Pinterest Misses Q4 Earnings; Claims 80B Searches vs ChatGPT, 20% Drop in After-Hours Trading

Pinterest reported fourth-quarter revenue of $1.32B, missing $1.33B expectations, and EPS of 67¢, below 69¢ forecast. The company said searches on its platform reached 80B monthly, versus 75B for ChatGPT, with over half commercial and 1.7B monthly clicks. First-quarter 2026 revenue guidance of $951M-$971M is below $980M estimates, citing soft spending in Europe and a new furniture tariff. Shares fell 20% in after-hours trading as the AI shopping shift and user-driven intent to buy outpace Pinterest’s ability to convert traffic into ad revenue. CEO Bill Ready highlighted visual search, discovery, and personalization, plus an easier checkout via Amazon, as competitive advantages in the evolving commerce landscape.