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Business Wire
12 hours ago
- Business
- Business Wire
Perion Reports Second Quarter 2025 Results
NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- Perion Network Ltd. (NASDAQ and TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, today reported its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights 1 In millions, except per share data Three months ended Six months ended June 30, June 30, 2025 2024 % 2025 2024 % Advertising Solutions Revenue $ 80.6 $ 74.4 8% $ 150.3 $ 150.2 0% Search Advertising Revenue $ 22.4 $ 34.3 (35%) $ 42.0 $ 116.4 (64%) Total Revenue $ 103.0 $ 108.7 (5%) $ 192.3 $ 266.5 (28%) Contribution ex-TAC (Revenue ex-TAC) $ 47.6 $ 49.8 (4%) $ 87.3 $ 110.0 (4%) GAAP Net Income (Loss) $ (3.5) $ (6.2) 44% $ (11.8) $ 5.6 NM Non-GAAP Net Income $ 12.0 $ 13.4 (11%) $ 17.3 $ 36.0 (52%) Adjusted EBITDA $ 7.1 $ 7.7 (8%) $ 8.9 $ 28.0 (68%) Adjusted EBITDA to Contribution ex-TAC 15% 15% 10% 25% Net Cash from Operations $ 21.3 $ (20.5) NM $ 14.2 $ (13.6) NM Adjusted Free Cash Flow $ 20.7 $ (11.4) NM $ 13.3 $ (4.9) NM GAAP Diluted EPS $ (0.08) $ (0.13) 38% $ (0.27) $ 0.11 NM Non-GAAP Diluted EPS $ 0.26 $ 0.26 0% $ 0.36 $ 0.71 (49%) Expand ___________________________________ 1 Contribution ex-TAC, non-GAAP Net Income, Adjusted EBITDA, Adjusted Free Cash Flow and non-GAAP Diluted EPS are non-GAAP measures. See below reconciliation of GAAP to non-GAAP measures Expand Business & Financial Highlights Advertising Solutions revenue increased 8%, first YoY gain since Q3'23 Strong operating cash flow and adjusted free cash flow of $21.3 million and $ 20.7 million, respectively Channels DOOH revenue increased 35% YoY to $17.6 million Web revenue increased 5% YoY to $53.1 million CTV revenue decreased 5% YoY to $9.7 million Search revenue decreased 35% YoY to $22.4 million Retail Media 2 vertical revenue increased 27% YoY to $22.3 million Greenbids synergies on track, winning custom algo deals from Perion's existing (non-Greenbids) customers, unlocking over one million dollars in booked business within the first 3 months post acquisition Launch of Performance CTV Solution to capture share in $36B+ high-growth streaming ad market 3 Expanding into Korea through strategic partnerships with KT Corporation and NHN AD, unlocking access to APAC's high-growth $21B DOOH market Expanding EMEA DOOH reach and growth through strategic partnerships in Europe Anat Paran joins Perion as the new Chief Operating Officer, bringing a wealth of operational and organizational leadership Second quarter share repurchase of 3.6 million shares for the amount of $33.4 million Reiterating FY 2025 guidance ___________________________________ 2 Retail Media revenue includes several media channels, such as CTV, DOOH, and others 3 2026 forecast for Connected TV ad spending in the U.S. according to eMarketer (July 2025) Expand 'Our second quarter financial performance reflects our progress and early validation of our Perion One strategy, marked by first quarter of year-over-year growth in Advertising Solutions revenue since the third quarter of 2023, signaling that we are beginning to reap the fruits of our transformation,' said Tal Jacobson, Perion's CEO. 'As our financial performance continues to improve, we are also making significant progress in executing our business strategy. The integration of Greenbids into Perion is fully on track, and we are already benefiting from tangible synergies, reflected in early wins of custom algorithm deals from existing and new customers,' added Mr. Jacobson. 'Further expanding our Perion One platform offering, earlier today we announced the launch of our new performance CTV solution, enabling us to activate outcome-based video campaigns across premium streaming environments, with enhanced creative formats and advanced attribution. As CTV ad spend continues to shift toward performance-driven models, we believe this offering significantly strengthens our value proposition.' 'At the same time, our expansion into Korea, alongside new partnerships across Europe, marks another strong step in Perion's global growth strategy,' Mr. Jacobson continued. 'It reflects the trust leading companies place in our technology and the strength of our partnerships as we scale across both new and existing markets.' Revenue and Trends by channel 4 ___________________________________ 4 Numbers may not add up due to rounding Expand Financial Outlook for Full-Year 2025 5 Based on current expectations, the Company is reiterating its full-year 2025 outlook ranges: Revenue of $430 to $450 million Adjusted EBITDA 6 of $44 to $46 million Adjusted EBITDA 6 to contribution ex-TAC 6 of 22% at the midpoint Mr. Jacobson concluded: 'While 2025 is a year of transition and transformation for Perion, our financial and business performance represent another meaningful step forward in our journey to cement Perion as a one-stop solution for brands, agencies, and retailers, and become the platform of choice for CMOs seeking transparency, efficiency, and measurable performance across digital channels.' ___________________________________ 5 We have not provided an outlook for GAAP Income from operations or reconciliation of Adjusted EBITDA guidance to GAAP Income from operations, the closest corresponding GAAP measure, because we do not provide guidance for certain of the reconciling items on a consistent basis due to the variability and complexity of these items, including but not limited to the measures and effects of our stock-based compensation expenses directly impacted by unpredictable fluctuation in our share price and amortization in connection with future acquisitions. Hence, we are unable to quantify these amounts without unreasonable efforts. 