Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform. The company also offers supply management platform; demand management platform for campaign planning and design; analytics platform, which provides information and performance insights on the results of campaign investment and other campaign metrics; creative platform to create advertisements; and an AI platform that uses machine learning to bring intelligence to the various phases of campaigns. In addition, it provides an actionable performance monitoring platform to support the various phases of campaign management; an online video player and integrated ad server to upload, manage, and stream video content; content monetization system, which integrates ads within the content layouts at the page level. Further, the company offers a publisher management system that provides analytics and performance optimization tools, as well as reports; search-demand management systems; monetization products that integrate and onboards demand vendors; and AI Systems. Additionally, it provides Intelligent HUB (iHUB), a platform for pulling in signals across various advertising channels and optimizing traffic at scale, and yielding engagement metrics and KPIs; and strategic optimization of relevant traits (SORT), a provisional patent technology that eliminates the need for cookies. The company was formerly known as IncrediMail Ltd. and changed its name to Perion Network Ltd. in November 2011. Perion Network Ltd. was incorporated in 1999 and is headquartered in Holon, Israel.
Perion Reports Second Quarter 2026 Results
Perion reported Q2 revenue of $98.2 million, down 5% year-over-year, primarily due to a decline in the Web channel, but Perion One spend accelerated 15% YoY to $156.7 million driven by strong growth in CTV, DOOH, and Retail Media.
Management narrowed full-year 2026 guidance, maintaining the midpoint for Contribution ex-TAC at $220 million while raising the Adjusted EBITDA midpoint to $52 million, supported by recent strategic wins and completed efficiency measures.
The company returned significant capital to shareholders, repurchasing 2.7 million shares for $24.5 million in the quarter, bringing total repurchases to $166.8 million under its $200 million authorization.