Perion Network Ltd · NASDAQ:PERI
Perion Network — Investor Presentation (June 2026)
80 slides from Perion Network's investor presentation, Jun 29, 2026
Slide 1: Investor Presentation June 2026
Investor Presentation June 2026
Slide 2: Forward Looking Statements
‹#› Forward Looking Statements This presentation contains historical information and forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe- harbor provisions of the Private Securities Litigation Reform A
Slide 3: Perion at a Glance
Perion at a Glance NASDAQ (PERI) Perion One Pro-Forma5 $439.9MRevenue $203.4MContribution ex-TAC1 $45.2MAdjusted EBITDA1 FY 2025 $40.2MAdjusted Free cash Flow1 2028 Growth Targets 619 Employees worldwide as of Mar. 31, 2026 40+ Operates in countries worldwide $142M returned to Shareholders through a
Slide 4: Perion is an Advanced Technology Company Redefining Digital Advertising
Perion is an Advanced Technology Company Redefining Digital Advertising Through AI-Native Execution Infrastructure ‹#›
Slide 5: Solving The $1T Advertising Challenge
Solving The $1T Advertising Challenge Marketers are navigatinga fragmented universe of screens, creative formats, and placements, trying to connect the dots and drive business results. Advertiser Google Spotify DOOH Pinterest TikTok CTV Apple Reddit Amazon Netflix Open Web Bing YouTube Meta ‹#›
Slide 6: Perion One
Perion OneOur unified multi-channel platform that plans, activates, optimizes, and measures advertising across CTV, DOOH, Retail Media, Social, and the Open Web. Outmax The proprietary AI agent at the core of Perion One, continuously optimizing advertiser outcomes across channels and walled gardens
Slide 7: Serving Fortune Companies Across Key Industry Verticals
Serving 52 out of the Fortune 100 CompaniesAcross Key Industry Verticals 17 of the 19 largest Consumer & Retail companies 4 of the 4 largest Telecommunications companies 2 of the 3 largest Airline companies 6 of the 16 largest Insurance companies 5 of the 6 largest Pharmaceutical companies 4 of the
Slide 8: From Vision to Execution: What We Built in Year One
From Vision to Execution: What We Built in Year One AI-Driven ExecutionIntroduced Outmax, our AI-agent, available on Tiktok, Youtube, Meta and more. AI is integrated in our internal processes & customer solutions. Growth Engines AcceleratedHigh double-digit growth across CTV, DOOH, and Retail - outp
Slide 9: Every Channel
3 PERION Every Channel
Slide 10: The Performance OS for Modern Marketers
The Performance OS for Modern Marketers AI execution layer Multiple Open Web DSPs CTV - Display - Web Multiple Open Web SSPs CTV - Display - Web DOOH DSP / SSP pDOOH - Perion-owned Perion-Owned Open ecosystem - unlimited connections Outmax AI Agent One DSP TikTok DSP Meta Multiple Audience Data and
Slide 11: Perion One
Perion One Our intelligent AI infrastructure powers advertiser execution and outcomes, continuously optimizing in real time. Unified Campaign Orchestration Intelligent Insights In Real-Time Creative Discovery & Innovation Results That Matter ‹#›
Slide 12: Perion Outmax
Perion Outmax The intelligent AI agentinside Perion One that optimizes outcomesacross channels and walled gardens. Every Channel One Agent ‹#›
Slide 13: From Impression to Outcome: AI Optimizing in Real Time
From Impression to Outcome: AI Optimizing in Real Time Subset Device Time of Day Channels The algorithm continuously identifies and prioritizes top-performing audience and inventory subsets in real time. It dynamically learns from a range of signals — including device, time of day, context, and form
Slide 14: Agentic Self Served App
Agentic Self Served App Ask ‹#› Agentic Self Served App Ask 14
Slide 15: Flexible Activations & Integrations with Leading Partners
With Flexible Activations & Integrations with Leading Partners DSPs DMPs MEASUREMENT Proprietary Tech & AI Ad Builder SORT® Audience Targeting Publisher Platform Dynamic Creative Ad Server SSPs DMP - Data Measurement Platform See glossary at the appendix to this presentation ‹#›
Slide 16: Ensuring Brands Appear In The Right Context
CTV/Video Web DOOH 1 A selection of inventory across Perion’s supply partners Audio Perion’s Supply Path partners: Ensuring Brands Appear In The Right Context1 ‹#›
Slide 17: Every Touchpoint. One Execution Layer
‹#› ◉ Awareness ◉ Consideration ◉ Sales Relaxes & watches last night's Real Housewives episode on CTV Browses favorite entertainment / fashion sites for in-style winter shoes Heads to site to finalize cart before deals run out Checks upcoming week’s weather on her phone Puts on streaming radio to ge
Slide 18: Turning Personalized Stories into Cross-Channel Impact
Turning Personalized Stories into Cross-Channel Impact A weather-alignedreminder during a snowy morning commute. A family-friendly commercial while she’s winding down at the endof the day. The location-driven pushshe needs while she’s outon the town.
