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Snap says its $400M deal with Perplexity ‘amicably ended’

Snap reported first-quarter revenue of $1.53 billion, up 12 percent year over year and matching analyst expectations. The company also said it has terminated its $400 million agreement with Perplexity. The deal, announced in November, was described by Snap as having ended amicably.

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  1. TechMeme·
    Snap reports Q1 revenue up 12% YoY to $1.53B, in line with est., and says it ended its $400M Perplexity deal announced in November; SNAP drops 4%+ after hours (Jonathan Vanian/CNBC)
  2. Engadget·
    Snap's $400 million deal with Perplexity is dead
  3. TechCrunch·
    Snap says its $400M deal with Perplexity ‘amicably ended’