Ad-tech firm Perion's Q2 adjusted EPS beats estimates
Overview
Perion Q2 2025 rev drops 5% yr/yr to $103 mln
Adjusted EPS and EBITDA beat analyst expectations, per LSEG data
Co repurchased 3.6 mln shares for $33.4 mln in Q2
Outlook
Perion reiterates FY 2025 revenue guidance of $430 mln to $450 mln
Company expects FY 2025 adjusted EBITDA between $44 mln and $46 mln
Perion expanding into Korea and Europe for growth
Company launches Performance CTV solution to capture streaming ad market
Result Drivers
ADVERTISING SOLUTIONS - Revenue grew 8% YoY, driven by a 35% increase in DOOH and 5% in Web channel
SEARCH ADVERTISING - Revenue fell 35% YoY due to changes by Microsoft Bing
GREENBIDS INTEGRATION - Integration on track, unlocking over $1 mln in business with custom algorithm deals
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Beat | $0.26 | -$0.08 (5 Analysts) |
Q2 EPS | -$0.08 | ||
Q2 Adjusted Net Income | Beat | $12 mln | -$3.70 mln (5 Analysts) |
Q2 Net Income | -$3.50 mln | ||
Q2 Adjusted EBITDA | Beat | $7.10 mln | $6.14 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Perion Network Ltd is $14.00, about 27.1% above its August 8 closing price of $10.21
The stock recently traded at 127 times the next 12-month earnings vs. a P/E of 72 three months ago
Press Release:
