Core Insights - Pinterest's CEO Bill Ready highlighted the platform's search volume, claiming it surpasses that of ChatGPT, with 80 billion searches per month compared to ChatGPT's 75 billion [1][2] - The company reported a revenue of $1.32 billion for Q4, slightly below the expected $1.33 billion, and earnings per share of 67 cents, missing the projected 69 cents [3] - Pinterest's first-quarter 2026 sales forecast is between $951 million to $971 million, which is below the expected $980 million [3] Financial Performance - Pinterest's Q4 revenue fell short of expectations, attributed to larger advertisers reducing spending, particularly in Europe, and a new furniture tariff affecting the home category [4] - Despite a 12% year-over-year increase in monthly active users to 619 million, exceeding Wall Street's forecast of 613 million, the company still missed earnings expectations [4] Market Position and Challenges - Pinterest is positioned as one of the largest search destinations globally, with over half of its searches being commercial in nature, compared to approximately 2% for ChatGPT [2] - The platform faces challenges in converting high user engagement into advertising revenue, as users typically visit Pinterest for planning rather than immediate purchasing [7] Strategic Initiatives - To adapt to the shift towards AI-powered shopping, Pinterest is focusing on enhancing its visual search, discovery, and personalization features to guide users to relevant products [8] - The company has partnered with Amazon to streamline the checkout process, indicating readiness to adapt to future AI-driven purchasing behaviors [9]

And we're about 2 minutes away from the end of the trading day. Bailey Lipschultz and Katie Greifeld Romaine Bostick is still on the line here to join us, though, in this simulcast suits or something, some level, something like that. You know, I talked to him yesterday.It looks like he's having a pretty good time. But anyway, that's Carol Massar. Sitting next to her is Tim Sandvik.And Carol, you take a look at this market action. It's ugly out there and it looks like the S&P 500 are going to finish just aro ...

The social-media company recorded a profit of $277.1 million, and expects growth to decelerate further in the current quarter. ...

Pinterest (NYSE:PINS) Q4 2025 Earnings call February 12, 2026 04:30 PM ET Company ParticipantsAndrew Somberg - VP of Investor Relations and TreasurerBill Ready - CEOBrian Nowak - Managing DirectorEric Sheridan - Managing DirectorJulia Donnelly - CFORon Josey - Managing DirectorConference Call ParticipantsColin Sebastian - Baird logo Managing Director and Senior Research Analyst for Internet and Digital MediaDoug Anmuth - Managing Director and Internet AnalystJustin Patterson - Managing Director and Equity R ...

Financial Data and Key Metrics Changes - In Q4 2025, global revenue reached $1.319 billion, reflecting a 14% year-over-year increase or 13% on a constant currency basis [32] - Adjusted EBITDA for Q4 was $542 million, with an Adjusted EBITDA margin of 41%, up 20 basis points year-over-year [34] - Free cash flow for the full year 2025 increased by 33% to $1.25 billion, representing a free cash flow conversion of 99% [35] Business Line Data and Key Metrics Changes - The U.S. and Canada region generated $979 million in revenue, growing 9%, while Europe saw revenue of $245 million, growing 25% [32][33] - Revenue from the Rest of World markets was $96 million, growing 64% [33] - Ad impressions grew by 41% in Q4, but ad pricing declined by 19% year-over-year due to a mix shift towards under-monetized international markets [33] Market Data and Key Metrics Changes - Global monthly active users (MAUs) reached 619 million, up 12% year-over-year, marking the tenth consecutive quarter of record-high users [31] - The U.S. and Canada region had 105 million MAUs, growing 4%, while Europe had 158 million MAUs, growing 9%, and the Rest of World markets had 356 million MAUs, growing 16% [31] Company Strategy and Development Direction - The company aims to broaden its revenue mix and accelerate sales transformation, focusing on mid-market and SMB advertisers [8][22] - AI is positioned at the core of the company's strategy, enhancing user experiences and optimizing internal operations [9][16] - The acquisition of tvScientific is intended to leverage high-intent audiences beyond Pinterest's own surfaces, expanding monetization opportunities [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with Q4 revenue performance, attributing it to external factors like tariffs affecting ad spend from large retailers [7][17] - The company is focused on improving monetization to reflect user engagement strength, with plans to enhance sales and go-to-market strategies [19][20] - Management remains optimistic about long-term growth potential, emphasizing the need for execution improvements to match user engagement with revenue [29][42] Other Important Information - The company has made significant progress in expanding its Taste Graph, which grew by nearly 40% in 2025, enhancing content relevance and recommendations [13] - Approximately 50% of new code is AI-generated, reflecting the company's commitment to leveraging AI for operational efficiency [16] Q&A Session Summary Question: Can you talk more about the drivers of Q4 revenue and the Q1 guidance? - Management noted that larger retail advertisers created a headwind in Q4 as they pulled back on ad spend, impacting revenue more significantly due to the current revenue mix [47] Question: How is the new go-to-market team likely to drive wallet share and digital advertising for Pinterest? - The new team is focused on broadening revenue, particularly across mid-market and SMB advertisers, and enhancing measurement and technical capabilities within the sales organization [53][56] Question: Can you discuss the necessary tech investment to broaden the advertiser base? - Management indicated that significant tech investment is required to deepen the advertiser base and enhance performance selling capabilities, particularly for SMBs [59][64]