Slide 19: Personalized Experiences For Every Brand & Consumer Moment
Personalized Experiences For Every Brand & Consumer Moment Weather triggered promotions Weather aligned CTAs Actionable ordering from all screens Daytime aligned messaging Local Offers & Nearby Locations Weather Aligned Messaging & CTAs Weather Triggered Product Promotion Daytime & Location Messagin
Slide 20: Display formats
Display Adhesion (Expandable Or Non-Expandable) Interstitial Inline Social Display Enhanced & Performance Standard Full spectrum of high-impact, adaptable formats - engineered to balance performance, scale, and creative innovation. ‹#›
Slide 21: CTV Video
Commercial Break Stay Live Pause Screen Own every CTV watching moment. CTV Video ‹#›
Slide 22: Drives scale and engagement with hyper-targeted, animated storytelling experiences. ‹#›
Drives scale and engagement with hyper-targeted, animated storytelling experiences. ‹#›
Slide 23: DOOH
DOOH Impactful experiences that reach your audience while they’re on the go. ‹#›
Slide 24: Organic Growth: Land & Expand model
Organic Growth Land & Expand model ‹#›
Slide 25: Outmax Land and Expand - Spend, Geos & Channels
2023 2024 2025 $40M $0 $30M $20M $10M YouTube$50K YouTube $4.5M YouTube+ Meta $20M Performance drives trust, trust drives scale. From a $50K YouTube test to $20M cross-channel in under 3 years, earned through measurable results at every stage. Organic budget growth. Expansion driven by AI-delivered
Slide 26: DOOH Fullstack Land and Expand
DOOH Fullstack Land and Expand 200 Euro → 506k Euro Spend a month in 90 days May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 0 100k 200k 300k 400k 500k 600k Spend Implementation of DOOH Player Dec 2025 Spend: EUR€ 506,078 Platform adoption accelerates revenue.€200 to €500K+/m
Slide 27: Organic Growth Partnerships
Organic Growth Partnerships ‹#›
Slide 28: Amazon DSP New Partnership
Amazon DSP New Partnership This partnership brings together Perion's unique creative capabilities and premium inventory with Amazon's exclusive audience data. New Premium Demand Channel: Commerce brands using Amazon as their DSP can now access Perion's solutions Clear differentiation: Pairs Perion’s
Slide 29: Walmart Connect New Partnership
Walmart Connect New Partnership Combining Walmart Connect’s powerful omnichannel media solutions with Perion’s AI-driven creative and performance capabilities empowers advertisers to: Help reach shoppers more effectivelythrough omnichannel touchpoints Connect media exposure to actual saleswith close
Slide 30: Mastercard New Partnership
Mastercard New Partnership Mastercard Services data is now integrated into the Perion platform across Europe and the U.S Advertisers can now activate aggregated purchase insights based on real consumer spend data directly within the platform Makes it easier than ever to reach high-intent audiences a
Slide 31: BestBuy Canada New Partnership
BestBuy Canada New Partnership Best Buy Canada has selected Perion as its end-to-end technology partner to power and monetize its programmatic in-store digital signage network, creating one of the largest SSP-enabled DOOH media networks in the Canadian market. Extends Perion's retail media footprint
Slide 32: Albertsons Media Collective Exclusive Partnership
Albertsons Media Collective Exclusive Partnership + Expanding into a $60B Retail Media Market Growing at ~15% CAGR1 Partnership with one of the largest grocery retailers in the U.S. Integrates Albertsons’ first-party data with Perion’s proprietary media technology Enables measurable, commerce-connec
Slide 33: McSorely Media & Mediamark Exclusive Partnership
McSorely Media & Mediamark Exclusive Partnership + Exclusive AI Advertising Partnership Across Africa to drive growth. New high-growth market: Outmax now available across Africa through exclusive partnership with McSorely Media and Mediamark, addressing a programmatic market forecast to reach $6.5B
