Snap beats revenue estimates on ad boost, unveils deal with Perplexity AI
Snap beat third-quarter revenue estimates on Wednesday and said it has partnered with Perplexity AI to integrate its artificial intelligence-powered search engine into Snapchat.
AI startup Perplexity will pay Snap $400 million over one year in cash and equity, with revenue contributions expected from 2026.
Snap shares jumped around 21% in extended trading.
