Perion Network Ltd. announced robust financial results for the fourth quarter of 2025, with Contribution ex-TAC increasing by 19% year-over-year and Adjusted EBITDA surging by 53%. The company's strategic shift to the AI-native Perion One platform has been highlighted as a key driver of growth, with strong performance across CTV, DOOH, and Retail Media verticals. Perion also provided optimistic 2026 guidance and 2028 targets, emphasizing durable organic growth.

Perion delivered solid top-line growth in Q3 2025, driven by strong performances in CTV, DOOH, and Retail Media. Despite a GAAP net loss, non-GAAP earnings improved and EBITDA margin expanded due to disciplined execution and cost management.

Revenue was $103.0M; GAAP EPS was -$0.08 (net loss $3.471M) while non-GAAP diluted EPS was $0.26. Advertising Solutions delivered $80.571M in revenue, while Search Advertising contributed $22.410M. Adjusted EBITDA came in at $7.064M, and adjusted free cash flow reached $20.747M.

Perion's Q1 2025 results reflected a sharp drop in total revenue and GAAP earnings due to reduced Search advertising revenue, following changes by Microsoft Bing. However, robust performance in Digital Out of Home, Connected TV, and Retail Media segments helped offset the decline. The company raised its full-year outlook and acquired Greenbids to enhance AI ad capabilities.