Snap no longer has a deal with Perplexity, the company revealed on Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen Perplexityâs AI search engine integrated directly into Snapchat. Perplexity was set to pay Snap $400 million in cash and equity over one year as part of the deal.
â When Snap announced the deal as part of its third-quarter earnings last year, it said it expected revenue from the partnership to begin contributing to its financials in 2026. The deal would have seen Perplexity integrated into Snapchatâs âChatâ interface, allowing users to ask questions and receive conversational answers directly within the app. â Perplexity did not immediately respond to TechCrunchâs request for comment.
Snap revealed on Wednesday that Snapchatâs global daily active users (DAU) rose 5% year-over-year to 483 million, while monthly active users (MAU) also grew 5% to reach 965 million. The company attributed the growth to new features across the app, including Snap Map and its Lenses AR filters. âIn Q1, we returned to growth in daily active users, accelerated revenue growth, expanded margins, and generated strong free cash flow,â Spiegel said in a press release.
â Snap said in April that it was laying off roughly 16% of its global workforce, impacting around 1,000 full-time employees, citing advancements in AI for the cuts.
