Perion One Platform

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Perion(PERI) - 2025 Q1 - Earnings Call Presentation
2025-05-13 14:19
Q1 2025 Financial Performance - Revenue reached $89.3 million[48] - Adjusted EBITDA was $1.8 million, representing a 2% margin[48] - Non-GAAP net income amounted to $5.4 million, with a 5% ex-TAC margin[48] - Diluted non-GAAP EPS stood at $0.11[48] - Net cash reached $358.5 million[48] Revenue Breakdown by Channel - DOOH revenue increased by 80% year-over-year to $17.4 million, accounting for 19% of total revenue[53] - CTV revenue increased by 31% year-over-year to $10.7 million, accounting for 12% of total revenue[53] - Web revenue decreased by 28% year-over-year to $41.3 million, accounting for 46% of total revenue[53] - Search revenue decreased significantly by 76% year-over-year to $19.6 million, accounting for 22% of total revenue[53] Growth Engines - Digital Out-of-Home (DOOH) experienced 80% year-over-year revenue growth[23] - CTV saw a 31% year-over-year revenue growth[23] - Retail Media achieved a 33% year-over-year revenue growth[23] Greenbids Acquisition - The company acquired Greenbids for a total consideration of $50 million, including $27.5 million in cash upon closing and a $22.5 million two-year cash earnout[82] - An additional $15 million was allocated for a three-year employee retention plan involving cash and equity[82] 2025 Financial Outlook - The company raised its full-year 2025 revenue guidance from $400-$420 million to $430-$450 million[85] - Adjusted EBITDA guidance was also raised from $40-$42 million to $44-$46 million, maintaining an Adjusted EBITDA/Revenue margin of 10% and an Adjusted EBITDA/Contribution ex-TAC margin of 22%[85]