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Perion Network
Perion Network (PERI) investor relations material
Perion Network Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary18 Feb, 2026
Executive summary
2025 marked a strategic transformation, unifying solutions under the Perion One AI-native platform, launching Outmax, and focusing on execution and scale.
Growth engines in CTV, DOOH, and Retail Media delivered high double-digit growth, outpacing the market by more than 2x.
Expanded partnerships with Amazon DSP, Walmart Connect, and Mastercard, and acquired Greenbids to enhance AI capabilities.
Strengthened executive team and organizational restructuring for efficiency and scalability.
$200M share repurchase plan authorized, with $118M executed by year-end.
Financial highlights
Q4 2025 revenue grew 6% YoY to $137.1M; Contribution ex-TAC up 19% to $65.2M; Adjusted EBITDA rose 53% to $24.3M.
Full-year 2025 revenue was $439.9M, down 12% YoY; Contribution ex-TAC $203.4M, down 4% YoY; Adjusted EBITDA $45.2M, down 12% YoY.
GAAP net income for Q4 was $8M ($0.19/diluted share), up 61% YoY; non-GAAP net income $21.4M ($0.49/diluted share), up 30%.
Operating cash flow for Q4 was $21.8M, up 403% YoY; full-year operating cash flow was $41.9M.
Ended 2025 with $312.9M in net cash.
Outlook and guidance
2026 guidance: Contribution ex-TAC of $215M–$235M and Adjusted EBITDA of $50M–$54M.
By 2028, targets include Perion One performance spend CAGR of at least 25%, Contribution ex-TAC CAGR of at least 20%, and Adjusted EBITDA margin of 28% of Contribution ex-TAC.
Perion One expected to comprise 85–90% of consolidated Contribution ex-TAC by 2026.
Reconcile Search Advertising FY vs Q4 performance
Quantify Perion One's impact on 2026 guidance
Capital allocation plan given declining net cash
Quantify Outmax's ROI uplift for advertisers
Perion One's cross-channel optimization advantage
What sustains growth in core ad channels?
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Latest events from Perion Network
- Q2 revenue dropped 39% as search fell, but Retail Media, CTV, and DOOH posted strong growth.PERI
Q2 20242 Feb 2026 - Growth is driven by CTV, out-of-home, and automation, with buybacks and M&A supporting strategy.PERIOppenheimer 27th Virtual Annual Technology, Internet & Communications Conference2 Feb 2026
- AI-powered omni-channel ad platform drives double-digit growth in retail media and CTV.PERIWedbush Securities AdTech Conference19 Jan 2026
- Revenue and profit fell sharply, but DOOH and Retail Media posted strong growth.PERIQ3 202416 Jan 2026
- A 2025 pivot created an AI-driven, performance-focused ad platform, driving growth and efficiency.PERI28th Annual Needham Growth Conference Virtual14 Jan 2026
- Omnichannel, AI-driven solutions and retail media are driving growth and strategic focus.PERIRaymond James TMT and Consumer Conference11 Jan 2026
- Omnichannel, AI-powered ad solutions and out-of-home expansion drive 2025 growth focus.PERI27th Annual Needham Growth Conference10 Jan 2026
- Revenue fell 33%, but DOOH, CTV, and Retail Media growth and Perion One drive future focus.PERIQ4 202423 Dec 2025
- AI-driven, unified platform fuels growth in CTV, Out-of-Home, and retail media with focus on ROI.PERIRaymond James TMT and Consumer Conference9 Dec 2025
Next Perion Network earnings date
Q1 202612 May, 2026
Perion Network
Next Perion Network earnings date
Q1 202612 May, 2026
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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