02:30 PM EDT, 05/13/2025 (MT Newswires) -- Perion Network ( PERI ) shares were up 13% in recent Tuesday trading after Q1 results topped analyst estimates and the company raised its 2025 revenue guidance.

The company posted Q1 non-GAAP earnings of $0.11 per diluted share, down from $0.44 a year earlier.

Four analysts polled by FactSet expected $0.09.

Revenue for the quarter ended March 31 was $89.3 million, down from $157.8 million a year earlier.

Analysts surveyed by FactSet expected $86.8 million.

The company raised its full year 2025 revenue guidance to $430 million to $450 million from $400 million to $420 million earlier. Analysts expect $409.9 million.

Price: 10.88, Change: +1.31, Percent Change: +13.69