Israel's Perion Network Q1 revenue rises on CTV and search gains

Perion Network

20/05/2026 12:11

Overview

Israel digital ad tech firm's Q1 revenue rose 1% yr/yr, with CTV and search gains

Company repurchased 2.5 mln shares for $24.1 mln in Q1

Outlook

Perion reiterates 2026 contribution ex-TAC guidance of $215 mln to $235 mln

Company maintains 2026 adjusted EBITDA forecast of $50 mln to $54 mln

Result Drivers

AI PRODUCT ADOPTION - Co said rapid adoption of Outmax AI Agent drove 316% yr/yr spend growth

CHANNEL MIX - Decline in Web channel offset gains in CTV and DOOH, limiting overall revenue growth, per co

NEW PARTNERSHIPS - Co cited exclusive Outmax partnership in Africa and TikTok launch as expanding distribution

Company press release: ID:nBw4SR010a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$0.11
Q1 EPS
-$0.26
Q1 Adjusted Net Income
Beat
$4.80 mln
Q1 Net Income
-$10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Perion Network Ltd is $14.00, about 31.2% above its May 19 closing price of $10.67

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)