Pinterest Q4 Revenue Rises 9% to $773M, Misses by $5M as Searches Top 15B
Pinterest reported fourth-quarter revenue of $773 million, up 9% year-over-year but missing consensus by $5 million, while adjusted EPS of $0.32 fell short of the $0.33 estimate. The platform said it now handles over 15 billion searches monthly, surpassing ChatGPT’s volume as it eyes search-driven ad growth.
1. Q4 Financial Results
Pinterest’s fourth-quarter revenue reached $773 million, marking a 9% increase from a year earlier but falling $5 million short of analyst projections. Adjusted EPS came in at $0.32, below the $0.33 consensus, while monthly active users remained flat at 489 million as ad load growth lagged expectations.
2. Search Volume Milestone
The company announced it now processes over 15 billion searches per month, eclipsing ChatGPT’s estimated 12 billion monthly queries. Pinterest plans to accelerate development of its search product and integrate more keyword-targeted ads, aiming to turn higher search volume into incremental ad revenue.