockholders’ equity ~$4.82B.

Capital returns and share activity

Repurchased $197.4M of Class A shares in Q3 and ~$114.8M of shares to cover tax withholdings; net cash used in financing activities was $312.2M for the quarter.

Guidance

Q4 2025 revenue guidance $1,313M–$1,338M (14%–16% y/y). Q4 Adjusted EBITDA guidance $533M–$558M. Company expects ~1 point of FX tailwind to Q4 revenue based on current spot rates.

Management commentary

CEO Bill Ready emphasized investments in AI and product innovation, positioning Pinterest as an AI‑powered visual search and shopping assistant and citing rising advertiser demand as a driver of growth.