tech
February 13, 2026
Amid disappointing earnings, Pinterest claims it sees more searches than ChatGPT
Pinterest's stock tumbles after an earnings miss, with higher-than-expected usage its only bright spot.
TL;DR
- Pinterest missed fourth-quarter revenue and earnings expectations and forecast lower-than-expected first-quarter 2026 sales.
- CEO Bill Ready asserted that Pinterest sees more search volume than ChatGPT and that a larger percentage of its searches are commercial.
- The company's stock dropped 20% in after-hours trading following the earnings report.
- Pinterest blamed its shortfall on reduced advertiser spend, particularly in Europe, and a new furniture tariff.
- Despite financial misses, Pinterest exceeded user growth expectations, with monthly active users up 12% year-over-year.
- Pinterest faces a long-standing challenge in translating platform usage into ad revenue, with users often using it for planning rather than immediate purchasing.
- Ready highlighted Pinterest's visual search and discovery features as ways to guide users toward commercial journeys without explicit prompts, and mentioned a partnership with Amazon for checkout.
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