Perion Network (NASDAQ:PERI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Perion Network (NASDAQ:PERI) posted its quarterly earnings results on Monday. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01, FiscalAI reports. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. The company had revenue of $98.24 million for the quarter, compared to analyst estimates of $96.52 million.

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

PERI stock opened at $9.81 on Tuesday. The firm’s fifty day moving average is $9.07 and its 200 day moving average is $9.30. Perion Network has a 52 week low of $7.63 and a 52 week high of $11.27. The firm has a market cap of $382.84 million, a P/E ratio of -39.24, a P/E/G ratio of 1.36 and a beta of 1.18.

Insider Buying and Selling at Perion Network

In related news, Director Eyal Kaplan sold 2,916 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $9.77, for a total transaction of $28,489.32. Following the completion of the sale, the director directly owned 54,142 shares in the company, valued at $528,967.34. This represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 6,765 shares of company stock valued at $65,943. Insiders own 2.78% of the company’s stock.

Hedge Funds Weigh In On Perion Network

Several hedge funds and other institutional investors have recently modified their holdings of PERI. Osaic Holdings Inc. boosted its holdings 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 worth $28,000 after purchasing an additional 1,843 shares during the period. Advisory Services Network LLC bought a new stake in Perion Network in the third quarter valued at $77,000. Virtu Financial LLC purchased a new position in Perion Network during the 3rd quarter valued at $100,000. Centiva Capital LP bought a new position in Perion Network in the 3rd quarter worth $115,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Perion Network in the 3rd quarter worth about $130,000. 68.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Perion Network Company Profile

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.