Perion Network Ltd (PERI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everybody and welcome to the Perion Network second quarter 2026 earnings conference call. Hello everybody and welcome to the Perion Network second quarter 2026 earnings conference call. Today's conference call is being recorded. 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 harbour statements. Today's discussion includes forward-looking statements. These statements reflect the company's current views with respect to future events. The company does not undertake to update any forward-looking statements to reflect future statements or circumstances. As in prior quarters, the results reported today will be analysed both on a gap and a non-gap basis. As in prior quarters, the results reported today will be analysed both on a gap and a non-gap basis. By mentioning EBITDA, we will be referring to adjusted EBITDA. We have provided a detailed reconciliation of non-gap measures and their comparable gap measures in our earnings release, which is available on our website and has also been filed on Form 6K. Hosting the call today are Tal Jacobson, Perrion's Chief Executive Officer, and Elad Tzubery, Perrion's Chief Financial Officer. Good morning, and thank you for joining us on Perrion's earnings call for the second quarter of 2026. Good morning and thank you for joining us on Perion's Earnings Call for the second quarter of 2026. Nearly two years ago, we made a deliberate decision to diversify Perion away from the open web. This diversification was driven by both our organic investments in CTV and Retail Media. This diversification was driven by both our organic investment in CTV and retail me...