6 Contribution ex-TAC and Adjusted EBITDA are non-GAAP measures. See below reconciliation of GAAP to non-GAAP measures. Expand Share Repurchase Program In March 2025, Perion's Board of Directors authorized a $50 million expansion of the previously authorized share repurchase program of $75 million of its outstanding shares, to a total of $125 million During the second quarter of 2025, the company repurchased a total of 3.6 million shares at a total amount of $33.4 million. As of June 30, 2025, the company repurchased a total of 9.6 million shares at a total amount of $86.7 million. Financial Comparison for the Second Quarter of 2025 Revenue: Revenue decreased by 5% to $103.0 million in the second quarter of 2025 from $108.7 million in the second quarter of 2024. Advertising Solutions revenue increased 8% year-over-year, accounting for 78% of revenue, primarily due to a 35% increase in Digital Out of Home revenue and a 5% increase in our Web channel, partially offset by 5% decline in CTV revenue. Search Advertising revenue decreased by 35% year-over-year, accounting for 22% of revenue, following the previously announced changes implemented by Microsoft Bing in 2024. Traffic Acquisition Costs and Media Buy ('TAC'): TAC amounted to $55.4 million, or 54% of revenue, in the second quarter of 2025, compared with $58.9 million, or 54% of revenue, in the second quarter of 2024. GAAP Net Income (Loss): GAAP net loss decreased by 44% to a loss of $3.5 million in the second quarter of 2025, compared with a GAAP net loss of $6.2 million in the second quarter of 2024. Non-GAAP Net Income: Non-GAAP net income was $12.0 million, or 12% of revenue, in the second quarter of 2025, compared with $13.4 million, or 12% of revenue, in the second quarter of 2024. A reconciliation of GAAP to non-GAAP net income is included in this press release. Adjusted EBITDA: Adjusted EBITDA was $7.1 million, or 7% of revenue (and 15% of Contribution ex-TAC) in the second quarter of 2025, compared with $7.7 million, or 7% of revenue (and 15% of Contribution ex-TAC) in the second quarter of 2024. A reconciliation of GAAP income from operations to Adjusted EBITDA is included in this press release. Cash Flow from Operations: Net cash from operating activities in the second quarter of 2025 was $21.3 million, compared with $20.5 million that were used in the second quarter of 2024. Operating cash flow includes approximately $8 million in customer collection that shifted from March 2025 to April 2025. Net cash: As of June 30, 2025, cash and cash equivalents, short-term bank deposits and marketable securities, amounted to $318.5 million, compared with $373.3 million as of December 31, 2024. Conference Call Perion's management will host a conference call to discuss the results at 8:30 a.m. ET today: Registration link: A replay of the call and a transcript will be available within approximately 24 hours of the live event on Perion's website. About Perion Network Ltd. Perion helps brands, agencies, and retailers maximize the value of their advertising investments with advanced AI and creative technologies. Its unified platform, Perion One, bridges media, data, and performance across digital channels to deliver superior results in an increasingly complex advertising environment. For more information, visit Non-GAAP Measures Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude certain items. This press release includes certain non-GAAP measures, including Contribution ex-TAC and Adjusted EBITDA. Contribution ex-TAC presents revenue reduced by traffic acquisition costs and media buy, reflecting a portion of our revenue that must be directly passed to publishers or advertisers and presents our revenue excluding such items. We believe Contribution ex-TAC is a useful measure in assessing the performance of the Company because it facilitates a consistent comparison against our core business without considering the impact of traffic acquisition costs and media buy related to revenue reported on a gross basis. