Perion Network (NASDAQ:PERI) Announces Quarterly Earnings Results, Hits Estimates

Perion Network (NASDAQ:PERI) released its quarterly earnings results on Wednesday. The technology company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49, FiscalAI reports. Perion Network had a positive return on equity of 2.28% and a negative net margin of 2.53%.The business had revenue of $137.14 million during the quarter, compared to analyst estimates of $136.53 million.

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

• Perion completed a strategic reset into Perion One, positioning an AI-native execution infrastructure centered on the Outmax agent and announcing partnerships with Amazon, Walmart and Mastercard to drive cross-channel media execution.
• Q4/FY25 financials strengthened — Contribution ex-TAC +19% YoY to $65.2M, Q4 Adjusted EBITDA +53% to $24.3M, sharply higher operating cash flow, $313M net cash, and $118M of share repurchases executed to date.
• Core growth engines are outpacing the market — CTV +59% in Q4, digital out-of-home +28% in Q4, retail media +42% in Q4 — and management targets Perion One spend CAGR ≥25%, contribution ex-TAC CAGR ≥20%, and a 28% Adjusted EBITDA-to-contribution margin by 2028.
• Near-term uncertainties and legacy headwinds — 2026 guidance is a wide range (Contribution ex-TAC $215–235M; Adj. EBITDA $50–54M), advertiser visibility is limited to 3–6 months, web/search are declining (web -17% in Q4) and the company posted a GAAP full‑year loss, creating execution and timing risk for ambitious 2028 targets.

Perion Network Stock Up 6.0%

PERI stock traded up $0.51 during mid-day trading on Wednesday, hitting $9.08. The company had a trading volume of 347,457 shares, compared to its average volume of 300,873. The company has a 50-day moving average price of $9.31 and a 200 day moving average price of $9.48. Perion Network has a 12-month low of $6.99 and a 12-month high of $11.79. The company has a market capitalization of $372.48 million, a price-to-earnings ratio of -34.93, a P/E/G ratio of 0.67 and a beta of 1.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Capital Management LLC lifted its position in Perion Network by 16.8% during the third quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock valued at $36,012,000 after purchasing an additional 538,375 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Perion Network by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company’s stock valued at $16,558,000 after buying an additional 14,563 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Perion Network by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock valued at $2,798,000 after acquiring an additional 64,442 shares during the last quarter. ARK Investment Management LLC grew its position in Perion Network by 28.2% in the fourth quarter. ARK Investment Management LLC now owns 219,605 shares of the technology company’s stock worth $2,104,000 after acquiring an additional 48,283 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Perion Network by 165.8% during the second quarter. JPMorgan Chase & Co. now owns 162,617 shares of the technology company’s stock worth $1,651,000 after acquiring an additional 101,446 shares during the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PERI shares. Lake Street Capital raised their target price on shares of Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Wall Street Zen downgraded shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research note on Thursday, January 22nd. Finally, Roth Mkm reissued a “buy” rating and set a $14.50 price target (up from $14.00) on shares of Perion Network in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.50.

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.