Perion Network Ltd (PERI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

rooms rather than webinar. So yeah, so for things like that, we won't use it. But yeah. And I'm not sure whether the Americans are going to start using it or not. You shall see. No music for this one. No, it's just that event will start shortly side. Which is nice because for so many events, I have to get new holding sides for this. They've just given us these basic ones and we reuse them every time, which makes life so much easier. And I like to say I like the kind of neon pink and then the black and white. Absolutely. Check that out. Good morning and thank you for joining us on the Payone's Earnings Call for the fourth quarter and full year of 2025. 2025 was a defining year for Perion. For a company that has been around since 1999, we consider 2025 as year one for the new Perion, a year in which we change everything except our name. We redefine our mission, our strategy, our technology, our organizational structure, and even our executive team, all in one year. Today, as a result, Peron's consolidated profitability margins are expected to expand into 2028. We have always prided ourselves on being a highly profitable and cash-generative business, and our 2028 target plan is designed to amplify that. Even as we continue to invest in our AI infrastructure, we expect to maintain a high adjusted free cash flow conversion ratio. To summarize, the Perion One model is a combination of top-line growth, increased efficiency, and strong and sustainable cash flow generation. Perion enters 2026 stronger and more focused than ever. We have the technology, the balance sheet, and the strategy to deliver significant value to our shareholders. With that, I will turn the call back to the operator for questions. Great. I didn't get the audio right at the start of the video. I got the ...