Business Context and Reporting Period
Pinterest, Inc. filed a Form 8-K on February 17, 2026, reporting the closing of its previously announced acquisition of tvScientific, Inc. This filing updates the company's financial outlook for the first quarter of 2026 to reflect the partial-quarter contribution of the acquired entity.
Key Financial Metrics and Guidance
Following the acquisition, Pinterest updated its guidance for the first quarter of 2026 as follows:
- Revenue: $958 million to $978 million.
- Adjusted EBITDA: $163 million to $183 million.
The filing does not provide historical revenue, profit, cash flow, debt, or liquidity figures for the current or prior periods. It also does not provide a GAAP reconciliation for the forward-looking Adjusted EBITDA guidance due to uncertainty regarding reconciling items such as share-based compensation and income taxes.
Material Changes
The primary material change is the inclusion of tvScientific's expected partial-quarter financial contribution in the Q1 2026 guidance. No other material changes to historical financial results or balance sheet items are detailed in this specific filing.
Outlook, Risks, and Contingencies
Management highlighted significant risks and uncertainties that could cause actual results to differ from the forward-looking statements. Key risks include:
- General economic uncertainty, inflation, and global market conditions.
- Ability to attract, retain, and engage users and advertisers.
- Cybersecurity threats and data privacy compliance.
- Challenges related to artificial intelligence (AI) development and management.
- Disruptions in third-party infrastructure, specifically Amazon Web Services.
- Success in realizing anticipated benefits from the tvScientific combination.
The company noted that material changes to reconciling items could significantly affect future GAAP results.
Investor Verification Checklist
- Verify the integration timeline and expected full-year contribution of tvScientific to Pinterest's consolidated financials.
- Review the Q1 2026 GAAP reconciliation once available to understand the impact of share-based compensation and taxes on the Adjusted EBITDA guidance.
- Monitor the company's ability to realize synergies from the acquisition as outlined in the risk factors.
- Assess the impact of global economic conditions on advertising spend and user engagement metrics.