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Snap Flags Ad Revenue Hit Amid Middle East Conflict and Slower North America Growth

Snap Inc. has issued cautious guidance, anticipating a hit to its advertising revenue due to the Middle East conflict and slower growth in North America. The company is also targeting significant cost reductions in the latter half of 2026.

6 May, 18:52 — 7 May, 02:12
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Sources

Showing 6 of 7 sources
bloombergHigh79d ago

Snap Says Advertising Revenue Buffeted by Effects of War in Iran - Bloomberg.com

Snap Says Advertising Revenue Buffeted by Effects of War in Iran  Bloomberg.com

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cnbcMostly Factual79d ago

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.

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japan-timesMostly Factual79d ago

Honda reconsiders Canada plant as U.S. demand for EVs slows

Honda is reviewing its strategy for its North American operations, shifting its focus from EVs to prioritize hybrid vehicles.

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rolling-stoneMostly Factual79d ago

Los Campesinos! Reveal Exactly How Much They Made on Their Last Tour — And How Much It Cost Them

The indie rock stalwarts from Wales, Cardiff offered a rare, fascinating and fully transparent breakdown of the finances behind their 2024 North American trek

By Jon Blistein

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deadlineMostly Factual79d ago

Utopia’s Circle Collective Takes North American To ‘Honeyjoon’

EXCLUSIVE: Utopia’s Circle Collective has acquired North American rights to filmmaker Lilian T. Mehrel’s Honeyjoon. Pic stars Ayden Mayeri (Jackpot!), Amira Casar (Call Me By Your Name), and José Condessa (Turn of the Tide).  The movie, which made its world premiere at last year’s Tribeca Film Festival will open with week-long theatrical runs in New York beginning June 10 at […]

By Anthonypauldalessandro

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seeking-alphaMixed79d ago

Snap anticipates Q2 revenue of $1.52B-$1.55B while targeting over $500M annualized cost reduction in H2 2026

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