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ('Adjusted EBITDA') is defined as income from operations excluding stock-based compensation expenses, restructuring costs, unusual legal costs, depreciation, amortization of acquired intangible assets, retention and other acquisition-related expenses, as well as gains and losses recognized with respect to changes in fair value of contingent consideration. Adjusted free cash flow is defined as net cash provided by (or used in) operating activities less cash used for the purchase of property and equipment, but excluding the purchase of property and equipment related to our new corporate headquarter office and the portion of the cash payment of contingent consideration in excess of the acquisition date fair value, as we do not view either of those expenses as reflective of our normal on-going expenses. It is important to note that these expenses are in fact cash expenditures. Non-GAAP net income and non-GAAP diluted earnings per share are defined as net income (loss) and net earnings (loss) per share excluding stock-based compensation expenses, restructuring costs, unusual legal costs, retention and other acquisition-related expenses, amortization of acquired intangible assets and the related taxes thereon, foreign exchange gains and losses associated with ASC-842, as well as gains and losses recognized with respect to changes in fair value of contingent consideration. The purpose of such adjustments is to give an indication of our performance exclusive of non-cash charges and other items that are considered by management to be outside of our core operating results. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Furthermore, the non-GAAP measures are regularly used internally to understand, manage and evaluate our business and make operating decisions, and we believe that they are useful to investors as a consistent and comparable measure of the ongoing performance of our business. However, our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, we are unable to quantify certain amounts that would be required for such presentation without unreasonable effort. Consequently, no reconciliation of the forward-looking non-GAAP financial measures is included in this press release. A reconciliation between results on a GAAP and non-GAAP basis is provided in the last table of this press release. Forward Looking Statements This press release contains historical information and forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe- harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words 'will,' 'believe,' 'expect,' 'intend,' 'plan,' 'should,' 'estimate' and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. All statements other than statements of historical fact included in this press release are forward-looking statements. Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including, but not limited to, political, economic and other developments (including the current war between Israel and Hamas and other armed groups in the region), the failure to realize the anticipated benefits of companies and businesses we acquired and may acquire in the future, risks entailed in integrating the companies and businesses we acquire, including employee retention and customer acceptance, the risk that such transactions will divert management and other resources from the ongoing operations of the business or otherwise disrupt the conduct of those businesses, and general risks associated with the business of Perion including, the transformation in our strategy, intended to unify our business units under the Perion brand (Perion One), intense and frequent changes in the markets in which the businesses operate and in general economic and business conditions (including the fluctuation of our share price), loss of key customers or of other partners that are material to our business, the outcome of any pending or future proceedings against Perion, data breaches, cyber-attacks and other similar incidents, unpredictable sales cycles, competitive pressures, market acceptance of new products and of the Perion One strategy, changes in applicable laws and regulations as well as industry self-regulation, negative or unexpected tax consequences, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, whether referenced or not referenced in this press release. We urge you to consider those factors, together with the other risks and uncertainties described in our most recent Annual Report on Form 20-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (SEC) on March 25, 2025, and our other reports filed with the SEC, in evaluating our forward-looking statements and other risks and uncertainties that may affect Perion and its results of operations. Perion does not assume any obligation to update these forward-looking statements. PERION NETWORK LTD. