"We delivered record revenue in 2025, with users reaching all-time highs for ten consecutive quarters and more than 80 billion monthly searches on our platform, as we continue to deliver strong innovation in visual search using AI. We are excited to continue our partnership with Elliott for the next phase of Pinterest's growth. Elliott's investment is a strong vote of confidence in the work we have done to build our business and the significant opportunities ahead for Pinterest."
"Elliott's increased investment signals a belief in Pinterest's turnaround strategy. Specifically, its aggressive bet on AI. Recent initiatives include AI-powered visual search that allows users to snap a photo or select an image and instantly receive recommendations for similar items, home decor ideas, and fashion inspiration. The company also leverages AI for personalized recommendations, to improve content moderation, as well as creative tools for advertisers."
Elliott Investment Management has increased its stake in Pinterest to $1 billion, with the investment announced on Tuesday. CEO Bill Ready highlighted record 2025 revenue, all-time high user counts for ten consecutive quarters, and 80 billion monthly searches as evidence of the platform's strength. Pinterest will execute a $1 billion accelerated share repurchase and fund a broader $3.5 billion buyback program. The stock rose 6% in premarket trading. This investment comes despite Pinterest facing significant headwinds including stock decline, disappointing earnings, 15% workforce layoffs, declining ad revenue, and competition from AI chatbots. Elliott's increased commitment reflects belief in Pinterest's AI-focused turnaround strategy, including AI-powered visual search, personalized recommendations, content moderation improvements, and advertiser creative tools.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]