Perion Earnings Reports

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.