Financial Data and Key Metrics Changes - In Q4 2025, global revenue reached $1.319 billion, reflecting a 14% year-over-year increase or 13% on a constant currency basis [31] - Adjusted EBITDA for Q4 was $542 million, with an Adjusted EBITDA margin of 41%, up 20 basis points year-over-year [33] - Free cash flow for the full year 2025 increased by 33% to $1.25 billion, representing a free cash flow conversion of 99% [34] Business Line Data and Key Metrics Changes - The company ended Q4 with 619 million global monthly active users (MAUs), a 12% increase year-over-year, marking the tenth consecutive quarter of record-high users [30] - In Q4, ad impressions grew by 41%, while ad pricing declined by 19% year-over-year, primarily due to a mix shift from growing ad impressions in under-monetized international markets [32] - Revenue from the US and Canada was $979 million, growing 9%, while Europe saw revenue of $245 million, growing 25% [31] Market Data and Key Metrics Changes - The US and Canada region had 105 million MAUs, growing 4%, Europe had 158 million MAUs, growing 9%, and the rest of the world had 356 million MAUs, growing 16% [30] - Revenue from the rest of the world was $96 million, growing 64% on a reported and constant currency basis [32] Company Strategy and Development Direction - The company aims to broaden its revenue mix and accelerate growth with mid-market, SMB, and international advertisers, moving away from a heavy reliance on large retailers [19][21] - The introduction of new leadership, including a Chief Business Officer, is expected to enhance monetization efforts and sales execution [20] - The company is focused on leveraging AI to improve user experiences and optimize internal operations, with AI at the core of its strategy [7][16] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with Q4 revenue performance, attributing it to external factors such as tariffs affecting ad spend from top retail advertisers [5][17] - The company anticipates continued headwinds in Q1 due to the same dynamics impacting large retailers and is undergoing a sales and go-to-market transformation [44] - Management remains optimistic about long-term growth potential, citing strong user engagement and the need to close the monetization gap [66][74] Other Important Information - The company has made significant progress in AI initiatives, with approximately 50% of new code being AI-generated [16] - The acquisition of tvScientific is expected to enhance monetization opportunities beyond Pinterest's own surfaces [24] Q&A Session Summary Question: Can you talk more about the drivers of Q4 revenue and the Q1 guidance? - Management noted that larger retail advertisers created a headwind in Q4 as they pulled back on ad spend, which is expected to continue into Q1 [43][44] Question: How is the new go-to-market team likely to drive wallet share and digital advertising for Pinterest? - The new team is focused on broadening revenue and improving performance selling capabilities, particularly among mid-market and SMB advertisers [48][49] Question: What tech investment is necessary to broaden and deepen the advertiser base? - Management indicated that significant tech investment is needed to enhance measurement and attribution capabilities, which are crucial for attracting a broader advertiser base [55][61]

Q4 2025 Earnings Report © 2026 Pinterest. All rights reserved. Non-GAAP Financial Measures To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we use the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP costs and expenses (including non-GAAP cost of revenue, research and development, sales and marketing, and general and administrative) ...

Pinterest projected current-quarter sales that fell short of Wall Street estimates, just weeks after announcing layoffs and a pivot toward AI products https://t.co/4iuDN0XkuX ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________ FORM 10-K _________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-38872 Pinterest, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-3607129 (State or O ...

Core Insights - Pinterest has forecasted first-quarter revenue below estimates, highlighting its ongoing challenges in attracting advertising dollars compared to larger competitors in the market [1] Company Summary - The image-sharing platform is struggling to compete for advertising revenue against well-funded platforms [1]