Abstract
Pinterest, Inc. will report fourth-quarter results on February 12, 2026 Post Market, with consensus pointing to stronger top-line growth and margin expansion driven by performance advertising momentum and disciplined cost control.
Market Forecast
Consensus for the current quarter indicates total revenue of USD 1.33 billion, an estimated year-over-year increase of 16.76%, with EBIT expected at USD 0.33 billion and adjusted EPS at USD 0.70, both implying year-over-year gains. The company’s core performance advertising and commerce integrations remain the highlight, with a continued shift toward higher-intent formats and improved advertiser conversion efficiency. The most promising segment is performance advertising, including conversion-optimized ads and emerging connected TV initiatives, expected to scale from the prior quarter’s base and sustain double-digit growth.
Last Quarter Review
Pinterest, Inc.’s previous quarter delivered revenue of USD 1.05 billion, a gross profit margin of 79.76%, GAAP net profit attributable to the parent company of USD 92.11 million, a net profit margin of 8.78%, and adjusted EPS of USD 0.38, with year-over-year revenue up 16.79% and EPS down 5.00%.
A key highlight was the sharp sequential rebound in profitability, with net profit increasing quarter-on-quarter by 137.67%, reflecting improved operating leverage and seasonal advertising demand. Main business performance was led by performance advertising and commerce-aligned initiatives; while the detailed revenue breakdown was not disclosed, growth was supported by higher conversion rates, improved ad tools, and better monetization in large ad markets.
Current Quarter Outlook
Main Business: Performance Advertising and Commerce-Intent Formats
The main business for Pinterest, Inc. continues to be performance-oriented advertising across its visual discovery platform, where intent-rich user behavior lends itself to conversion-focused ad units. In the current quarter, an expanded suite of conversion APIs, improved measurement, and better signal quality are expected to support higher advertiser return on ad spend, which should underpin both revenue growth and margin stability. Seasonal tailwinds from the holiday period typically boost engagement and advertiser budgets, and the company’s ongoing improvements in relevance and shopping integrations are positioned to capture these budgets efficiently. With a prior quarter gross margin at 79.76%, incremental revenue from higher-intent formats should maintain a favorable mix, helping operating income scale toward the estimated EBIT of USD 0.33 billion and supporting adjusted EPS of USD 0.70.
Most Promising Business: Connected TV Expansion via Performance Advertising
Within the performance advertising umbrella, the most promising growth lever is the extension of performance ad capabilities into connected TV. The announced plan to acquire tvScientific introduces a direct pathway to apply Pinterest’s intent signals and creative strengths to the connected TV channel, expanding reach for merchant and brand advertisers while targeting measurable outcomes. While the transaction’s financial impact is flagged as immaterial near term, strategically it can enhance cross-channel attribution, unify campaign measurement, and create a pipeline for conversion-oriented video ad products. This initiative may improve the company’s value proposition for large advertisers that demand omnichannel performance and could contribute to sustained double-digit revenue growth across the broader performance advertising segment once integration expands availability.
Factors Likely to Impact the Stock Price This Quarter
The first factor is top-line performance versus the USD 1.33 billion revenue estimate and the sustainability of mid-teens growth given macro advertising conditions; beats or misses on revenue often drive immediate stock reactions for ad-driven platforms. The second factor is margin trajectory, including whether gross margin remains close to 80.00% and EBIT achieves USD 0.33 billion; improved operating leverage and disciplined expense growth are central to investor confidence. The third factor is user and advertiser engagement metrics, including conversion outcomes from performance ad tools and early signals from connected TV initiatives; credible evidence of durable conversion lift typically supports upward revisions to forward estimates. Investors will also parse commentary on large-market monetization and shopping integrations, which can alter the revenue mix and influence adjusted EPS delivery at USD 0.70.
Analyst Opinions
Analyst and institutional commentary over the last six months is predominantly bullish, with buy ratings from Bernstein, Stifel Nicolaus, Evercore ISI, Benchmark Co., and Bank of America Securities, contrasted by a hold stance from Piper Sandler. The majority view emphasizes continued acceleration in performance advertising, improving conversion efficiency, and a stronger product roadmap that supports mid-teens revenue growth and margin expansion. Bernstein’s Mark Shmulik has reiterated a Buy rating with a USD 40.00 price target, citing execution on performance ad products and better advertiser outcomes that support sustained growth. Evercore ISI’s Mark Mahaney maintains a Buy with a USD 50.00 target, highlighting product improvements and monetization opportunities across shopping and conversion APIs that can support EPS upside relative to the USD 0.70 estimate. Bank of America Securities’ Justin Post underscores strategic partnerships and operational advances that align with a durable growth trajectory, reinforcing the bullish consensus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments