Perion Network (NasdaqGS:PERI) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker6Hello everybody, and welcome to the Perion Network Q4 and full year 2025 earnings call. Today's conference is being recorded, and an archive of the webcast will be posted on the company's website. The press release detailing the financial results is available on the company's website at www.perion.com. Before we begin, I'd like to read the following safe harbor statement. Today's discussion includes forward-looking st ...

Core Viewpoint - Nexxen International Ltd. is set to release its financial results for the year ending December 31, 2025, on March 4, 2026, before the U.S. market opens, indicating a focus on transparency and communication with investors [1]. Group 1: Financial Results Announcement - The financial results will cover both the three-month and twelve-month periods ending December 31, 2025 [1]. - A webcast and conference call will be held at 9:00 AM ET on the same date to discuss the financial results and future outlook [1]. Group 2: Company Overview - Nexxen operates as a global advertising technology platform, specializing in data and advanced TV, providing a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3]. - The company's core offering, the Nexxen Data Platform, supports various functions such as discovery, planning, activation, monetization, measurement, and optimization, catering to diverse advertising needs [3]. - Nexxen is headquartered in Israel and has a global presence with offices in the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [4].

Core Insights - MNTN, Inc. is recognized as one of the 15 Best Small Cap Stocks to Buy according to Wall Street [1] - The company reported strong fourth-quarter results, with revenue of $87.1 million, slightly exceeding the consensus estimate of $86.18 million, and achieved a 36% year-over-year revenue growth for both the quarter and the full year [2][3] Financial Performance - Evercore ISI lowered its price target on MNTN to $27 from $33 while maintaining an Outperform rating, following a "solid beat-and-raise" fourth-quarter report [2][6] - Susquehanna reduced its price target to $20 from $38 but kept a Positive rating, citing strong fourth-quarter results and guidance for 2026 that exceeded expectations [3] Business Model and Growth Drivers - MNTN operates a technology platform focused on performance marketing for Connected TV through a self-serve ad buying system [4] - The company attributes its revenue growth to the Performance TV platform and highlights AI as a core component, with tools like MNTN Matched, QuickFrame AI, and AI-driven media planning aimed at enhancing TV advertising performance [3] Strategic Focus - Management emphasized customer growth, margin expansion, and ongoing product innovation as key factors supporting profitable growth [3]

UK e-commerce group THG has formed a partnership with advertising tech company The Trade Desk to provide advertisers with self-serve access to retail audience data from its beauty platforms. Under the arrangement, advertisers and agencies using The Trade Desk’s Kokai media-buying system can tap audience segments built from shopper data across the Cult Beauty and LOOKFANTASTIC sites. These segments cover the entire marketing funnel, including “high-value” and price-sensitive customers, intent-led browser ...

Core Viewpoint - AppLovin has experienced a significant decline in stock value in early 2026, despite strong revenue and earnings growth in previous years, primarily due to increased competition and market reactions to earnings reports [3][4][8] Financial Performance - In Q4 2025, AppLovin reported revenue of $1.66 billion, a 66% year-over-year increase, surpassing estimates of $1.61 billion [5] - Earnings per share (EPS) rose by 87% year-over-year to $3.24, exceeding expectations of $2.89 [5] - The adjusted EBITDA margin improved to over 84%, an increase of approximately 200 basis points compared to Q3 2025 [5] - For the next quarter, the company projects revenue of $1.76 billion at the midpoint, indicating a growth of 52% [6] Market Dynamics - AppLovin's stock has dropped over 40% in 2026, following a 700% return in 2024 and over 100% in 2025 [3][4] - A new competitive threat, particularly from Meta Platforms, contributed to a 16% drop in shares on February 4, followed by a nearly 20% decline after the latest earnings report on February 12 [4][8] - Analysts express concerns regarding potential competition from Meta, although AppLovin has specialized expertise in mobile game advertising, making it uncertain if Meta will aggressively pursue this niche [7] Competitive Landscape - Meta Platforms is projected to generate approximately $250 billion in revenue for 2026, compared to about $8 billion for AppLovin, which may limit Meta's financial incentive to disrupt AppLovin's market [7] - Despite the competitive pressures, analysts forecast more than 50% upside for AppLovin, indicating potential for recovery and growth [8]