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS In thousands Three months ended Six months ended June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Cash flows from operating activities Net Income (loss) $ (3,471) $ (6,209) $ (11,817) $ 5,559 Adjustments required to reconcile net income to net cash provided by operating activities: Depreciation and amortization 4,294 4,773 7,766 9,331 Stock-based compensation expense 7,494 5,686 15,081 11,105 Foreign currency translation (77) 7 (67) 29 Accrued interest, net (1,216) 1,043 1,698 2,781 Deferred taxes, net 2,128 (1,403) 5,447 (1,835) Accrued severance pay, net 151 (246) (847) (404) Restructuring costs - 6,895 1,322 6,895 Gain from sale of property and equipment (12) - (37) (8) Net changes in operating assets and liabilities 12,001 (31,080) (4,305) (47,091) Net cash provided (used in) by operating activities $ 21,292 $ (20,534) $ 14,241 $ (13,638) Cash flows from investing activities Purchases of property and equipment, net of sales (1,074) (692) (2,771) (1,131) Capitalization of development costs (413) - (413) - Investment in marketable securities, net of sales 6,922 3,644 18,493 1,709 Short-term deposits, net (4,305) 40,401 (6,288) 22,712 Cash paid in connection with acquisitions, net of cash acquired (26,566) - (26,566) - Net cash provided by (used in) investing activities $ (25,436) $ 43,353 $ (17,545) $ 23,290 Cash flows from financing activities Proceeds from exercise of stock-based compensation 19 107 36 366 Payments of contingent consideration - (31,702) - (31,702) Purchase of treasury stock (33,257) (20,052) (39,758) (20,052) Net cash used in financing activities $ (33,238) $ (51,647) $ (39,722) $ (51,388) Effect of exchange rate changes on cash and cash equivalents and restricted cash 318 (35) 462 (113) Net decrease in cash and cash equivalents and restricted cash (37,064) (28,863) (42,564) (41,849) 151,862 175,962 157,362 188,948 Cash and cash equivalents and restricted cash at end of period $ 114,798 $ 147,099 $ 114,798 $ 147,099 Expand Expand Three months ended Six months ended June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) GAAP Loss from Operations $ (7,366) $ (12,909) $ (20,393) $ (4,404) Stock-based compensation expenses 7,494 5,686 15,081 11,105 Retention and other acquisition related expenses 2,452 1,713 4,330 3,509 Unusual legal costs 190 - 754 - Change in fair value of contingent consideration - 1,541 - 1,541 Amortization of acquired intangible assets 3,716 4,259 6,630 8,345 Restructuring costs - 6,895 1,322 6,895 Depreciation 578 514 1,136 986 Adjusted EBITDA $ 7,064 $ 7,699 $ 8,860 $ 27,977 Expand PERION NETWORK LTD. AND ITS SUBSIDIARIES In thousands (except share and per share data) Three months ended Six months ended June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) GAAP Net Income (loss) $ (3,471) $ (6,209) $ (11,817) $ 5,559 Stock-based compensation expenses 7,494 5,686 15,081 11,105 Amortization of acquired intangible assets 3,716 4,259 6,630 8,345 Retention and other acquisition related expenses 2,452 1,713 4,330 3,509 Unusual legal costs 190 - 754 - Change in fair value of contingent consideration - 1,541 - 1,541 Restructuring costs - 6,895 1,322 6,895 Foreign exchange losses (gains) associated with ASC-842 1,951 (155) 1,591 (165) Taxes on the above items (368) (303) (556) (801) $ 11,964 $ 13,427 $ 17,335 $ 35,988 Expand
Associated Press
12 hours ago
- Business
- Associated Press
Perion Reports Second Quarter 2025 Results
NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Aug 11, 2025-- Perion Network Ltd. (NASDAQ and TASE: PERI ), a leader in advanced technology solving for the complexities of modern advertising, today reported its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights 1 Business & Financial Highlights 'Our second quarter financial performance reflects our progress and early validation of our Perion One strategy, marked by first quarter of year-over-year growth in Advertising Solutions revenue since the third quarter of 2023, signaling that we are beginning to reap the fruits of our transformation,' said Tal Jacobson, Perion's CEO. 'As our financial performance continues to improve, we are also making significant progress in executing our business strategy. The integration of Greenbids into Perion is fully on track, and we are already benefiting from tangible synergies, reflected in early wins of custom algorithm deals from existing and new customers,' added Mr. Jacobson. 'Further expanding our Perion One platform offering, earlier today we announced the launch of our new performance CTV solution, enabling us to activate outcome-based video campaigns across premium streaming environments, with enhanced creative formats and advanced attribution. As CTV ad spend continues to shift toward performance-driven models, we believe this offering significantly strengthens our value proposition.' 'At the same time, our expansion into Korea, alongside new partnerships across Europe, marks another strong step in Perion's global growth strategy,' Mr. Jacobson continued. 