Pinterest raises quarterly revenue forecast, boosted by tvScientific deal

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Pinterest on Wednesday raised its forecast for first-quarter revenue, to reflect a contribution to its financials from the newly acquired connected-TV (CTV) advertising platform tvScientific, sending its shares up more than 3%.

The ‌company’s revised ⁠revenue forecast ⁠range, whose mid-point is above analysts’ estimates, comes less than a ​week of its previous one.

It sees current-quarter revenue between $958 million and $978 ​million, up from an earlier $951 million to $971 million. Analysts expect $964.9 million, according to data compiled by LSEG.

Pinterest also cut its ​adjusted EDITDA forecast to a ⁠range of $163 million ‌to $183 million, from $166 million to $186 million, as ​it factors ​in integration-related expenses and upfront investment tied to ⁠the tvScientific deal.

The company’s revised forecasts come ​after a difficult week for its stock, which ​fell more than 20% after Pinterest warned that earnings would be pressured by tariffs weighing on major U.S. retailers, intensifying concerns that advertisers may pull back heading into the quarter.

The company’s stock is now down more ‌than 40% this year, underscoring investor anxiety about softer spending by large advertisers and increased competition across ​the digital ​ads market.