Core Insights - THG Ingenuity has formed a strategic partnership with The Trade Desk, enhancing its digital commerce capabilities [1] - This partnership allows media buyers to access THG's segments from Cult Beauty and LOOKFANTASTIC through The Trade Desk's Kokai platform [1] - The new offering addresses the increasing market demand for personalized advertising solutions [1] Company Overview - THG Ingenuity is a global digital commerce platform that is part of The Hut Group [1] - The Trade Desk is recognized as a leader in global advertising technology [1] Market Demand - There is a growing demand in the market for more personalized advertising experiences [1]

Group 1: Market Overview - Recent weakness in the stock market has created buying opportunities, with some stocks at their lowest levels in years [1] - Investors are encouraged to act now rather than wait for better prices, as the market could reassess these stocks at any time [2] Group 2: Microsoft - Microsoft has seen its premium valuation in the tech sector diminish due to recent market weakness and a poorly received earnings report [3] - The company remains dominant in its industry and delivered strong growth in its latest quarter, presenting a rare buying opportunity [4] Group 3: The Trade Desk - The Trade Desk reported an 18% year-over-year growth in Q3, which is slower than previous quarters but still impressive [5] - Wall Street expects 17% revenue growth for 2026, indicating that the company's growth potential remains intact despite current challenges [6] - The stock is currently valued at a low level of 13 times forward earnings, making it an attractive investment opportunity [6]

Core Viewpoint - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Group 1 - The analyst expresses a beneficial long position in shares of META, AMZN, and GOOG, indicating confidence in these companies' future performance [2]. - The analysis aims to provide contrasting views on the analyst's portfolio, suggesting a unique perspective on stock investments [1]. Group 2 - The article clarifies that the analysis is for informational purposes only and should not be considered professional investment advice [3]. - It notes that past performance is not indicative of future results, underscoring the uncertainty in investment outcomes [4].

Company Overview - The Trade Desk, Inc. (NASDAQ:TTD) is a leading supplier of advertising technology, providing digital marketers with solutions to plan, manage, and optimize their digital ad campaigns across various platforms and channels using a self-service, transparent software and cloud-based platform [5] Analyst Ratings and Price Targets - KeyBanc has cut its price target for The Trade Desk, Inc. to $40 from $88 while maintaining an Overweight rating, reflecting a more conservative growth forecast and lowered EV/EBITDA multiples [1] - Rosenblatt has also reduced its price target for The Trade Desk, Inc. to $53 from $64 while retaining a Buy rating, following the sudden departure of the company's CFO, Alexander Kayyal, who had been in the role for only five months [4] Financial Estimates - The Trade Desk, Inc. has reaffirmed its fourth-quarter 2025 estimates, anticipating revenue growth of "at least $840 million," which represents a rise of 13% (or 19% without political advertising), and adjusted EBITDA of "approximately $375 million," indicating a 7% gain [3]

Core Viewpoint - AppLovin's stock has dropped 42% year-to-date in 2026 due to fears of AI disruption in the advertising technology sector, particularly affecting mobile gaming ads [1] Financial Performance - In Q4 2025, AppLovin reported a revenue increase of 66% year-over-year, reaching $1.66 billion, with an adjusted EBITDA of $1.4 billion and an impressive 84% margin [1] - The company generates $3.95 billion in annual free cash flow, indicating strong financial health despite stock price volatility [1] Market Position and Competition - AppLovin's MAX platform allows the company to earn 20-30% on its own ad wins and 5% fees from competitors like Meta when they win auctions, providing a unique revenue model [1] - Concerns exist that larger competitors, particularly Meta, may leverage AI to optimize their ad systems, potentially impacting AppLovin's profit margins [1] Strategic Initiatives - AppLovin is focusing on expanding beyond mobile gaming into e-commerce and web advertising to diversify revenue streams and reduce dependence on gaming [1] - The management has identified e-commerce as a key growth driver, although scaling this segment presents challenges due to the difference in creative production volume compared to gaming [1] Transparency and Investor Confidence - A lack of detailed guidance on segment performance and future growth drivers has contributed to stock volatility, despite strong fundamentals [1] - Greater transparency regarding e-commerce progress and web advertising contributions is essential for rebuilding investor confidence and stabilizing stock prices [1]