Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty

Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.

# Snap issues cautious guidance as Perplexity deal ends, Middle East 'geopolitical situation' causes uncertainty Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/06/snap-q1-earnings-report-2026.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*