Quarterly ResultAug 4, 2026, 04:27 PM
Pinterest Q2 Revenue $1.18B, Net Loss $46.7M; Acquires tvScientific
AI Summary
Pinterest reported its Q2 2026 financial results, with revenue increasing to $1.18 billion, but the company posted a net loss of $46.67 million, a significant decline from a net income in the prior year. This quarter also saw the strategic acquisition of tvScientific for $465.1 million to enhance its advertising capabilities and the issuance of $1.0 billion in convertible senior notes. The company also continued its share repurchase program, buying back $2.02 billion of Class A common stock in the first half of 2026.
Key Highlights
- Acquired tvScientific for $465.1 million to expand AI-powered performance advertising.
- Issued $1.0 billion in 1.75% convertible senior notes due 2031.
- Reported Q2 2026 revenue of $1,179.65 million, up from $998.23 million in Q2 2025.
- Recorded a net loss of $46.67 million in Q2 2026, compared to net income of $38.76 million in Q2 2025.
- Basic and diluted EPS were $(0.08) in Q2 2026, down from $0.06 in Q2 2025.
- Repurchased $2.02 billion of Class A common stock in the first six months of 2026.
- Incurred $14.34 million in restructuring costs for Q2 2026.
Price Impact
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