Perion Network (NASDAQ:PERI) Issues Earnings Results

Perion Network (NASDAQ:PERI) released its earnings results on Wednesday. The technology company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49, FiscalAI reports. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.36%. The firm had revenue of $137.14 million during the quarter, compared to the consensus estimate of $136.53 million.

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

• Perion completed a strategic reset into Perion One, positioning an AI-native execution infrastructure centered on the Outmax agent and announcing partnerships with Amazon, Walmart and Mastercard to drive cross-channel media execution.
• Q4/FY25 financials strengthened — Contribution ex-TAC +19% YoY to $65.2M, Q4 Adjusted EBITDA +53% to $24.3M, sharply higher operating cash flow, $313M net cash, and $118M of share repurchases executed to date.
• Core growth engines are outpacing the market — CTV +59% in Q4, digital out-of-home +28% in Q4, retail media +42% in Q4 — and management targets Perion One spend CAGR ≥25%, contribution ex-TAC CAGR ≥20%, and a 28% Adjusted EBITDA-to-contribution margin by 2028.
• Near-term uncertainties and legacy headwinds — 2026 guidance is a wide range (Contribution ex-TAC $215–235M; Adj. EBITDA $50–54M), advertiser visibility is limited to 3–6 months, web/search are declining (web -17% in Q4) and the company posted a GAAP full‑year loss, creating execution and timing risk for ambitious 2028 targets.

Perion Network Stock Up 2.6%

Shares of PERI opened at $9.10 on Friday. The business’s 50-day moving average price is $9.27 and its 200-day moving average price is $9.47. Perion Network has a twelve month low of $6.99 and a twelve month high of $11.79. The stock has a market cap of $373.19 million, a PE ratio of -50.55, a P/E/G ratio of 0.69 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen lowered Perion Network from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Roth Mkm reiterated a “buy” rating and set a $14.50 price target (up previously from $14.00) on shares of Perion Network in a research note on Thursday, November 13th. Finally, Lake Street Capital set a $14.00 price objective on Perion Network in a report on Thursday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Perion Network presently has a consensus rating of “Hold” and a consensus price target of $14.17.

Hedge Funds Weigh In On Perion Network

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

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.