'It reflects the trust leading companies place in our technology and the strength of our partnerships as we scale across both new and existing markets.' Revenue and Trends by channel4 Financial Outlook for Full-Year 2025 5 Based on current expectations, the Company is reiterating its full-year 2025 outlook ranges: Mr. Jacobson concluded: 'While 2025 is a year of transition and transformation for Perion, our financial and business performance represent another meaningful step forward in our journey to cement Perion as a one-stop solution for brands, agencies, and retailers, and become the platform of choice for CMOs seeking transparency, efficiency, and measurable performance across digital channels.' Share Repurchase Program Financial Comparison for the Second Quarter of 2025 Revenue: Revenue decreased by 5% to $103.0 million in the second quarter of 2025 from $108.7 million in the second quarter of 2024. Advertising Solutions revenue increased 8% year-over-year, accounting for 78% of revenue, primarily due to a 35% increase in Digital Out of Home revenue and a 5% increase in our Web channel, partially offset by 5% decline in CTV revenue. Search Advertising revenue decreased by 35% year-over-year, accounting for 22% of revenue, following the previously announced changes implemented by Microsoft Bing in 2024. Traffic Acquisition Costs and Media Buy ('TAC'): TAC amounted to $55.4 million, or 54% of revenue, in the second quarter of 2025, compared with $58.9 million, or 54% of revenue, in the second quarter of 2024. GAAP Net Income (Loss): GAAP net loss decreased by 44% to a loss of $3.5 million in the second quarter of 2025, compared with a GAAP net loss of $6.2 million in the second quarter of 2024. Non-GAAP Net Income: Non-GAAP net income was $12.0 million, or 12% of revenue, in the second quarter of 2025, compared with $13.4 million, or 12% of revenue, in the second quarter of 2024. A reconciliation of GAAP to non-GAAP net income is included in this press release. Adjusted EBITDA: Adjusted EBITDA was $7.1 million, or 7% of revenue (and 15% of Contribution ex-TAC) in the second quarter of 2025, compared with $7.7 million, or 7% of revenue (and 15% of Contribution ex-TAC) in the second quarter of 2024. A reconciliation of GAAP income from operations to Adjusted EBITDA is included in this press release. Cash Flow from Operations: Net cash from operating activities in the second quarter of 2025 was $21.3 million, compared with $20.5 million that were used in the second quarter of 2024. Operating cash flow includes approximately $8 million in customer collection that shifted from March 2025 to April 2025. Net cash: As of June 30, 2025, cash and cash equivalents, short-term bank deposits and marketable securities, amounted to $318.5 million, compared with $373.3 million as of December 31, 2024. Conference Call Perion's management will host a conference call to discuss the results at 8:30 a.m. ET today: Registration link: A replay of the call and a transcript will be available within approximately 24 hours of the live event on Perion's website. About Perion Network Ltd. Perion helps brands, agencies, and retailers maximize the value of their advertising investments with advanced AI and creative technologies. Its unified platform, Perion One, bridges media, data, and performance across digital channels to deliver superior results in an increasingly complex advertising environment. For more information, visit Non-GAAP Measures Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude certain items. This press release includes certain non-GAAP measures, including Contribution ex-TAC and Adjusted EBITDA. Contribution ex-TAC presents revenue reduced by traffic acquisition costs and media buy, reflecting a portion of our revenue that must be directly passed to publishers or advertisers and presents our revenue excluding such items. We believe Contribution ex-TAC is a useful measure in assessing the performance of the Company because it facilitates a consistent comparison against our core business without considering the impact of traffic acquisition costs and media buy related to revenue reported on a gross basis. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ('Adjusted EBITDA') is defined as income from operations excluding stock-based compensation expenses, restructuring costs, unusual legal costs, depreciation, amortization of acquired intangible assets, retention and other acquisition-related expenses, as well as gains and losses recognized with respect to changes in fair value of contingent consideration. Adjusted free cash flow is defined as net cash provided by (or used in) operating activities less cash used for the purchase of property and equipment, but excluding the purchase of property and equipment related to our new corporate headquarter office and the portion of the cash payment of contingent consideration in excess of the acquisition date fair value, as we do not view either of those expenses as reflective of our normal on-going expenses. It is important to note that these expenses are in fact cash expenditures. Non-GAAP net income and non-GAAP diluted earnings per share are defined as net income (loss) and net earnings (loss) per share excluding stock-based compensation expenses, restructuring costs, unusual legal costs, retention and other acquisition-related expenses, amortization of acquired intangible assets and the related taxes thereon, foreign exchange gains and losses associated with ASC-842, as well as gains and losses recognized with respect to changes in fair value of contingent consideration. The purpose of such adjustments is to give an indication of our performance exclusive of non-cash charges and other items that are considered by management to be outside of our core operating results. