Perion Q1 Revenue Rises 1% as Outmax AI Spend Soars 300% and CTV Spend Jumps 68%
PERI•Perion Network reported Q1 revenue of $90.4 million, up 1% year-over-year, while adjusted EBITDA plunged to $0.5 million from $1.8 million due to higher go-to-market investments. The platform saw 6% growth in PerionOne spend, 300% surge in Outmax AI spend and 68% CTV spend growth, supported by $293 million cash.
1. Q1 Financial Results
Perion Network delivered Q1 revenue of $90.4 million, a 1% year-over-year increase, but saw adjusted EBITDA decline to $0.5 million from $1.8 million as the company ramped up go-to-market investments.
2. Platform and AI Growth
PerionOne spend rose 6% year-over-year, while spending on the Outmax AI agent technology surged 300%, and connected TV spend climbed 68%, underscoring strong demand for AI-driven and performance-based ad solutions.
3. Strategic Partnership and Market Expansion
An exclusive partnership with McSurly Media and MediaMark positions Perion to enter the African programmatic market forecasted to reach $6.5 billion by 2029, expanding its global footprint.
4. Liquidity Position and Outlook
With $293 million in cash and equivalents, Perion maintains financial flexibility to navigate macroeconomic headwinds—such as inflation and geopolitical tensions—and fund future growth initiatives.
