Perion Network Ltd. Reports First Quarter 2026 Results

Perion Network Ltd. reported its financial results for the first quarter ended March 31, 2026. Total revenue was $90.4 million, a 1% increase year-over-year. Contribution ex-TAC remained flat at $39.7 million, with a 44% margin. Adjusted EBITDA was $0.5 million. The company reported $6.7 million in cash flow from operations and $7.0 million in adjusted free cash flow. Perion Network Ltd. reiterated its full-year 2026 guidance, expecting Contribution ex-TAC between $215 to $235 million and Adjusted EBITDA between $50 to $54 million. The company also repurchased 2.5 million shares for $24.1 million in the first quarter. Key growth drivers included a 316% year-over-year increase in Outmax AI agent spend, a 68% increase in CTV spend, and a 29% increase in DOOH spend. The company expanded partnerships, including an exclusive Outmax partnership in Africa and the availability of Outmax AI agent on TikTok.