In This Article:
-
Total Revenue: $89.3 million for Q1 2025.
-
Adjusted EBITDA: $1.8 million for Q1 2025.
-
Net Cash Position: Nearly $360 million.
-
Digital Out-of-Home Growth: 80% year-over-year, representing 19% of total revenue.
-
CTV Growth: 31% year-over-year, representing 12% of total revenue.
-
Retail Media Growth: 33% year-over-year.
-
Web Revenue Decline: 28% year-over-year, representing 46% of total revenue.
-
Search Revenue: Stabilized at approximately $20 million per quarter, representing 22% of total revenue.
-
Contribution Margin (Excluding TAC): 44% compared to 38% in Q1 2024.
-
GAAP Net Loss: $8.3 million or $0.19 per diluted share.
-
Non-GAAP Net Income: $5.4 million or $0.11 per diluted share.
-
Cash Used in Operating Activities: $7.1 million for Q1 2025.
-
Adjusted Free Cash Flow: Negative $7.4 million for Q1 2025.
-
Share Repurchase Program: Expanded to $125 million, with almost 6 million shares repurchased for $53.3 million by Q1 2025 end.
-
2025 Revenue Guidance: Increased to $430 million to $450 million.
-
2025 Adjusted EBITDA Guidance: Increased to $44 million to $46 million.
Release Date: May 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
-
Perion Network Ltd (NASDAQ:PERI) reported a strong start to 2025, exceeding initial expectations with growth across all core channels.
-
The company announced a strategic acquisition of Greenbids, enhancing its AI capabilities and expanding its total addressable market.
-
Perion Network Ltd (NASDAQ:PERI) raised its full-year 2025 guidance, reflecting confidence in its growth trajectory and market opportunities.
-
The digital out-of-home channel grew by 80% year-over-year, demonstrating the success of Perion Network Ltd (NASDAQ:PERI)'s acquisition and integration strategy.
-
Perion Network Ltd (NASDAQ:PERI) maintains a strong cash position with $358.5 million, providing flexibility for strategic investments and shareholder returns.
Negative Points
-
Perion Network Ltd (NASDAQ:PERI) reported a GAAP net loss of $8.3 million for Q1 2025, compared to a net income of $11.8 million in the same quarter last year.
-
Web revenue declined by 28% year-over-year, indicating challenges in this segment.
-
The company's adjusted free cash flow was negative $7.4 million for the first quarter, impacted by delayed collections.
-
Search revenue has stabilized at approximately $20 million per quarter, representing a significant decline from 52% to 22% of total revenue year-over-year.
-
The integration and scaling of Greenbids' technology may take time to fully realize its potential impact on Perion Network Ltd (NASDAQ:PERI)'s financial performance.