On February 4 when reporting earnings SNAP said the perplexity deal was delayed leaving analysts worried it might get cancelled. On February 10 the rollout began. What gives?

Original Reddit post

Author speculates SNAP's delayed Perplexity deal rollout could cause a Q1 revenue and EPS beat since it was excluded from guidance.

SNAP — LONG The author argues that SNAP's $400 million Perplexity deal, which was delayed at the February 4 earnings report and began rolling out February 10, was not included in Q1 guidance. Because the deal is now live and visible on user accounts, the author expects the next earnings report to be a major beat on revenue and EPS. The main risk implied is that the deal could still be cancelled or revenue recognition delayed.

this is a $400 million deal so if sales are going to be included in Q1 the next earnings report will be a major beat on revenue and eps seeing as they did not include it in their forecast.