Slide 34: Case Studies
Case Studies ‹#›
Slide 35: AI Optimizations Drove Efficiencies in CPA Week over Week
AI Optimizations Drove Efficiencies in CPA Week over Week 9/25-10/1 10/2-10/8 10/9-10/15 10/16-10/22 $4.61 $1.94 $1.09 $0.53 Case Study Outmax CTV CPA in 4 weeks (Cost per Acquisition) 89% ↓ Site visitation Rate 1.8% ↑
Slide 36: Bouygues Telecom Outmax Case Study
Case Study Outmax FTTH Acquisition Cost Reduction -34% Campaign Carbon Intensity -51% Bouygues Telecom Improved Acquisition Efficiency and Reduced Carbon Intensity with Perion Outmax Bouygues Telecom partnered with Perion to optimize Meta campaigns using the Outmax AI agent, improving acquisition ef
Slide 37: C4 Energy Elevates YouTube Performance with Outmax
Lift in Brand Ad Recall 4.1% Lift in Brand Awareness 20.7% Skippable View Rate (80% higher than benchmark) +80% Case Study Outmax C4 Energy Elevates YouTube Performance with Perion's Outmax High-impact YouTube creative, combined with Outmax's real-time optimization, helped C4 Energy strengthen brand
Slide 38: Wepner's Campaign Powered by Perion's Outmax
Case Study Outmax Completion Rate (vs. 90% benchmark) 96% Viewability 97% Wepner’s Campaign Powered by Perion’s Outmax Improves Media Efficiency While Reducing Environmental Impact Leveraging Perion Outmax, Wepner delivered standout performance across YouTube and Meta, driving both awareness and tra
Slide 39: Uber's Real-Time DOOH Campaign
Case Study DOOH Uber's Real-Time DOOH Campaign Drives Safety Feature Adoption Through Cultural Relevance Partnering with OMD, Uber leveraged Perion's programmatic DOOH capabilities during Mexico City's iconic Catrinas Parade to connect its PIN Code safety feature to a culturally relevant moment. By
Slide 40: Ford's Outmax-Powered Campaign
Case Study Outmax Viewability improvements +12 points Reduction in CPM 22% Ford’s Outmax-Powered Campaign Improved Media Performance While Reducing Environmental Impact Leveraging Perion Outmax, Ford delivered stronger YouTube performance while reducing the carbon footprint of its media investment.
Slide 41: Vaseline Real-Time UV Data DOOH
Case Study DOOH How Vaseline turned live UV data into real-time skin protection messaging leveraging programmatic DOOH Live UV-index data integrated directly into DOOH creative, dynamically updating throughout the day to signal real-time exposure risk: A clear color-coded system displayed: Green for
Slide 42: A Trusted Partner of The Most Recognized Brands & Agencies
A Trusted Partner of The Most Recognized Brands & Agencies ‹#›
Slide 43: Building the Perion One Platform: 2024-2028
2025 Building the Perion One Platform Launched Perion One strategy, unifying all technologiesand brands under a singleplatform vision. Executed leadership reorganization to align with platform strategy and operational excellence. Acquired AI-first company - Greenbids, to automate optimization & impr
Slide 44: Perion 2028: Scaling Perion One with Profitable Growth
25%+ Perion One pro forma1 spend 3-Y CAGR 1 Pro forma numbers exclude Search and discontinued legacy. 2 Contribution ex-TAC and Adjusted EBITDA are non-GAAP measures. See reconciliation of GAAP to non-GAAP measures at the appendix to this presentation. 2028 targets first introduced Q4 2025; reaffirm
Slide 45: Perion 2028 Targets: Perion One Spend Surge
Perion 2028 Targets Perion One Platform Pro forma2 Spend Surge Perion One Platform Spend Surges Search & Legacy1 expected to remain stable Perion One Spend 2022-2025 CAGR: 34% 2025-2028 CAGR: 25%+ $1.2B $0.2B $0.6B 1 Includes Search and discontinued low-margin historical activities 2 Pro forma numbe
Slide 46: Perion 2028 Targets: Pro forma Contribution ex-TAC
Perion 2028 Targets Perion One Platform Pro forma1 Contribution ex-TAC Contribution ex-TAC2 2022-2025 CAGR: 19% 2025-2028 CAGR: 20%+ Perion One platform 2026 Contribution ex-TAC reflects 85-90% of total. 20%+ CAGR 19% CAGR 1 Pro forma numbers exclude search and discontinued legacy. 2 Contribution ex
