Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
On May 13, 2026, Perion Network Ltd. (the “Registrant”
or “Perion”) issued a press release titled “Bouygues Telecom Deploys Perion’s Outmax AI Agent, Reducing
Customer Acquisition Costs by 34% and Lowering Campaign Carbon Intensity”. A copy of this press release is furnished as Exhibit 99.1 herewith.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1

Bouygues Telecom Deploys Perion’s Outmax
AI Agent, Reducing Customer
Acquisition Costs by 34% and Lowering Campaign
Carbon Intensity
Enterprise deployment demonstrates scalable
AI-agent execution within ‘Walled
Gardens’ and reinforces Perion’s AI-native infrastructure model
New
York & Tel Aviv – May 13, 2026 – Perion Network Ltd. (NASDAQ and TASE: PERI), an advanced technology
leader solving for the complexities of digital advertising through AI-native execution infrastructure, today announced that Bouygues
Telecom, one of France’s leading telecommunications operators, deployed Outmax, Perion’s proprietary AI agent, across always-on
campaigns. Bouygues Telecom is a nationwide telecommunications operator serving more than 30 million customers across mobile and fixed
services in France.
The engagement delivered a 34% reduction in customer
acquisition costs for a Fiber-to-the-Home (FTTH) campaign, and reduced campaign carbon intensity by 51%, while maintaining premium inventory
access and improving engagement metrics.
Beyond the campaign results, the deployment reinforces
Perion’s AI-native execution strategy: embedding Outmax, the autonomous AI agent, directly into enterprise marketing operations
to continuously control and optimize media execution across objectives and ecosystems. By operating inside closed platforms such as Meta
and dynamically recalibrating as business priorities shift, Outmax functions as execution infrastructure rather than a campaign tool,
enabling continuous optimization across both branding and performance objectives within a single execution framework.
Outmax powered concurrent branding and performance
campaigns within Meta, dynamically shifting optimization priorities as campaign objectives evolved, ultimately improving the pre-defined
KPIs. Outmax adjusted execution parameters in real time, ensuring efficiency across the full funnel — from initial engagement through
final conversion.
Unlike platform-native optimization tools that
prioritize platform-defined metrics, Outmax aligns optimization and execution directly with advertiser business outcomes, including acquisition
cost, conversion efficiency, and sustainability targets.
Bouygues Telecom’s adoption of Outmax reflects
Perion’s land-and-expand model, in which AI agents are embedded within always-on marketing operations, driving continuous optimization
and incremental efficiency over time.
Following the initial deployment on the Meta platform,
Bouygues Telecom is extending the Outmax-powered framework into additional channels, demonstrating the model's portability and repeatability
across channels.
“Our objective was to improve acquisition
efficiency while reducing the carbon intensity of our media. Outmax enabled both. The ability to shift KPIs in real time without disrupting
performance gave us the confidence to extend this model across additional channels,” said Rim El Bekkaoui, Head of Media Expertise,
Bouygues Telecom.
“This deployment is a clear demonstration
of the direction of our strategy - embedding AI directly into enterprise media execution,” said Tal Jacobson, CEO of Perion. “As
marketers demand real-time, measurable efficiency across channels, objectives, and platforms, Outmax is designed to operate as an autonomous
execution layer, continuously optimizing performance within both open and closed platforms.”
About Perion Network Ltd.
Perion is an advanced technology leader redefining
advertising through AI-native infrastructure, delivering real-time media execution across CTV, digital out-of-home, commerce and retail
media, social and digital environments. Powered by Outmax, the company’s proprietary AI engine, Perion helps brands, agencies, and
retailers optimize spend and performance, driving measurable outcomes at scale.
For more information, visit www.perion.com
About Bouygues Telecom
Bouygues Telecom, a subsidiary of the Bouygues
group, is a French all-round operator of digital communications France. Founded in 1994, Bouygues Telecom is committed to providing its
B2B, B2C and public administration customers with high-quality, innovative and secure fixed and mobile communications as well as superfast
internet by constantly improving its network and user experience. 27.1 million mobile customers and 5.3 million fixed customers put their
trust in Bouygues Telecom, the leading operator for WiFi and fixed internet connections, according to nperf in 2024 and ranked No. 2 for
mobile according to Arcep in 2023. Its 4G network now covers 99% of the French population, and its 5G network over 18,000 municipalities
and over 84% of the French population. Bouygues Telecom Entreprises supports nearly 100,000 customers, of which 70% of the CAC 40, in
adopting new collaborative uses, migrating to the cloud and transforming their digital infrastructure. Bouygues Telecom aims to reduce
its scope 1 and 2 carbon emissions by 29.4% and its scope 3 emissions by 17.5% by 2027, which are targets that have been endorsed by the
Science Based Targets initiative (SBTi). #WeAreMadeToBeTogether
To follow Bouygues Telecom news: www.corporate.bouyguestelecom.fr
Forward Looking Statements
This press release contains historical information
and forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended,
and the safe- harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition
and results of operations of Perion. The words “will,” “believe,” “expect,” “intend,”
“plan,” “should,” “estimate” and similar expressions are intended to identify forward-looking statements.
Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks
and uncertainties. All statements other than statements of historical fact included in this press release are forward-looking statements.
Many factors could cause the actual results, performance or achievements of Perion to be materially different from any future results,
performance or achievements that may be expressed or implied by such forward-looking statements, or financial information, including,
but not limited to, political, economic and other developments (including the current war between Israel and Hamas and other armed groups
in the region), the failure to realize the anticipated benefits of companies and businesses we acquired and may acquire in the future,
risks entailed in integrating the companies and businesses we acquire, including employee retention and customer acceptance, the risk
that such transactions will divert management and other resources from the ongoing operations of the business or otherwise disrupt the
conduct of those businesses, and general risks associated with the business of Perion including, loss of, or reduction in our business
with, key customers or other partners that are material to our business, the impact of the rapid development and broad adoption of generative
AI on our business, the transformation in our strategy, intended to unify our business units under the Perion brand (Perion One), intense
and frequent changes in the markets in which the businesses operate and in general economic and business conditions (including the fluctuation
of our share price), armed conflicts with Iran and other parties, the outcome of any pending or future proceedings against Perion, data
breaches, cyberattacks and other similar incidents, unpredictable sales cycles, competitive pressures, market acceptance of new products
and of the Perion One strategy, changes in applicable laws and regulations as well as industry self-regulation, negative or unexpected
tax consequences, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors,
whether referenced or not referenced in this press release. We urge you to consider those factors, together with the other risks and uncertainties
described in our most recent Annual Report on Form 20-F for the year ended December 31, 2025 as filed with the Securities and Exchange
Commission (SEC) on March 16, 2026, and our other reports filed with the SEC, in evaluating our forward-looking statements and other risks
and uncertainties that may affect Perion and its results of operations. Perion does not assume any obligation to update these forward-looking
statements.
Contact Information:
Perion Network Ltd.
Dudi Musler, VP of Investor Relations
+972 (54) 7876785
dudim@perion.com