NASDAQ$PERI

Perion Network Ltd · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Perion Network Ltd reported Q2 2026 results on August 10, 2026, with revenue of $98.2 million.

Perion reported Q2 2026 revenue of $98.2 million, down 5% YoY, with Advertising Solutions at $76.2 million and Search Advertising at $22.1 million. GAAP net loss was $6.8 million while non-GAAP net income reached $3.9 million. Contribution ex-TAC was $42.3 million at 43% margin, and adjusted EBITDA was $2.8 million. Strong growth in CTV, DOOH, and Retail Media spend offset declines in web channels.

  • Revenue declined 5% YoY to $98.2 million due to lower web channel performance.
  • Perion One spend grew 15% YoY to $156.7 million, driven by CTV (+56%), DOOH (+45%), Retail Media (+60%), and Outmax AI (+136%).
  • GAAP net loss of $6.8 million included restructuring costs; non-GAAP net income was $3.9 million ($0.09 per share).
  • Company narrowed FY2026 guidance: Contribution ex-TAC to $215-225 million and Adjusted EBITDA to $51-53 million.

Headline financials

Total Revenue

$98.2M

Previous: $103M-4.7%
EPS (adj)

$0.09

Previous: $0.26-65.4%
Adjusted EBITDA

$2.8M

No prior period
Adjusted Free Cash Flow

$4.8M

No prior period
Contribution ex-TAC

$42.3M

No prior period
Operating Cash Flow

$2.5M

No prior period
Adj. EBITDA to Contrib. ex-TAC

7.0%

No prior period
Free Cash Flow

$4.8M

Previous: $19.8M-75.8%
Net Income

-$6.8M

Previous: -$3.5M-94.3%
Cash & Equivalents

$268M

No prior period

Revenue & EPS history

Perion · Revenue · Quarterly

$98.2M

Q2 2026-4.7%vs Q2 2025
Beat estimate in 12 of 13 quarters(92%)
ActualEstimate

Revenue by segment

Perion · $137M total across 5 segments · Q1 2025

  • Advertising Solutions
    $69.7M
  • Retail Media
    $19.8M
  • Search Advertising
    $19.6M
  • Digital Out of Home
    $17.4M
  • CTV
    $10.7M

Forward guidance

Narrowed full-year 2026 outlook reflecting H1 performance and visibility into H2 trends.

Tailwinds

  • Structural cost reductions creating operating leverage
  • Momentum in Perion One and growth engines expected to accelerate in H2

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
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 2009-0.2%
Q4 2010-0.2%
Q4 2011-0.2%
Q3 2011
Q2 2011
Q2 2010-1.0%

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