Perion Reports Q1 Resilience as It Shifts Revenue Toward AI Platforms

The company says rising Perion 1 and rapid Outmax adoption should help convert a strengthened sales pipeline into a projected EBITDA lift in the second half of 2026.

Overview

Perion reported $90.4 million in revenue for the first quarter with a GAAP net loss of $10 million and a non‑GAAP net income of $4.8 million while holding $293 million in cash.
Management highlighted product momentum in Perion 1, with spend up 6% year‑over‑year and a 7% increase in contribution, and said Outmax grew more than 300% by operating across connected TV, web and social channels.
Advertising Solutions revenue fell because of weaker web activity, a mix shift that Perion is countering by reallocating sales resources and accelerating AI investments.
Executives reiterated full‑year guidance and said onboarding agreements plus improved pipeline conversion are expected to drive a meaningful EBITDA inflection in the second half of 2026.
Perion plans continued investment in AI and a sales reorganization to support wider rollout of Outmax, including availability in South Africa and planned expansion across Africa.