Technologies

Snap Offers Conservative Outlook Amid Perplexity Partnership Termination and Middle East Geopolitical Concerns

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’s stock fell roughly 4% during after-hours trading following the release of its first-quarter financial results on Wednesday, which included a conservative sales forecast and the announcement that its agreement with generative AI firm Perplexity has concluded.

Here’s how Snap’s performance stacked up against Wall Street’s forecasts:

— Earnings per share: A loss of 5 cents, which isn’t directly comparable to analyst projections.

— Revenue: $1.53 billion, matching the $1.53 billion anticipated by LSEG.

— Global daily active users: 483 million, surpassing the 475.6 million forecast by StreetAccount.

— Global average revenue per user (ARPU): $3.17, slightly below the $3.20 expected by StreetAccount.

Snap’s first-quarter revenue grew 12% compared to the same period last year, while its net loss narrowed to $89 million, down 36% from the $139.6 million reported in the prior year.

In an investor letter, the company noted that “major advertisers in North America continued to pose challenges to advertising growth” during the quarter. Although Snap is “not pleased with this result,” it is “starting to observe positive indicators that this segment is recovering.”

Global daily active users (DAU) increased 5% year over year, a gain Snap credited to recent product enhancements including updates to its Lenses digital filters and Snap Map. Earlier in February, Snap had reported a quarterly decline of 3 million global DAUs, citing reduced marketing expenditures and the impact of Australia’s social media minimum age legislation.

“In Q1, we returned to growth in daily active users, accelerated revenue growth, expanded margins, and generated strong free cash flow,” Snap CEO Evan Spiegel stated.

Snap projected second-quarter sales between $1.52 billion and $1.55 billion. The midpoint of this range aligns closely with analyst estimates of $1.54 billion.

The investor letter clarified that the sales guidance “excludes any contribution from Perplexity as we amicably ended the relationship in Q1,” referencing the $400 million partnership announced in November. Snap shares had surged 15% after revealing the Perplexity deal during its third-quarter earnings report, with executives then stating that “Revenue from the partnership is expected to begin contributing in 2026.”

Snap also indicated that its second-quarter revenue guidance “assumes the operating environment in the Middle East remains consistent relative to the magnitude of the headwinds we have experienced in March and April.” However, the company cautioned that “the trajectory of the geopolitical situation in the region is uncertain.”

In April, Snap announced it would reduce its workforce by approximately 16% and halt hiring for 300 open roles, while advancing its “AI-driven transformation.”

Pinterest reported its latest quarterly earnings on Monday, exceeding expectations on both the top and bottom lines. However, CFO Julia Donnelly told analysts that “large retailers remained a headwind to growth” as they face the brunt of President Donald Trump’s stringent tariffs.

Reddit disclosed its first-quarter earnings last Thursday, showing revenue surged 69% year over year to $663 million. CEO Steve Huffman noted this marked seven consecutive quarters of sales growth exceeding 60%.

Meta and Alphabet also released their most recent quarterly earnings last Wednesday, with both beating on sales. While both tech giants announced plans to increase AI infrastructure spending this year, investors responded more positively to Alphabet, whose stock rose, whereas Meta’s fell.

WATCH: Here’s which AI-focused tech giant has the most to prove after the latest round of earnings.

Technologies

Verum Messenger Launches an AI Mini-Series

Verum Messenger has unveiled a new project — a mini-series created using Verum AI. The story consists of 7 episodes and will be released on the messenger’s social media channels.

The plot revolves around a global corporation seeking to take control of digital communications and a group of heroes who use Verum Messenger as a tool of resistance. Beyond the story itself, the series highlights the app’s key features, technologies, and advantages.

Combining entertainment with a showcase of the Verum ecosystem, the project presents a dynamic digital series designed for the modern era.

The first episode premieres today, with the remaining episodes to be released over time.

Stay tuned for more.

