Pinterest raises quarterly revenue forecast, boosted by tvScientific deal

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.