Perion Network Ltd. Reports Second Quarter 2026 Results

Perion Network Ltd. reported its financial results for the second quarter ended June 30, 2026. The company experienced a 15% year-over-year increase in Perion One adoption, with significant growth in Connected TV (CTV), Digital Out-of-Home (DOOH), Retail Media, and the Outmax AI Agent. Total revenue for the quarter was $98.2 million, a decrease of 5% compared to the second quarter of 2025. Contribution ex-TAC was $42.3 million, with a 43% margin. Adjusted EBITDA was $2.8 million. The company repurchased 2.7 million shares for $24.5 million during the quarter. Perion also announced a narrowing of its full-year 2026 guidance, now expecting Contribution ex-TAC between $215 to $225 million and Adjusted EBITDA between $51 to $53 million. Key business highlights include strategic wins with Best Buy Canada and GS Netvision, the launch of the Ask Perion AI application, and a new data partnership with Fetch.