Perion Network shares surge 10.42% intraday after Q3 earnings beat, revenue growth, and $200M share repurchase expansion.

Perion Network surged 10.42% intraday following its Q3 2025 earnings report, which highlighted a 8.1% revenue increase to $110.5 million, driven by 75% growth in connected TV (CTV) and 26% growth in digital out-of-home (DOOH) advertising. The company exceeded adjusted EPS estimates at $0.28 and expanded its share repurchase authorization to $200 million, reflecting confidence in its cash-heavy balance sheet ($315.6 million in cash) and strategic initiatives like Perion ONE. Management also noted a turnaround in Search revenue after a prior decline linked to Microsoft’s algorithm changes, while CTV and DOOH segments now offset weaker web advertising performance. The stock’s rally aligned with strong operational metrics and a revised buyback program, reinforcing investor optimism about its growth trajectory and value proposition.