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Furthermore, the non-GAAP measures are regularly used internally to understand, manage and evaluate our business and make operating decisions, and we believe that they are useful to investors as a consistent and comparable measure of the ongoing performance of our business. However, our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, we are unable to quantify certain amounts that would be required for such presentation without unreasonable effort. Consequently, no reconciliation of the forward-looking non-GAAP financial measures is included in this press release. A reconciliation between results on a GAAP and non-GAAP basis is provided in the last table of this press release. Forward Looking Statements This press release contains historical information and forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe- harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words 'will,' 'believe,' 'expect,' 'intend,' 'plan,' 'should,' 'estimate' and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. All statements other than statements of historical fact included in this press release are forward-looking statements. Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including, but not limited to, political, economic and other developments (including the current war between Israel and Hamas and other armed groups in the region), the failure to realize the anticipated benefits of companies and businesses we acquired and may acquire in the future, risks entailed in integrating the companies and businesses we acquire, including employee retention and customer acceptance, the risk that such transactions will divert management and other resources from the ongoing operations of the business or otherwise disrupt the conduct of those businesses, and general risks associated with the business of Perion including, the transformation in our strategy, intended to unify our business units under the Perion brand (Perion One), intense and frequent changes in the markets in which the businesses operate and in general economic and business conditions (including the fluctuation of our share price), loss of key customers or of other partners that are material to our business, the outcome of any pending or future proceedings against Perion, data breaches, cyber-attacks and other similar incidents, unpredictable sales cycles, competitive pressures, market acceptance of new products and of the Perion One strategy, changes in applicable laws and regulations as well as industry self-regulation, negative or unexpected tax consequences, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, whether referenced or not referenced in this press release. We urge you to consider those factors, together with the other risks and uncertainties described in our most recent Annual Report on Form 20-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (SEC) on March 25, 2025, and our other reports filed with the SEC, in evaluating our forward-looking statements and other risks and uncertainties that may affect Perion and its results of operations. Perion does not assume any obligation to update these forward-looking statements. View source version on CONTACT: Perion Network Ltd. Dudi Musler, VP of Investor Relations +972 (54) 7876785 [email protected] KEYWORD: UNITED STATES NORTH AMERICA ISRAEL MIDDLE EAST NEW YORK INDUSTRY KEYWORD: SOFTWARE NETWORKS SEARCH ENGINE OPTIMIZATION SEARCH ENGINE MARKETING TECHNOLOGY ARTIFICIAL INTELLIGENCE OTHER COMMUNICATIONS DIGITAL MARKETING MARKETING ADVERTISING CONTENT MARKETING COMMUNICATIONS TELECOMMUNICATIONS SOURCE: Perion Network Ltd. Copyright Business Wire 2025. PUB: 08/11/2025 07:05 AM/DISC: 08/11/2025 07:04 AM
Business Wire
04-08-2025
- Business
- Business Wire
Perion Partners with KT Corporation and NHN AD to Drive New Advertising Revenue in Korea's High-Growth Programmatic Market
NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- Perion Network Ltd. (NASDAQ & TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, today announced strategic partnerships with KT Corporation and NHN AD, two of South Korea's leading digital media and technology companies. This collaboration marks a significant expansion of Perion's programmatic Digital Out-of-Home (DOOH) footprint and strengthens its presence in one of Asia's fastest-growing advertising markets. This partnership reflects Perion's strategic priority to expand premium media supply in high-growth APAC markets. The APAC DOOH Market size is estimated at $21.64 billion in 2025, and is expected to reach $38.71 billion by 2030, representing a CAGR of 12.34% 1. These deals represent Perion's first direct programmatic supply integrations in Korea and will begin contributing to revenue in Q4 2025. With this joint initiative, KT becomes the first Korean media owner to