Perion Network (NASDAQ:PERI) Announces Quarterly Earnings Results

Perion Network (NASDAQ:PERI) announced its quarterly earnings results on Monday. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01, FiscalAI reports. The firm had revenue of $98.24 million during the quarter, compared to the consensus estimate of $96.52 million. Perion Network had a negative net margin of 2.95% and a positive return on equity of 2.39%.

Here are the key takeaways from Perion Network’s conference call:

• Perion One adoption accelerated, with platform spend up 15% year over year to $156.7 million. CTV, digital out-of-home, and retail media spend grew 56%, 45%, and 60%, respectively, while Outmax spend increased 136% on a pro forma basis.
• Consolidated revenue declined 5% to $98.2 million and contribution ex-TAC fell 11% to $42.3 million, pressured by weakness in open-web advertising and lower take rates from promotional test campaigns. Management expects take rates to improve modestly in the second half.
• Management narrowed its 2026 outlook to $215 million–$225 million of contribution ex-TAC and $51 million–$53 million of adjusted EBITDA, maintaining the EBITDA midpoint and anticipating meaningful margin improvement in the second half from cost reductions and operational efficiencies.
• Two large strategic agency agreements are onboarding and are expected to contribute materially beginning late in the third quarter and accelerating in the fourth quarter, although timing remains partly outside Perion’s control. The company also cited the Best Buy Canada retail-media partnership, expanded Google DV360 access for digital out-of-home inventory, and new Outmax distribution in Greece and Central and Eastern Europe.
• Perion repurchased 2.7 million shares for $24.5 million during the quarter and plans to complete the remaining $33.2 million under its current buyback authorization by year-end. The company ended June with $268 million in cash and marketable securities and no debt, while retaining flexibility for technology investment and disciplined M&A.

Perion Network Stock Performance

NASDAQ:PERI traded down $0.12 during mid-day trading on Wednesday, reaching $9.52. The stock had a trading volume of 121,336 shares, compared to its average volume of 403,617. The stock has a market capitalization of $371.57 million, a P/E ratio of -27.20, a P/E/G ratio of 1.36 and a beta of 1.18. The firm has a 50 day moving average price of $9.10 and a two-hundred day moving average price of $9.30. Perion Network has a one year low of $7.63 and a one year high of $11.27.

Insider Activity at Perion Network

In other news, Director Eyal Kaplan sold 2,916 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total value of $28,489.32. Following the completion of the sale, the director directly owned 54,142 shares in the company, valued at approximately $528,967.34. The trade was a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 6,765 shares of company stock worth $65,943 over the last quarter. Company insiders own 2.78% of the company’s stock.

Institutional Trading of Perion Network

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in shares of Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after buying an additional 1,843 shares during the last quarter. Advisory Services Network LLC bought a new position in Perion Network during the 3rd quarter worth approximately $77,000. Virtu Financial LLC purchased a new position in Perion Network in the 3rd quarter worth approximately $100,000. Centiva Capital LP bought a new stake in Perion Network in the third quarter valued at approximately $115,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Perion Network during the third quarter valued at approximately $130,000. 68.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PERI has been the topic of a number of recent analyst reports. Lake Street Capital set a $13.00 price objective on Perion Network and gave the stock a “buy” rating in a research report on Thursday, May 21st. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.88.

About Perion Network

Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.

Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.