Slide 47: Disciplined Cost Management to drive operational leverage
Disciplined Cost Management to drive operational leverage Invest to Scale 2026 investment in technology and go-to-market Operational Efficiency to drive decrease in G&A and COGS expenses Investments Efficiency Catalysts Target Perion consolidated Adjusted EBITDA/Contribution ex-TAC1 margin of 28% Pe
Slide 48: Financial KPIs Q1 2026
Financial KPIs Q1 2026 ‹#›
Slide 49: How We Measure our Business: Spend and Contribution ex-TAC
Spend and Contribution ex-TAC are the true indicators of our underlying growth, reflecting platform adoption and scale Spend (Represents Customer Adoption) Revenue Contribution EX-TAC (Net Revenue) Spend What it is: Total media budgets running through the platform. Why it leads: Provides early indic
Slide 50: Spend
Spend Perion Total Spend ($M) Perion Spend by Product Lines ($M) Perion One + Legacy represent Advertising Solutions Legacy includes low-margin historical activities Numbers may not add due to rounding ‹#›
Slide 51: Revenue
Advertising Solutions revenue is comprised of Perion One + Legacy Legacy includes low-margin historical activities Numbers may not add due to rounding Revenue ‹#› Perion Total Revenue ($M) Perion Revenue by Product Lines ($M)
Slide 52: Contribution ex-TAC
1 Non-GAAP metrics. Please see the Appendix to this presentation for a reconciliation of each to the nearest GAAP metric. Legacy includes low-margin historical activities Numbers may not add due to rounding See glossary at the appendix to this presentation Perion Contribution ex-TAC ($M) & Margin (%
Slide 53: Growth Engines
Growth Engines Perion’s primary growth drivers consistently outpacing the broader market growth1 on CTV and DOOH channels, Retail Media vertical, alongside the adoption of our AI Agent technology, Outmax. ‹#› 1 Source: eMarketer data, June 2026 See glossary at the appendix to this presentation
Slide 54: CTV Channel grew 68% YoY in Q1'26
CTV Channel grew 68% YoY in Q1’26 Vs 17.5% Expected Market Growth in 2026 Growth Engines - CTV Spend ($M) ‹#› 1 Source: eMarketer data, June 2026 See glossary at the appendix to this presentation
Slide 55: DOOH channel grew 29% YoY in Q1'26
DOOH channel grew 29% YoY in Q1’26 Vs 16.3% Expected Market Growth in 2026 Growth Engines - DOOH Spend ($M) ‹#› 1 Source: eMarketer data, June 2026 See glossary at the appendix to this presentation
Slide 56: Retail Media grew 27% YoY in Q1'26
Retail Media grew 27% YoY in Q1’26 Vs 20.3% Expected Market Growth in 2026 Growth Engines - Retail Media Spend ($M) (Market vertical; includes CTV, DOOH, DIsplay and other channels) ‹#› 1 Source: eMarketer data, June 2026 See glossary at the appendix to this presentation
Slide 57: Outmax AI Agent spend growth
Outmax AI Agent nearly doubled from 2024 to 2025 and grew 316% YoY in Q1’26 Growth Engines - Outmax Spend1 ($M) (AI Agent Tech Solution; includes CTV, Social, DIsplay and other channels) ‹#› 1 On a pro forma basis Numbers may not add due to rounding See glossary at the appendix to this presentation
Slide 58: Financial Results & Outlook Q1 2026
Financial Results& Outlook Q1 2026 ‹#›
Slide 59: Q1 Business & Financial Highlights
Growth Engines Q1 Business & Financial Highlights Results 1 Non-GAAP metrics. Please see the Appendix to this presentation for a reconciliation of each to the nearest GAAP metric 2 On a proforma basis See glossary at the appendix to this presentation Channels Vertical Technology $90.4MRevenue $7.0MA
Slide 60: Q1 2026 Key Financial Highlights
Q1 2026 Key Financial Highlights $90.4M Revenue Adjusted EBITDA1 Cash Flow from Operations Net Cash2 Contribution ex-TAC1 $0.5M $6.7M $293.0M $39.7M Vs. $1.8M LY Share Repurchase $24.1M 1 Non-GAAP metrics. Please see the Appendix to this presentation for a reconciliation of each to the nearest GAAP
