Investing.com -- Pinterest Inc (NYSE: PINS) reported first-quarter results that exceeded Wall Street expectations, with adjusted earnings per share of $0.27 beating the analyst estimate of $0.23 by $0.04. Revenue reached $1.01 billion, surpassing the consensus estimate of $965.44 million and marking an 18% increase from $855 million in the same quarter last year.

Shares of Pinterest surged 16.7% in after-hours trading Monday following the announcement.

The company’s global monthly active users hit an all-time high of 631 million, representing 11% YoY growth and marking the tenth consecutive quarter of double-digit user expansion. For the second quarter of 2026, Pinterest expects revenue between $1.133 billion and $1.153 billion, representing 14%-16% YoY growth. The midpoint of $1.143 billion exceeds the analyst consensus of $1.12 billion. The company also forecast second-quarter adjusted EBITDA in the range of $256 million to $276 million.

"We delivered a strong start to 2026, with Q1 revenue surpassing $1 billion, up 18% year over year, and global monthly active users growing to 631 million, our tenth consecutive quarter of double-digit user growth," said Bill Ready, CEO of Pinterest. "Pinterest is where online discovery leads to real-world action, and we’re seeing continued momentum driven by our differentiated visual search product experiences."

The company reported adjusted EBITDA of $207 million for the first quarter, up 20% from $172 million in the prior-year period. However, Pinterest posted a GAAP net loss of $74 million, compared to net income of $9 million in the first quarter of 2025. Free cash flow totaled $312 million, down 13% from $356 million a year earlier.

Pinterest completed $2 billion in share repurchases during the quarter as previously announced. Revenue growth was particularly strong in the Rest of World segment, which increased 59% YoY to $72 million, while Europe revenue grew 27% to $186 million.