Smart Agent Business Drives Perplexity AI's Projected March Annual Recurring Revenue Up 50%

According to the Financial Times, Perplexity AI—known for its AI search—saw its projected March 2026 annual recurring revenue (ARR) rise from $305 million to $450 million, a 50% increase, driven by strong performance in its smart agent business.

The company launched Perplexity Computer service at the end of February this year, integrating models from multiple external providers to create office assistants tailored to user needs. It also introduced a usage-based pricing model alongside monthly subscriptions. A representative stated that the company maintains a high revenue retention rate.