Business
Perion Reports First Quarter 2026 Results
Perion Reports First Quarter 2026
About this update from Perion Network Ltd
[{"type":"text","content":"\nPerion Network Ltd. (NASDAQ and TASE: PERI), an advanced technology leader solving for the complexities of digital advertising through AI-native execution infrastructure, today reported its financial results for the first quarter ended March 31, 2026.\n\n\n“During the quarter, we continued to advance the Perion One platform and our Outmax AI Agent technology, with encouraging adoption from customers and new global partnerships. We extended Outmax into a new social channel with its launch on TikTok, and formed an exclusive partnership in Africa, adding a new distribution channel in this high-growth digital advertising market,” said Tal Jacobson, Perion’s CEO.\n\n\nMr. Jacobson added, “Perion’s vision is centered on fully integrating AI across every facet of our business. We are leveraging AI not only as the core engine that drives higher ROI and measurable outcomes for our customers, but also internally to streamline our operations, optimize our cost structure, and drive greater efficiency across the company.”\n\nFirst Quarter 2026 Business and Financial Highlights\n\nGrowth engines performance:\nOutmax AI agent adoption - spend1 increased by 316% YoY\n\nCTV spend increased 68% YoY\n\nDOOH spend increased 29% YoY\n\nRetail Media2 vertical spend increased 27% YoY\n\n\n\nPerion One spend increased 6% YoY\n\n\n\nTotal revenue of $90.4 million, increased 1% YoY\n\n\n\nTotal contribution ex-TAC remained flat YoY at $39.7 million, with a 44% margin\n\n\n\nAdjusted EBITDA of $0.5 million\n\n\n\nCash flow from operations of $6.7 million, adjusted free cash flow of $7.0 million\n\n\n\nRepurchased 2.5 million shares for a total of $24.1 million\n\n\n\nExpanded partnerships and integrations:\n\n\nExclusive Outmax partnership in Africa with Mediamark and McSorely Media\n\n\n\nOutmax AI agent now available for TikTok\n\n\n\nBouygues Telecom adopts Outmax\n\nFirst Quarter 2026 Financial Highlights3\nIn millions,\nexcept per share data\n\n\nThree months ended\n \n\n\nMarch 31,\n \n\n\n2026\n \n\n\n \n\n\n2025\n \n\n\n \n\n\n%\nAdvertising Solutions Revenue\n\n\n$\n\n\n66.7\n\n\n \n\n\n \n\n\n$\n\n\n69.7\n\n\n \n\n\n \n\n\n(4\n\n\n%)\n\n\nSearch Advertising Revenue\n\n\n$\n\n\n23.7\n\n\n \n\n\n \n\n\n$\n\n\n19.6\n\n\n \n\n\n \n\n\n21\n\n\n%\n\n\nTotal Revenue\n\n\n$\n\n\n90....