PINTEREST, INC. 8-K

What Happened

• Pinterest, Inc. (PINS) filed an 8-K on February 18, 2026, reporting it closed its previously announced acquisition of tvScientific, Inc. The company updated its first-quarter 2026 guidance to reflect the expected partial-quarter contribution from tvScientific: revenue of $958 million to $978 million and Adjusted EBITDA of $163 million to $183 million.
• Pinterest noted it did not provide a forward-looking GAAP equivalent or a reconciliation for the Adjusted EBITDA range, citing uncertainty and potential variability in reconciling items such as share‑based compensation and income taxes.

Key Details

• Acquisition closed: tvScientific, Inc. (closing date reported in the 8-K: February 18, 2026).
• Q1 2026 revenue guidance: $958M to $978M (updated to include partial-quarter tvScientific contribution).
• Q1 2026 Adjusted EBITDA guidance: $163M to $183M (non‑GAAP; no forward-looking GAAP reconciliation provided).
• Filing: Regulation FD disclosure (Item 7.01) with standard forward‑looking statement risk factors referenced and available in the company’s 2025 Form 10-K.

Why It Matters

• The acquisition and the updated guidance give investors a near-term view of how Pinterest expects tvScientific to contribute to revenue and profitability in Q1 2026. The provided ranges set expectations for upcoming quarterly results and investor guidance.
• Because Pinterest did not supply a GAAP reconciliation for the Adjusted EBITDA projection, investors should be aware that material reconciling items (e.g., share-based compensation, taxes) could significantly affect reported GAAP results; the absence of a reconciliation means uncertainty remains about the full GAAP impact.