Amid disappointing earnings, Pinterest claims it sees more searches than ChatGPT
TechCrunch • • business
Key Points:
- Pinterest CEO Bill Ready compared the platform to ChatGPT, highlighting that Pinterest sees 80 billion searches per month versus ChatGPT's 75 billion, with over half of Pinterest's searches being commercial in nature compared to about 2% for ChatGPT.
- Pinterest missed fourth-quarter revenue and earnings expectations, reporting $1.32 billion in revenue and 67 cents per share, below forecasts, and projected first-quarter 2026 sales below Wall Street estimates due to reduced advertiser spending and a new furniture tariff.
- Despite the earnings miss, Pinterest's monthly active users grew 12% year-over-year to 619 million, surpassing analyst expectations, but shares dropped 20% in after-hours trading.
- The company faces challenges converting
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