Snap Inc stated explicitly in its latest financial outlook that the calculation basis for its second-quarter revenue guidance range has completely excluded the contribution from the Perplexity business.
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This adjustment stems from the termination agreement of the partnership reached through negotiations between both parties in the first quarter, with the process completed amicably. The company emphasized that this adjustment to the partnership will not have any substantial impact on its existing core business, and going forward, it will focus on promoting the commercialization of its independently developed products.
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