Quarterly ResultMay 20, 2026, 07:12 AM
Perion Q1 Revenue Up 1% to $90.4M; Reiterates 2026 Guidance
AI Summary
Perion Network Ltd. reported its first quarter 2026 financial results, with total revenue increasing 1% year-over-year to $90.4 million. While GAAP net loss widened to $(10.0) million and Adjusted EBITDA significantly declined to $0.5 million, the company saw strong growth in key segments like Outmax AI agent spend (+316%), CTV spend (+68%), and DOOH spend (+29%). Cash flow from operations turned positive at $6.7 million, and Perion reiterated its full-year 2026 guidance, alongside announcing strategic expansions for its Outmax AI agent.
Key Highlights
- Total revenue increased 1% year-over-year to $90.4 million in Q1 2026.
- GAAP net loss was $(10.0) million, compared to $(8.3) million in Q1 2025.
- Adjusted EBITDA decreased 75% year-over-year to $0.5 million.
- Cash flow from operations was $6.7 million, a significant improvement from $(7.1) million in Q1 2025.
- Outmax AI agent spend grew 316% YoY, CTV spend grew 68% YoY, and DOOH spend grew 29% YoY.
- The company repurchased 2.5 million shares for $24.1 million during Q1 2026.
- Perion reiterated its full-year 2026 guidance for Contribution ex-TAC ($215-$235M) and Adjusted EBITDA ($50-$54M).
- Outmax AI agent expanded to TikTok and secured an exclusive partnership in Africa.
Price Impact
More from PERI