Perion Network Ltd (STU:IW2)

Q1 2026 Perion Network Ltd Earnings Call Transcript

May 20, 2026 / 12:30 PM GMT

Release Date Price: €7.76 (-16.69%)

Transcript

Key Points

Positve

Perion Network Ltd (PERI) reported a 6% year-over-year increase in PerionOne spend, indicating strong platform adoption.
Outmax, the AI agent technology, showed significant growth, with a 300% increase in spend year-over-year.
The company entered into an exclusive partnership with McSurly Media and MediaMark to expand its footprint in Africa, unlocking a programmatic market forecasted to reach $6.5 billion by 2029.
Perion Network Ltd (PERI) reported a 68% year-over-year growth in CTV spend, highlighting strong demand for its performance-driven capabilities.
The company maintains a strong liquidity position with $293 million in cash equivalents, providing financial flexibility for future investments and shareholder returns.

Negative

Revenue for the first quarter was $90.4 million, only a 1% increase year-over-year, indicating slower growth compared to industry benchmarks.
Adjusted EBITDA decreased to $0.5 million from $1.8 million in the first quarter of 2025, primarily due to higher go-to-market investments.
The company experienced macroeconomic headwinds, including inflation in oil prices and tensions in the Middle East, impacting budget spends, especially in the CPG sector.
Search revenue increased by 21% year-over-year, but the related contribution ex-TAC decreased by 70% due to the transition away from the Microsoft agreement.
The advertising solutions revenue decreased due to product mix changes, with more revenue recognized on a net basis, impacting overall revenue growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PERI.OQ - Perion Network Ltd
Q1 2026 Perion Network Ltd Earnings Call
May 20, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everybody and welcome to the Perion Network First Quarter 2026 Earnings Conference Call.

Today's conference call is being recorded and an archive of the webcast will be posted on the company's website.

The press release detailing the financial results is available on the company's website at www.perion.com.

Before we begin, I'd like to read the following Safe Arbour statement.

Today's discussion includes forward-looking statements. These statements reflect the company's current views with respect to future events.

These forward-looking statements involve known and unknown risks, uncertainties, and other factors, including those discussed under the heading Risk Factors and elsewhere in

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