Snap flags ad revenue hit from Middle East conflict, slower North America growth

Snap said on Wednesday its first-quarter advertising revenue was impacted by the conflict in the Middle East and slowing growth in North America, sending its shares 7% lower in ‌extended trading.

The Snapchat ⁠parent ⁠also announced an end to a $400 million dealwith AI startup Perplexity. The deal, aimed at offering answers ​to users’ questions within the Snapchat app, was unveiled in November.