Pinterest highlights its transformation into an AI-powered visual shopping assistant, achieving record user growth and addressing revenue challenges. The company outlines its focus on enhancing user experience, AI integration, and accelerating monetization strategies for future growth.

Discusses Pinterest's strategy in using AI to enhance visual search, discovery, and shopping, emphasizing the growth of engagement, relevance, and advertiser performance. Highlights the development of proprietary AI models and the introduction of Pinterest Assistant, aiming to improve user experience and internal efficiencies.

Pinterest addresses revenue growth challenges by shifting focus to mid-market and SMB advertisers, enhancing its performance ad platform, and integrating advanced bidding systems. The company aims to broaden its revenue base, improve sales sophistication, and leverage acquisitions like TV Scientific for connected TV advertising, all under new leadership, to capture larger budget pools and drive sustainable growth.

The dialogue highlights Pinterest's strategic focus on user trust and wellbeing, particularly for young users, as a key driver of its user growth. It outlines the company's financial performance, including revenue growth and user metrics across different regions, and emphasizes investments in AI and sales force expansion. The summary also touches on challenges in Europe due to macroeconomic factors and discusses the impact of ad pricing and impressions on revenue.

The company reported robust Q4 and full year 2025 financial results, highlighted by a significant increase in free cash flow and share repurchases. Guidance for Q1 2026 includes revenue growth, adjusted EBITDA, and planned investments in sales transformation and AI. The update also mentions the anticipation of regulatory approval for the TV Scientific transaction.

The company outlines its strategic focus on high ROI investments in AI, organizational restructuring for efficiency, and acquisition impacts, aiming to sustain profitability and achieve long-term growth targets amidst competitive market dynamics.

The dialogue discusses the impact of large retail advertisers reducing ad spend in Q4, affecting the platform more than expected due to its revenue mix. It also covers the anticipated continuation of these headwinds into Q1, including Europe, and the effects of a recent restructuring. The conversation outlines strategies for overcoming these challenges and highlights the role of new leadership in driving future growth.

Discusses restructuring the sales team to focus on mid-market, enterprise, and SMB advertisers, international markets, and improving measurement capabilities. Emphasizes the need for faster adaptation and resource allocation to capture larger long-term opportunities, with expected results materializing over several quarters.

Discusses the strategic focus on broadening the advertiser base, particularly targeting SMBs and mid-market enterprises, enhancing product offerings for automated campaigns, and leveraging strong user engagement metrics to drive ad revenue growth. Highlights the importance of measurement and attribution in attracting new advertisers and the ongoing efforts to simplify the onboarding experience.

The dialogue emphasizes the rapid growth of a performance ad platform, highlighting the gap between user engagement and monetization capabilities. It discusses the evolution of the sales organization to match technical and measurement demands, focusing on opportunities in midsized retailers, SMBs, and international markets. The speaker expresses confidence in the long-term potential of the business, citing unique search volumes and clear strategies for monetization.

The dialogue discusses how Pinterest envisions its role in the competitive digital advertising market, emphasizing its unique curation signal, full-funnel platform, and high commercial intent audience, as AI and automation reshape the industry.

Discusses monetization potential in visual search, emphasizing high commercial intent, unique AI models, and broadening advertiser base, while acknowledging near-term challenges and long-term growth prospects.

The discussion focuses on the adjusted EBITDA outlook for the year, highlighting intentional investments in GPU capacity for AI initiatives, anticipated savings from restructuring, and the impact of acquiring TV Scientific on margins. The strategy aims for roughly flat margins for the standalone business, considering the reinvestment of savings and the drag from the acquisition, with a medium to long-term target of reaching 30% to 34% margins.

Discussed the current go-to-market approach for SMBs and international advertising, emphasizing the need for performance ads platform improvements and better measurement integrations. Highlighted the expected disruption from recent organizational changes impacting frontline sellers and measurement teams, with guidance for Q1 accounting for a temporary productivity dip during the transition.

The dialogue discusses how Pinterest leverages agentic commerce to enhance user experience by removing friction in the purchasing process. By utilizing visual search, personalization, and AI-driven recommendations, Pinterest helps users discover products they love without the need for explicit prompts. The platform has introduced features like Pinterest Assistant for voice interaction and seamless single-tap purchases, significantly boosting user engagement and commercial intent. While fully autonomous shopping journeys are less in demand, the focus remains on assisting users where they need help most, ensuring a frictionless buying process when they're ready to confirm purchases.

The acquisition of TV Scientific by Pinterest aims to enhance its advertising capabilities by integrating high-intent search with connected TV, opening up larger budget pools and accelerating growth. Pinterest is also revamping its go-to-market strategy to focus on faster-growing areas, improve execution, and better serve SMBs and international markets, with leadership in place to drive this transformation.

The earnings call concludes with appreciation for participants, emphasizing continued dialogue and goodwill for the remainder of the day.