PERI Stock Headed For Worst Single-Day Fall In Nearly 2 Years Following Mixed Q1 – Perion Bets On H2 Inflection

• The company CFO stated that few strategic agreements are expected to be onboarded very soon in the next few weeks in the second quarter.
• Perion CEO Tzubery noted that the company cannot predict when macro headwinds will fully clear, however it is seeing strength in its pipeline.
• In the first quarter, Perion generated just $0.5 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and targets $50 million to $54 million for the full year. 

Shares of Perion Network (PERI) recorded its worst single-day decline in nearly two years on Wednesday after the ad-tech firm delivered a mixed first quarter but management bet on recovery in the second-half of the year as the company reiterated its 2026 guidance.

The company reported first quarter revenues of $90.4 million, missing analysts expectations of $91.74 million, while adjusted earnings of $0.11 share surpassed Wall Street estimates of loss of $0.24 per share, as per Fiscal.AI.

PERI Reiterated 2026 Guidance

The company stated that it has reiterated its 2026 guidance however, in an earnings conference call, the management expects to hit inflection points in the second half of the year.

In an earnings conference call, Elad Tzubery, Chief Financial Officer at Perion said, “a few strategic agreements that are expected to be onboarded very soon in the next few weeks in Q2, and added that the company will start ‘to see the ramp’ in the second half of the year.

Tzubery also noted that the company cannot predict when macro headwinds will fully clear, however it is seeing strength in its pipeline, especially around Outmax and the adoption of more customers to this solution.

Tal Jacobson, Chief Executive Officer at Perion said, “We do expect to see in the second half of the year to date, I would say in double-digit growth and aiming towards 20% already towards the fourth quarter of the year.” 

In the first quarter, Perion generated just $0.5 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and targets $50 million to $54 million for the full year. 

Tzubery also noted that excluding a $1.4 million foreign exchange headwind, the first quarter adjusted EBITDA would have been $1.9 million, "largely flat year-over-year, despite the additional costs planned for."

What Does Retail Think Of PERI?

On Stocktwits, retail sentiment for the stock has improved to  ‘extremely bullish’ from ‘bullish’ while message volumes rose to ‘high’ from ‘normal’ over the past 24 hours.

Shares of Perion Network have declined more than 3% so far this year

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