6 May 2026

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)

Jonathan Vanian / CNBC:
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  —  Snap shares dropped about 4% in extended trading after the company reported first-quarter earnings on Wednesday …

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