From CNBC:

Pinterest shares dropped in extended trading after missing revenue expectations. Fourth-quarter revenue was $981 million, up 12% from last year, and net income soared to $201 million. Monthly active users increased by 11% to 498 million, but average revenue per user was lower than expected at $2. First-quarter revenue is forecasted to be between $690 million and $705 million, below analyst estimates. The stock initially fell 28% before clawing back some gains. Other tech companies are thriving in the digital advertising market, but not all. Snap shares plummeted 35% after reporting weak sales growth and guidance. Pinterest previously slashed 5% of its workforce and saw operating costs drop about 10% from last year.



Read more: Pinterest (PINS) Q4 2023 earnings report