implement Perion's Header Bidding technology, a core element of its Supply Side Platform (SSP), unlocking seamless access to global programmatic demand across both Open Exchange and Private Marketplace (PMP) environments. NHN AD, a leading Korean digital marketing firm, will serve as the local activation partner, facilitating PMP deals and ensuring smooth onboarding for domestic advertisers and publishers. The integration with KT includes 179 high-visibility subway screens along the Shinbundang Line and Seoul Metro Line 9, bringing programmatic DOOH capabilities to premium public transit environments. NHN AD offers access to high-income audiences focused on fitness and self-care through 85 screens located in golf driving ranges and premium fitness clubs across major cities in Korea. Together, these partnerships mark one of Korea's earliest and largest-scale implementations of programmatic DOOH technology beyond retail, accelerating access to valuable audiences in both urban and lifestyle environments. 'Our DOOH continues to expand, and we're thrilled to partner with such a prominent telecom brand. This collaboration can contribute to accelerating our momentum in APAC, one of the largest DOOH markets which is projected to reach $21.64 billion in 2025, with further growth anticipated in the coming years,' said Tal Jacobson, Perion's CEO. 'This partnership supports our commitment to premium, high-margin channels like DOOH and expands our global supply footprint. It validates our strategy of entering high-value markets through deep technology integration and trusted local partners. With KT and NHN AD, we're reinforcing our ability to deliver premium supply and performance at scale for global advertisers across Asia.' 'We are proud to be the first Korean publisher to adopt Perion's full-stack technology,' said Kwangchul Choi, General Manager at KT Corporation. 'This partnership helps us better monetize our digital assets while offering global advertisers access to our high-impact screens.' 'NHN AD is excited to help activate this partnership locally and make global PMP deals more accessible in Korea's dynamic media landscape,' said Jason Kim, SVP at NHN AD. About Perion Network Ltd. Perion is helping agencies, brands and retailers get better results with their marketing investments by providing advanced technology across digital channels. Through the Perion One platform, we are making digital advertising more effective by building solutions that continuously adapt to connect the dots between data, creative and channels. For more information, visit Perion's website at Forward Looking Statements This press release contains historical information and forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the safe- harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words 'will,' 'believe,' 'expect,' 'intend,' 'plan,' 'should,' 'estimate' and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. All statements other than statements of historical fact included in this press release are forward-looking statements. Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including, but not limited to, political, economic and other developments (including the current war between Israel and Hamas and other armed groups in the region), the failure to realize the anticipated benefits of companies and businesses we acquired and may acquire in the future, risks entailed in integrating the companies and businesses we acquire, including employee retention and customer acceptance, the risk that such transactions will divert management and other resources from the ongoing operations of the business or otherwise disrupt the conduct of those businesses, and general risks associated with the business of Perion including, the transformation in our strategy, intended to unify our business units under the Perion brand (Perion One), intense and frequent changes in the markets in which the businesses operate and in general economic and business conditions (including the fluctuation of our share price), loss of key customers or of other partners that are material to our business, the outcome of any pending or future proceedings against Perion, data breaches, cyber-attacks and other similar incidents, unpredictable sales cycles, competitive pressures, market acceptance of new products and of the Perion One strategy, changes in applicable laws and regulations as well as industry self-regulation, negative or unexpected tax consequences, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, whether referenced or not referenced in this press release. We urge you to consider those factors, together with the other risks and uncertainties described in our most recent Annual Report on Form 20-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (SEC) on March 25, 2025, and our other reports filed with the SEC, in evaluating our forward-looking statements and other risks and uncertainties that may affect Perion and its results of operations. Perion does not assume any obligation to update these forward-looking statements.