Watch on YouTube
Watch on Instagram

Technologies

Verum Finance: Earn While You Communicate — The Super App That Pays You

Verum has officially launched Verum Finance, an innovative financial application that transforms a private messenger into a true financial super app. News of the launch was also featured on the respected platform Dealroom.co.

Verum Finance can now be used both within Verum Messenger and as a standalone application for iPhone and iPad. When users sign in to Verum Finance with their Verum Messenger account, all balances, settings, and account data are automatically synchronized for maximum convenience.

Users can now do more than communicate securely and protect their data — they can also generate passive income directly within the ecosystem.

What Verum Finance Offers

• Top up your balance with a bank card, Apple Pay, or USDT
• Send money instantly anywhere in the world
• Issue and manage debit cards (virtual and physical)
• Full Apple Pay support
• Exchange assets and withdraw funds quickly

One of the most unique features is the built-in cryptocurrency mining system inside Verum Messenger.

The application utilizes your device’s resources and allows you to earn cryptocurrency in the background — passively, while chatting, traveling, or simply using the messenger.

Maximum Privacy + Real Freedom

• Registration without a phone number, email address, or passport
• End-to-end encryption and full control over your data
• Lifetime free VPN
• eSIM connectivity in more than 150 countries
• Reliable offline communication mode
• Support for 12+ languages for users worldwide

Everything is available in one place: secure communication, financial tools, earning opportunities, and privacy protection.

Users can access the full experience directly within Verum Messenger or switch to the dedicated Verum Finance app for iOS. All data is synchronized automatically between the two applications.

Why Download Verum Today

While many messaging platforms collect user data and expose users to restrictions, Verum offers greater independence and the opportunity to earn.

With a one-time purchase of the feature package, users receive lifetime access to privacy tools, VPN, eSIM services, cryptocurrency mining, and financial features.

This is more than just a messenger.

It is your personal tool for financial and digital freedom.

Download Verum Finance and Verum Messenger today — start communicating securely and begin earning tomorrow.

Download Links:

→ App Store (iPhone / iPad): Verum Finance
→ App Store (Verum Messenger): Verum Messenger

Technologies

Verum Finance: A Super App for Private Finance Integrated Into a Messenger

Verum Finance has announced the launch of a new financial application that allows users to manage their money directly within the secure Verum Messenger ecosystem.

The project has already attracted attention from major media outlets. A dedicated feature was published by Forbes Türkiye, while one of the world’s largest cryptocurrency exchanges, MEXC, covered the launch. Yahoo Finance had previously reported on the evolution of Verum Messenger into a comprehensive financial ecosystem.

What Verum Finance Offers

Verum Finance transforms a messenger into a complete financial platform. Users can:

• Manage their balance and top up using bank cards or USDT
• Send money instantly to other Verum users
• Issue and use debit cards, including Apple Pay support
• Exchange assets and withdraw funds
• Access all these services without installing separate banking applications

A strong emphasis is placed on privacy. The platform offers registration without a phone number or email address, end-to-end encryption, and full user control over personal data.

Recognition from Forbes Türkiye

In a dedicated article, Forbes Türkiye highlighted Verum Finance as a notable example of modern privacy-driven fintech. The publication emphasized the growing trend of financial services moving from standalone banking applications into unified messaging ecosystems — a model that has proven successful in Asia through platforms such as WeChat and Alipay and is now expanding globally.

Support from the Crypto Community

Alongside the Forbes Türkiye coverage, news about the launch of Verum Finance was also featured by MEXC, one of the world’s leading cryptocurrency exchanges. This reflects growing interest in the project from both traditional business media and the cryptocurrency community.

A Strategic Vision

“We are building more than a payments application and more than a messenger. Verum is a unified secure ecosystem where communication, finance, and privacy tools work together,” the company stated.

Verum Finance is now available for iPhone and iPad users. The application complements Verum Messenger, which offers anonymous chats, voice and video calls, VPN services, eSIM connectivity, and other tools designed to enhance digital freedom.

Verum Finance: https://finance.verum.im

Verum Messenger: https://verum.im