Perion Network (NASDAQ:PERI) Issues Quarterly Earnings Results

Perion Network (NASDAQ:PERI) posted its quarterly earnings data on Wednesday. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05, FiscalAI reports. Perion Network had a positive return on equity of 3.29% and a negative net margin of 2.17%.The firm had revenue of $90.37 million for the quarter, compared to analysts’ expectations of $91.74 million.

Here are the key takeaways from Perion Network’s conference call:

• Perion said Perion One spend rose 6% year over year, with particularly strong growth in CTV, digital out-of-home, and retail media, which management called evidence of accelerating adoption of its AI-native platform.
• Outmax remained a standout growth driver, growing more than 300% and generating over $1 million of TikTok spend in Q1, with early TikTok results reportedly showing up to a 25% performance lift.
• Financially, Q1 revenue was $90.4 million, Contribution ex-TAC was flat at $39.7 million, and adjusted EBITDA fell to $0.5 million from $1.8 million a year ago due to higher go-to-market investment and foreign exchange headwinds.
• Management said it is reframing reporting around spend rather than channel revenue breakdowns, arguing that spend and Perion One contribution ex-TAC are better indicators of platform adoption as the business becomes more channel-agnostic.
• Perion highlighted a strong balance sheet with $293 million in cash and said it repurchased 2.5 million shares for $24.1 million in the quarter, while reiterating full-year 2026 guidance and expecting a meaningful second-half ramp in revenue and EBITDA.

Perion Network Stock Down 1.9%

Shares of NASDAQ:PERI opened at $8.84 on Friday. Perion Network has a twelve month low of $8.06 and a twelve month high of $11.44. The stock’s 50 day moving average is $9.99 and its 200-day moving average is $9.57. The firm has a market capitalization of $345.03 million, a price-to-earnings ratio of -35.36, a PEG ratio of 0.82 and a beta of 1.31.

Key Perion Network News

Here are the key news stories impacting Perion Network this week:

• Positive Sentiment: Perion beat Q1 earnings estimates, reporting adjusted EPS of $0.11 versus consensus at $0.06, which suggests better-than-expected profitability. Perion Network (PERI) Q1 Earnings Top Estimates
• Positive Sentiment: Management said adoption is improving for the Perion One platform and Outmax AI Agent technology, with new customer and global partnership momentum supporting the long-term growth story. Perion Reports First Quarter 2026 Results
• Neutral Sentiment: The company reaffirmed its full-year outlook, which may have helped offset some of the negative reaction to the quarterly miss and provides investors with guidance continuity. Perion Network shares gain as company reaffirms full-year outlook despite revenue miss (PERI)
• Negative Sentiment: Revenue of $90.37 million missed estimates of $91.74 million, and the market also noted a wider first-quarter loss, which is weighing on the stock. Perion Network Shares Slide After Wider 1Q Loss, Revenue Miss

Wall Street Analyst Weigh In

A number of research analysts recently commented on PERI shares. Wall Street Zen cut Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Perion Network in a research note on Thursday, January 22nd. Canaccord Genuity Group started coverage on Perion Network in a research note on Friday, March 20th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Lake Street Capital set a $13.00 price objective on Perion Network and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.88.

Insider Buying and Selling at Perion Network

In other news, Director Eyal Kaplan sold 2,915 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total transaction of $29,150.00. Following the transaction, the director directly owned 57,058 shares of the company’s stock, valued at $570,580. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 6,764 shares of company stock worth $67,640 over the last quarter. 2.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Perion Network

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its position in Perion Network by 209.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after buying an additional 1,843 shares during the last quarter. State of Wyoming grew its stake in shares of Perion Network by 11.0% during the 2nd quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock worth $225,000 after acquiring an additional 2,196 shares during the period. Squarepoint Ops LLC grew its stake in shares of Perion Network by 21.8% during the 3rd quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,581 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Perion Network by 7.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,809 shares of the technology company’s stock worth $526,000 after purchasing an additional 3,664 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Perion Network by 20.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 42,115 shares of the technology company’s stock worth $427,000 after purchasing an additional 7,028 shares in the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

About Perion Network

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.