Perion Network Ltd. announced preliminary financial results for the first quarter ended March 31, 2025, on April 16, 2025. The company expects to report revenue of approximately $88 million for the quarter.
Preliminary adjusted EBITDA is projected to be approximately $1.5 million, with an adjusted EBITDA to Contribution ex-TAC of approximately 4%. These figures indicate a significant sequential decline in revenue compared to the previous quarter.
While the company described these preliminary results as reflecting a strong start, the reported revenue of $88 million is substantially lower than the $129.6 million reported in Q4 2024, signaling continued revenue challenges.
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