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Investors Should Dump Snap Stock As Fast As They Can
Snap said its second-quarter outlook excludes Perplexity revenue as shares fell about 4% after first-quarter results.
- On Wednesday, Snap reported first-quarter revenue grew 12% to $1.53 billion, but shares fell about 4% after the company confirmed it ended its $400 million partnership with AI startup Perplexity.
- Announced last November, the partnership aimed to integrate Perplexity's AI search engine into Snapchat, but the companies "amicably ended the relationship" earlier this year, citing product goal mismatches.
- Geopolitical headwinds from the war in Iran cost Snap between 20 and 25 million dollars in advertising revenue during March, though adjusted EBITDA more than doubled to $233 million.
- CEO Evan Spiegel continues prioritizing the company's "AI-driven transformation," protecting the Specs augmented reality glasses subsidiary while cutting costs to fund long-term intelligent eyewear development.
- Snap's second-quarter sales guidance ranges from $1.52 billion to $1.55 billion as the company faces a competitive digital advertising market where scale and AI-powered targeting increasingly dictate growth.
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14 Articles
Investors Should Dump Snap Stock As Fast As They Can
The post Investors Should Dump Snap Stock As Fast As They Can appeared first on 24/7 Wall St.. Quick Read CEO Ruined Company Too Small Compared With Facebook Losses Won’t Stop The analyst who called NVIDIA in 2010 just named his top 10 stocks and Snap wasn't one of them. Get them here FREE. Snap (NASDAQ: SNAP), owner of Snapchat, just posted another trainwreck of a quarter. The stock is down almost 35% this year, 29% over the last year, and…
·New York, United States
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Snap Q1 2026: Iran war costs $20-25M monthly in ad revenue, Perplexity $400M deal ends, 16% workforce cut as AR glasses bet intensifies
Snap's Q1 revenue grew 12% but stock fell 4%. Iran war cost $20-25M in March ad revenue. Perplexity AI deal ended. 1,000 jobs cut. Specs AR glasses launch is the last bet.
·Amsterdam, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources14
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
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