In its recent fourth-quarter earnings report, Pinterest’s CEO Bill Ready highlighted the platform’s impressive search capabilities compared to the AI chatbot ChatGPT. Ready noted that Pinterest registers 80 billion searches monthly, surpassing ChatGPT’s 75 billion searches. Moreover, Pinterest generates 1.7 billion monthly clicks, with over half of its searches having commercial intent, in contrast with ChatGPT’s approximately 2% commercial searches.
Despite these strong search figures, Pinterest fell short of revenue and earnings per share expectations for the fourth quarter, reporting $1.32 billion in revenue and 67 cents per share, below the projected $1.33 billion and 69 cents, respectively. The company also provided a cautious outlook for the first quarter of 2026, estimating sales between $951 million to $971 million, lower than the expected $980 million.
The disappointing results were attributed to reduced spending by major advertisers, particularly in Europe, and challenges stemming from a new furniture tariff introduced in October affecting the home category. Although Pinterest’s user base grew by 12% year-over-year to 619 million, exceeding Wall Street’s forecast of 613 million users, the stock plummeted by 20% in after-hours trading.
Source: TechCrunch