Affle 3i Limited (NSE: AFFLE), a global technology company, announced today that its subsidiary, Affle 3iL Ltd. (“Affle”), has signed a definitive agreement to acquire all outstanding shares of Perion Network Limited (“Perion”) at US$ 11.70 per share in an all-cash transaction for an implied equity value of ~US$ 420 million.

Strategic Acquisition to Enhance CPCU Business

This acquisition is expected to significantly strengthen Affle’s CPCU business by combining Perion’s established presence in upper funnel digital advertising channels in developed markets with Affle’s leadership in deeper funnel mobile marketing and AI-powered performance-led consumer conversions in emerging markets. The combined entity will deliver premium omnichannel advertising solutions across Retail Media, Connected TV (CTV), DOOH, and other digital channels.

Global Market Expansion

The acquisition underscores Affle’s commitment to expanding its global footprint and technology capabilities. With this deal, Affle will become a significant global omnichannel platform driving consumer conversions for thousands of advertisers across diversified industry verticals in 100+ countries. The transaction is anticipated to close in early 2027, pending regulatory and shareholder approvals.

Future Growth and Synergies

Affle plans to fund the acquisition through a combination of committed financing from banks and available cash resources. Post-acquisition, Affle expects to update Perion’s revenue recognition in view of the planned CPCU strategic transformation, leading to a significantly improved bottom line performance based on the immediate strategic synergies. The complementary technologies, planned business model transformation, and disciplined focus on profitability are expected to drive sustainable growth, making the acquisition accretive to earnings per share by the end of the first year following closing.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Affle 3i Limited

Affle 3i Limited belongs to the Communication Services › Advertising Agencies sector. Here’s a quick read on where the business and the stock stand today.

Affle moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 23.6% and profits at 23.0% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 26% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. The business grows revenue at 23.6% and profits at 23.0%, with D/E of 0.03. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.85 premium is usually justified. Check Fundamentals of Affle 3i Limited.

Affle 3i Limited (AFFLE) has reported robust performance for Q2 and H1 FY2027, showcasing significant growth in revenue and EBITDA. The company announced consolidated revenue from operations of INR 783.6 crore for Q2 FY2027, marking a 21.2% year-on-year (y-o-y) increase from INR 646.7 crore in Q2 last year. EBITDA stood at INR 181.4 crore, an impressive 24.2% y-o-y growth. EBITDA margin improved to 23.2%, up by 56 basis points y-o-y. PAT increased by 17.4% y-o-y to INR 129.8 crore from INR 110.5 crore in Q2 last year.

Half-Year Performance

In H1 FY2027, consolidated revenue from operations stood at INR 1,530.8 crore, an increase of 20.8% y-o-y. EBITDA was at INR 349.1 crore, an increase of 22.1% y-o-y, with EBITDA margin standing at 22.8%, up by 25 basis points y-o-y. PAT increased by 19.5% y-o-y to INR 258.2 crore. The CPCU business delivered strong momentum, with 12.9 crore converted users in Q2 FY2027, an increase of 18.2% y-o-y, taking the total converted users delivered in H1 FY2027 to 25.3 crore.

Looking Ahead

Commenting on the results, Anuj Khanna Sohum, the Chairperson, MD & CEO of Affle, said: “Affle continued its established growth trajectory in H1 FY2027. We achieved our 15th consecutive quarter of sequential topline growth, while registering our highest-ever quarterly revenue run-rate, EBITDA, PAT and consumer conversions. This performance reflects the strength of our differentiated CPCU business model in sustaining ROI for advertisers globally, despite prevailing geopolitical tensions, and regulatory and macroeconomic headwinds. As we progress towards our vision of 10X, we continue to advance on our ambition of building a globally scaled, AI-powered full funnel Consumer Platform Stack that delivers measurable value for advertisers through premium consumer conversions. Our focus remains on strengthening our competitive differentiation, deepening our presence across Developed and Emerging Markets, and expanding the capabilities of our platform across mobile, Connected TV and other Agentic/Autonomous Intelligent Connected Devices.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Affle 3i Limited

Affle 3i Limited belongs to the Communication Services › Advertising Agencies sector. Here’s a quick read on where the business and the stock stand today.

Affle moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 23.6% and profits at 23.0% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 26% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. The business grows revenue at 23.6% and profits at 23.0%, with D/E of 0.03. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.85 premium is usually justified. Check Fundamentals of Affle 3i Limited.

Affle 3i Limited, a consumer intelligence driven global technology company, announced its financial results for Q2 FY2027. The company reported a robust performance with a 21.2% year-on-year growth in revenue and a 24.2% increase in PAT. EBITDA also saw a significant rise of 24.2% compared to the same period last year.

Financial Highlights

The consolidated revenue from contracts with customers stood at INR 7,836 million, marking a 21.2% year-on-year increase. Profit after tax (PAT) rose by 17.4% to INR 1,298 million. EBITDA grew by 24.2% to INR 1,814 million, reflecting the company’s strong operational performance.

Market Performance

Affle 3i Limited demonstrated broad-based growth across markets, with India & Emerging Markets contributing 73.7% and Developed Markets 26.3% to the total revenue. The company’s CPCU business also showed impressive growth, with a 94.8 million number of conversions in Q2 FY2027 compared to 57.1 million in Q2 FY2025.

Looking Ahead

Affle 3i Limited continues to leverage its AI-driven hyper-contextual creative generation and platform innovation to drive future growth and maintain its position as a leader in the connected ecosystem.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Affle 3i Limited

Affle 3i Limited belongs to the Communication Services › Advertising Agencies sector. Here’s a quick read on where the business and the stock stand today.

Affle moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 23.6% and profits at 23.0% CAGR. Both numbers are exceptional. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock holds at 26% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. The business grows revenue at 23.6% and profits at 23.0%, with D/E of 0.03. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.85 premium is usually justified. Check Fundamentals of Affle 3i Limited.