Quarterly ResultJun 29, 2026, 07:12 AM
Perion Q1 Revenue $90.4M; Reaffirms FY26 Guidance & 2028 Targets
AI Summary
Perion Network Ltd. reported Q1 2026 revenue of $90.4 million and Contribution ex-TAC of $39.7 million, with Adjusted EBITDA at $0.5 million. The company reaffirmed its full-year 2026 guidance, projecting Contribution ex-TAC between $215 million and $235 million and Adjusted EBITDA between $50 million and $54 million. Perion also highlighted strong growth in its key engines, including CTV spend up 68% YoY and Outmax AI Agent spend up 316% YoY, alongside new strategic partnerships with Amazon DSP, Walmart Connect, and Mastercard. The company remains on track with its 2028 growth targets for its Perion One platform.
Key Highlights
- Q1 2026 Revenue was $90.4M, with Contribution ex-TAC of $39.7M.
- Q1 2026 Adjusted EBITDA was $0.5M and Adjusted Free Cash Flow was $7.0M.
- Reaffirmed FY 2026 Contribution ex-TAC guidance of $215M-$235M.
- Reaffirmed FY 2026 Adjusted EBITDA guidance of $50M-$54M.
- Repurchased 2.5M shares for $24.1M in Q1 2026.
- CTV channel spend grew 68% YoY in Q1 2026, outpacing market growth.
- Outmax AI Agent spend increased 316% YoY in Q1 2026.
- Announced new partnerships with Amazon DSP, Walmart Connect, and Mastercard.
Price Impact
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