Pinterest (NASDAQ:PINS) boosted its first-quarter revenue forecast to reflect early contributions from its newly acquired connected-TV advertising platform tvScientific, lifting shares more than 3% in early trading as investors welcomed signs of diversification amid a challenging digital advertising environment.
The social media company now expects current-quarter revenue of $958 million to $978 million, up from its prior range of $951 million to $971 million issued less than a week earlier.
The new midpoint of $968 million exceeds the $964.9 million average analyst estimate compiled by LSEG.
Pinterest attributed the upward revision to initial revenue from tvScientific, whose outcome-based CTV buying platform was integrated following the deal's closure in early 2026.
The company simultaneously trimmed its adjusted EBITDA guidance for the quarter to $163 million to $183 million from $166 million to $186 million, citing integration-related expenses and upfront investment tied to the tvScientific acquisition.
The revised range still centers near consensus expectations.
The updated forecasts follow a turbulent period for Pinterest shares, which had fallen more than 20% in the prior week after the company warned that earnings would face pressure from tariffs impacting major U.S. retailers—raising concerns that advertisers could pull back spending heading into the seasonally important first quarter.
The stock is now down more than 40% year to date, reflecting broader investor unease over softer spending by large advertisers and intensifying competition in the digital ads market.