Perion Network Ltd. reported its third‑quarter 2025 financial results today, posting revenue of $110.5 million, up 8% year‑over‑year, and a contribution ex‑TAC of $51 million, up 7% year‑over‑year. The company’s adjusted EBITDA rose to $12.1 million, a 63% increase from the $7.4 million reported in the same quarter last year.
The earnings highlight strong performance in the company’s growth engines: Connected TV revenue grew 75% year‑over‑year, Digital Out‑of‑Home revenue increased 26%, while Web revenue declined 11% and Search revenue grew 9%. These channel dynamics underscore the shift toward higher‑margin, AI‑driven advertising solutions that form the core of Perion One.
Perion reiterated its full‑year 2025 outlook, projecting revenue between $430 million and $450 million and adjusted EBITDA between $44 million and $46 million. In addition, the company expanded its share‑repurchase program to a total authorization of $200 million, reflecting confidence in its cash‑generating capacity and a commitment to returning value to shareholders.
Management emphasized that the Q3 results validate the company’s strategic focus on Perion One, an integrated platform that unifies media, data, and performance across digital channels. The company’s continued investment in AI‑powered solutions and its disciplined capital allocation position it for sustained growth into 2026 and beyond.
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