Slide 61: Adjusted EBITDA and Margins
Adjusted EBITDA1 ($M) and Margins 1 Non-GAAP metrics. Please see the Appendix to this presentation for a reconciliation of each to the nearest GAAP metric. Excluding FX impact of $1.4M ‹#›
Slide 62: GAAP and Non-GAAP Net Income (Loss) & EPS
GAAP and Non-GAAP1 Net Income (Loss) ($M) & EPS ($) 1 Non-GAAP metrics. Please see the Appendix to this presentation for a reconciliation of each to the nearest GAAP metric. GAAP Net Income (Loss) & EPS Non-GAAP Net Income & EPS1 GAAP Net Income (Loss) Non-GAAP Net Income ‹#›
Slide 63: Cash from Operations & Adjusted Free Cash Flow
1 Non-GAAP metrics. Please see the Appendix to this presentation for a reconciliation of each to the nearest GAAP metric. Cash from Operations & Adjusted Free Cash Flow1 ($M) Continued Momentum Drives Higher Spend Highlighting the cash-generative nature of our business model Cash from Operations Adj
Slide 64: Disciplined Cash Deployment
1 Non-GAAP metrics. Please see the Appendix to this presentation for a reconciliation of each to the nearest GAAP metric. FY2026E CapEx includes corporate headquarters investment ‹#› Disciplined Cash Deployment Low CapEx, Strong FCF1, Aggressive Shareholder Returns ($M) Investing in Growth While Max
Slide 65: Creating Value to Shareholders: Net Cash
1 Includes cash, cash equivalents, short term deposits and marketable securities Generating cash from operations Returning cashto shareholders Investing in Organic growth Net Cash1 ($M) Creating Value to Shareholders ‹#›
Slide 66: Share Repurchase Program
Share Repurchase Program Accumulated spend ($M) Number of shares repurchased (M) & Average Share Price ($) ‹#›
Slide 67: FY2026 Financial Outlook
FY2026 Financial Outlook 1 Implies a revenue range of $460 - 490 million 2 Contribution ex-TAC and Adjusted EBITDA are non-GAAP measures. See reconciliation of GAAP to non-GAAP measures at the appendix to this presentation 3 Calculated at Contribution ex-TAC and Adjusted EBITDA guidance midpoint Con
Slide 68: Why Invest
Why Invest Large OmnichannelGrowth OpportunityStrong focus on high-growth channels and market verticals: CTV, DOOH & Retail Media, through integrated cross-channel execution Unified Media Performance with Perion OneA single platform to plan, activate, optimize & analyze across channels, bridging cre
Slide 69: Appendix
Appendix. ‹#›
Slide 70: Glossary
Glossary Definitions of the key terms used throughout this presentation Spend Gross advertiser and media dollars activated through Perion. A measure of scale and adoption. Revenue Total reported revenue, recognized on either a gross or net basis in accordance with GAAP accounting principles, dependi
Slide 71: Glossary
Glossary Definitions of the key terms used throughout this presentation Outmax Perion's proprietary AI agent embedded within Perion One. It automatically optimizes advertiser campaigns across channels and walled gardens in real time, driving outcome-based performance. DSP Demand-Side Platform, techn
Slide 72: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets ‹#›
Slide 73: Consolidated Statements Of Operations - GAAP
Consolidated Statements Of Operations - GAAP ‹#›
Slide 74: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows ‹#›
Slide 75: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results ‹#›
Slide 76: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results ‹#›
Slide 77: Reconciliation of GAAP to Non-GAAP Results
Reconciliation of GAAP to Non-GAAP Results ‹#›
Slide 78: Reconciliation of GAAP to Non-GAAP Full Year 2026 Guidance
Reconciliation of GAAP to Non-GAAP Full Year 2026 Guidance ‹#›
Slide 79: Perion One Spend - Distribution by Channel
Perion One Spend - Distribution by Channel ($M) ‹#› Numbers may not add due to rounding Social includes activities driven by the Outmax AI agent
Slide 80: Thank You.
Thank You. £3 PERION