Campaign ME
29-07-2025
- Business
- Campaign ME
Do-good marketing: From aspiration to action in sustainable advertising
As global frameworks push for greater accountability in digital emissions, the Middle East and North Africa (MENA) region is witnessing a sharp rise in sustainable media practices, driven by innovation, demand for better quality, government mandates, and a growing awareness among brands of their carbon footprint. This momentum follows the release of the updated Ad Net Zero Global Media Sustainability Framework at Cannes Lions in June, which provides a clear global roadmap for measuring, managing, and reducing carbon emissions from media campaigns. Identifying the sustainable shift The framework comes as regional governments including the UAE and Saudi Arabia accelerate toward ambitious net-zero goals, putting pressure on every sector, including media and advertising, to align with national strategies. Digital media, once considered a low-impact channel, has emerged as a significant contributor to global carbon dioxide emissions (CO²e) , primarily due to energy-intensive programmatic wastage, ad serving, fraud and data heavy creative. In response, advertisers in MENA are now seeking more efficient, responsible ways to reach consumers. Taking sustainable action Regional players have been quick to adopt sustainable media technologies. Media companies now offer brands in the MENA region a combined model of media efficiency and carbon reduction, developing global and regionally curated, low-carbon marketplaces. These curated marketplaces feature high-quality inventory across premium publishers and placements, with the added benefit of using streaming creative instead of traditionally heavy assets. Streaming creative not only offers users a better experience but also uses less data transfer, reducing carbon consumption whilst loading on the first pixel to result in better attention and viewability metrics. Another key enabler of this transition is artificial intelligence (AI), which is transforming how media is bought, delivered, and optimised. Technologies such as those offered by Perion – formerly Greenbids AI – are helping brands reduce the carbon footprint of campaigns on YouTube, Meta, and other platforms, while maintaining or even improving campaign performance. As more brands begin tracking CO²e alongside traditional KPIs like reach and conversion, sustainability is becoming not just a compliance measure, but a competitive advantage. What we're seeing in MENA is a fundamental shift, one where performance and responsibility are no longer at odds, there's literally no trade off. Teaming together for good Partnerships with like-minded agencies that align with optimising performance while reducing carbon emissions further contribute to clean advertising. Mazen Mroueh, Head of Performance, Product, and Operations at our partner agency Publicis Media MENA, said, 'Partnerships of this nature allow us to empower clients with strategies that simultaneously optimise performance and drastically reduce carbon emissions. This isn't just about efficiency; it's about shaping a sustainable future for our industry and also significantly reduce carbon output, an increasingly critical priority in today's market.' The region's media buyers and chief marketing officers (CMOs) are increasingly embedding sustainability into campaign briefs, demanding carbon transparency from partners, and setting internal emissions-reduction targets. Industry analysts note that categories like automotive, travel, consumer packaged goods (CPG) and retail are among the early movers. The rapid adoption of AI-driven solutions, government policy shifts, and global pressure from investors and consumers are creating a tipping point. What was once seen as a future-facing aspiration is now a boardroom priority. With entities such as Ad Net Zero providing guidance and companies across MENA actively rolling out carbon conscious strategies, the region is positioning itself not just as a participant but as a leader in the future of sustainable media. By Andy Powell, Co-Founder and CEO, Conscious Media
Business Wire
28-07-2025
- Business
- Business Wire
Perion Announces Participation in Leading Investor Conferences in August and September 2025
NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Perion Network Ltd. (NASDAQ and TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, today announced its participation in the following upcoming investor conferences: Canaccord Genuity 45 th Annual Growth Conference Boston, August 12 Fireside chat with Perion's CEO, Tal Jacobson at 8:00am ET Watch live webcast: Oppenheimer 28 th Annual Technology, Internet & Communications Conference Virtual, August 13 Fireside chat with Perion's CEO, Tal Jacobson at 9:55am ET Watch live webcast: Lake Street Best Ideas Growth (BIG 9) Conference on September 11th in New York Tal Jacobson, CEO, and Elad Tzubey, CFO, will host one-on-one meetings with investors. To request a meeting, please contact your representatives at Canaccord Genuity, Oppenheimer, or Lake Street Capital Markets. About Perion Network Ltd. Perion is helping agencies, brands and retailers get better results with their marketing investments by providing advanced technology across digital channels. Through the Perion One platform, we are making digital advertising more effective by building solutions that continuously adapt to connect the dots between data, creative and channels. For more information, visit Perion's website at
