NASDAQ$PERI
Perion Network Ltd · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Revenue up 1% as CTV and Outmax AI grow; reiterates 2026 guidance
Perion Network reported Q1 2026 revenue of $90.4 million, up 1% year over year, with contribution ex-TAC flat at $39.7 million (44% margin). Advertising Solutions revenue fell 4% while Search Advertising rose 21%. Growth engines accelerated: CTV spend +68%, DOOH +29%, and Outmax AI agent spend +316% YoY. GAAP net loss widened to $10.0 million from $8.3 million; non-GAAP net income was $4.8 million ($0.11 EPS). Adjusted EBITDA fell to $0.5 million. Operating cash flow turned positive at $6.7 million. The company repurchased 2.5 million shares for $24.1 million and reiterated full-year 2026 guidance for contribution ex-TAC of $215–235 million and adjusted EBITDA of $50–54 million.
- Total revenue rose 1% to $90.4M; contribution ex-TAC held flat at $39.7M with a 44% margin
- Outmax AI agent spend surged 316% YoY; CTV spend +68% and DOOH +29%
- Non-GAAP net income was $4.8M ($0.11 EPS) vs GAAP net loss of $10.0M ($(0.26) EPS)
- Operating cash flow was $6.7M; company repurchased 2.5M shares for $24.1M in Q1
- Reiterated FY2026 guidance: contribution ex-TAC $215–235M and adjusted EBITDA $50–54M
Headline financials
Revenue & EPS history
Perion · Revenue · Quarterly
$90.4M
Revenue by segment
Perion · $137M total across 5 segments · Q1 2025
- Advertising Solutions$69.7M—50.8%
- Retail Media$19.8M—14.4%
- Search Advertising$19.6M—14.3%
- Digital Out of Home$17.4M—12.7%
- CTV$10.7M—7.8%
Forward guidance
Reiterating full-year 2026 outlook: contribution ex-TAC of $215–235 million and adjusted EBITDA of $50–54 million.
Tailwinds
- Growth engines (Outmax AI, CTV, DOOH) showing strong momentum
- Positive operating cash flow in Q1
Headwinds
- Advertising Solutions revenue declined 4% YoY
- Adjusted EBITDA fell 75% to $0.5M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.1%
Avg return
30 days after
43%
25 / 58 earnings
Positive
+23.3%
Q2 2019
Best reaction
-19.9%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.0% | -15.7% | -20.5% | |
| Q4 2026 | +3.5% | +12.6% | +20.5% | |
| Q3 2025 | +10.3% | +2.4% | +4.5% | |
| Q2 2025 | -10.1% | -10.4% | -9.8% | |
| Q1 2025 | +13.4% | +12.0% | +1.6% | |
| Q4 2024 | -12.3% | -12.6% | -16.5% | |
| Q3 2024 | +6.9% | +5.3% | +7.6% | |
| Q2 2024 | -0.9% | -9.5% | +0.5% | |
| Q1 2024 | -3.9% | -3.4% | -3.1% | |
| Q4 2023 | -19.9% | -19.1% | -25.7% | |
| Q3 2023 | +9.3% | +12.2% | +11.9% | |
| Q2 2023 | -0.8% | +1.2% | -6.2% | |
| Q1 2023 | -8.0% | -3.6% | -11.7% | |
| Q4 2022 | -7.4% | -1.7% | +1.1% | |
| Q3 2022 | +10.8% | +13.5% | +16.4% | |
| Q2 2022 | +7.7% | +7.7% | +4.3% | |
| Q1 2022 | -6.8% | -5.3% | -13.1% | |
| Q4 2021 | +6.7% | +0.9% | -7.7% | |
| Q3 2021 | +23.1% | +28.4% | +13.8% | |
| Q2 2021 | +0.5% | +3.0% | +14.6% | |
| Q1 2021 | -5.5% | -2.6% | -9.4% | |
| Q4 2020 | +12.4% | +7.5% | -7.6% | |
| Q3 2020 | -6.4% | -7.5% | +0.0% | |
| Q2 2020 | -0.5% | -4.2% | -3.9% | |
| Q1 2020 | +1.7% | +3.0% | +23.2% | |
| Q4 2019 | +1.9% | +8.0% | -38.0% | |
| Q3 2019 | -10.7% | -8.8% | -10.5% | |
| Q2 2019 | +23.3% | +27.3% | +47.5% | |
| Q1 2019 | +3.0% | +3.0% | -2.0% | |
| Q4 2018 | -3.7% | -6.8% | -11.1% | |
| Q3 2018 | -7.8% | -3.3% | -13.0% | |
| Q2 2018 | -3.7% | -7.3% | -3.1% | |
| Q1 2018 | +16.0% | +28.0% | +76.0% | |
| Q4 2017 | -3.6% | -7.1% | -9.5% | |
| Q3 2017 | +4.2% | +4.2% | +4.2% | |
| Q2 2017 | -18.6% | -20.9% | -32.0% | |
| Q1 2017 | -11.6% | -16.8% | +4.0% | |
| Q4 2016 | -13.4% | -9.3% | +0.0% | |
| Q3 2016 | +9.2% | +4.1% | +19.4% | |
| Q2 2016 | -1.4% | -2.8% | -11.2% | |
| Q1 2016 | -1.3% | — | — | |
| Q4 2015 | -12.5% | — | — | |
| Q3 2015 | +15.7% | — | — | |
| Q2 2015 | +9.4% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | -11.0% | — | — | |
| Q3 2014 | +11.9% | — | — | |
| Q2 2014 | -11.5% | — | — | |
| Q1 2014 | -3.5% | — | — | |
| Q4 2013 | +6.5% | — | — | |
| Q3 2013 | +11.2% | — | — | |
| Q2 2013 | -9.2% | — | — | |
| Q1 2013 | +9.5% | — | — | |
| Q4 2012 | -3.7% | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q2 2010 | -1.0% | — | — |
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