The earnings call highlighted significant growth in digital out-of-home and retail media verticals, along with successful integration of Greenbids and strong cash flow. However, the decline in CTV revenue and a GAAP net loss underscore challenges. Overall, the sentiment is balanced with notable achievements and ongoing challenges.

Company Guidance

During the Perion Network Q2 2025 earnings call, strong financial metrics and strategic advancements were highlighted. The company reported a year-over-year non-search revenue growth for the first time since Q3 2023, driven by digital out-of-home, retail media, and web sectors. Despite a 5% decline in CTV revenue, the company remains optimistic about annual growth, bolstered by the launch of a new performance CTV solution. Perion's advertising solutions revenue increased by 8%, contributing to a total revenue of $103 million for the quarter. The contribution ex-TAC margin remained stable at 46%, while adjusted EBITDA was reported at $7.1 million, with an adjusted EBITDA margin of 7% and a 15% ex-TAC margin. The company generated $21.3 million in operating cash flow, maintaining a robust cash position with $318.5 million in cash and equivalents. Looking ahead, Perion reaffirmed its full-year 2025 guidance, anticipating revenue between $430 million to $450 million and adjusted EBITDA between $44 million to $46 million, driven by strategic growth initiatives such as Perion One and recent acquisitions like Greenbids to enhance AI-driven capabilities.

Advertising Solutions Revenue Growth

For the first time since Q3 2023, advertising solutions revenue is up year-over-year, showing an 8% increase.

Digital Out-of-Home Growth

Digital out-of-home revenue increased by 35% year-over-year, expanding global programmatic presence through strategic partnerships.

Retail Media Vertical Growth

Retail media revenue grew by 27% year-over-year, generating $22.3 million in Q2.

Acquisition Synergies with Greenbids

The acquisition of Greenbids is on track, generating more than $1 million in deals and positive market reactions.

Strong Cash Flow and Buyback Program

Generated $21.3 million in operating cash flow. Continued share buyback program with $33.4 million repurchased in Q2.

Launch of Performance CTV Solution

Launched a new performance CTV solution within Perion One, targeting real KPIs and return on ad spend.

Perion Network (PERI) Earnings, Revenues Date & History

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PERI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.25 / -	0.23	―	―	―
Aug 11, 2025	2025 (Q2)	0.17 / 0.26	0.26	0.00% (0.00)
May 13, 2025	2025 (Q1)	0.09 / 0.11	0.44	-75.00% (-0.33)
Feb 19, 2025	2024 (Q4)	0.33 / 0.33	1.04	-68.27% (-0.71)
Nov 06, 2024	2024 (Q3)	0.20 / 0.23	0.84	-72.62% (-0.61)
Jul 31, 2024	2024 (Q2)	0.21 / 0.26	0.84	-69.05% (-0.58)
May 08, 2024	2024 (Q1)	0.38 / 0.44	0.6	-26.67% (-0.16)
Feb 07, 2024	2023 (Q4)	0.93 / 1.04	0.9	15.56% (+0.14)
Nov 01, 2023	2023 (Q3)	0.74 / 0.84	0.61	37.70% (+0.23)
Aug 02, 2023	2023 (Q2)	0.72 / 0.84	0.51	64.71% (+0.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PERI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$10.21	$9.19	-9.99%
May 13, 2025	$9.57	$10.85	+13.38%
Feb 19, 2025	$9.75	$8.55	-12.31%
Nov 06, 2024	$8.45	$9.05	+7.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.