Perion Network Ltd. reported its financial results for the second quarter ended June 30, 2025, on August 11, 2025. The company announced total revenue of $103 million for the quarter.
The Advertising Solutions business returned to year-over-year growth for the first time since Q3 2023, increasing by 8.3% and accounting for 78% of total revenue. This growth was primarily driven by Digital Out-of-Home (DOOH) revenue, which rose 35% year-over-year, and Retail Media revenue, which increased 27% year-over-year to $22.3 million.
Despite a 5% year-over-year decline in Connected TV (CTV) revenue, Web revenue surprisingly increased by 5% year-over-year, representing 52% of total revenue. Search revenue remained stable at $22.4 million, accounting for 22% of total revenue.
The company reported a GAAP net loss of $3.5 million, or $0.08 per share, with adjusted earnings per share at $0.26. Adjusted EBITDA for Q2 2025 was $7.1 million, resulting in a 7% adjusted EBITDA margin, and Perion generated $21.3 million in operating cash flow.
Perion reiterated its full-year 2025 guidance, expecting revenue in the range of $430 million to $450 million and adjusted EBITDA in the range of $44 million to $46 million. The return to growth in Advertising Solutions and strong cash flow generation are key highlights.
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