Perion Network Ltd. (NASDAQ:PERI) reported Q1 results that missed revenue estimates. Despite that, shares rose 4% in pre-market trading.
The company maintained its full-year 2026 guidance. Adjusted EPS was $0.11, below the $0.13 consensus.
Revenue reached $90.4 million, below the $92.92 million estimate but up 1% YoY.
CEO Tal Jacobson highlighted progress on the Perion One platform and Outmax AI Agent technology, with growing customer adoption.
Outmax AI agent spend surged 316% YoY, CTV spend rose 68%, and DOOH spend grew 29%.
Advertising solutions revenue fell 4% to $66.7 million, while search advertising revenue rose 21% to $23.7 million.
Perion repurchased 2.5 million shares for $24.1 million. Cash and equivalents stood at $293 million.












