Welcome to our dedicated page for Perion Network news (Ticker: PERI), a resource for investors and traders seeking the latest updates and insights on Perion Network stock.
Perion Network Ltd. (PERI) is a NASDAQ- and TASE-listed advertising technology company that focuses on digital advertising and search solutions. Its news flow centers on developments in its Perion One platform, financial performance, and partnerships across channels such as web, Digital Out-of-Home (DOOH), Connected TV (CTV), and retail media.
News updates about Perion often include quarterly financial results, where the company reports revenue trends, channel performance, and non-GAAP metrics such as Contribution ex-TAC and Adjusted EBITDA. These earnings releases also highlight the performance of specific channels like DOOH, CTV, web, and search, as well as verticals such as retail media.
Perion’s announcements also cover product and technology launches. Examples include the Performance CTV Solution within Perion One, designed to support outcome-driven CTV campaigns, the Perion DOOH Player that completes its full-stack technology for DOOH and retail media, and SODA, an AI-powered supply-side solution for web and DOOH aimed at optimizing supply paths and monetization for publishers.
Another recurring theme in Perion news is strategic partnerships and market expansion. The company has reported collaborations with retail media networks such as Albertsons Media Collective, as well as partnerships with advertising and media companies in regions where it is expanding its DOOH and programmatic presence. Perion also issues releases about participation in investor conferences and shareholder meetings.
Investors and market watchers can use this news page to follow Perion’s financial disclosures, platform enhancements, and strategic initiatives across DOOH, CTV, web, search, and retail media, as reported in its press releases and SEC-furnished materials.
Perion Network Ltd. (NASDAQ:PERI), a global advertising technology company, will participate in the 34th Roth Capital Conference on March 14, 2022, at the Ritz Carlton Laguna Niguel in Dana Point, California. The company's CFO, Maoz Sigron, will be available for one-on-one meetings with investors throughout the day. Perion offers comprehensive solutions across digital advertising, including ad search, social media, and display/video/CTV advertising, aiming to enhance user engagement and marketing budgets.
Perion Network Ltd. (NASDAQ: PERI) announces the successful validation of its SORT technology, revolutionizing digital advertising by eliminating cookie-based targeting. SORT boasts a 2x higher click-through rate and a 60% increase in interaction rates across 70 global clients, including major brands in various sectors. The technology respects user privacy while enhancing campaign performance, marking a significant advancement in the advertising landscape. SORT's effectiveness has been recognized with independent certifications, ensuring advertisers can achieve ROI without compromising user privacy.
Undertone, a subsidiary of Perion (PERI), announces a significant initiative called The Uplift Collective, aimed at empowering underserved publishers and contributing to charities. February 2022 is projected as the largest payout month since the initiative's launch in June 2021. The Collective connects minority-owned publishers with advertisers, facilitating impactful media buys. For every campaign, Undertone donates 2% of proceeds to selected charities. Publishers involved reach over 50 million people globally, enhancing both visibility and revenue for these businesses.
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Perion Network Ltd. (NASDAQ: PERI) reported record financial results for 2021, achieving $39 million in GAAP Net Income, $1.02 in EPS, and $70 million in Adjusted EBITDA. Revenue grew 46% to $478.5 million, driven by a 300% increase in video and CTV revenue, which represents 55% of total revenue. Management raised guidance for 2022, forecasting revenue between $590-$630 million.
Key fourth quarter highlights include a 34% revenue increase to $158 million, with Display Advertising revenue growing by 46%.
Perion Network Ltd. (Nasdaq: PERI) subsidiary Undertone has been recognized on the 2022 Ad Age Best Places to Work list for the second consecutive year. Undertone ranked fifth among 50 companies, highlighting its commitment to employee support, diversity, and flexible working conditions. The company's initiatives include a feedback loop for employee development, spot bonuses, and a $1,500 travel voucher for each employee as a reward for performance. This recognition underscores Undertone's focus on cultivating a positive workplace culture during challenging times.
Perion Network Ltd. (NASDAQ:PERI) will release its financial results for the fourth quarter and full year 2021 on February 9, 2022, before market opening. A Zoom conference call to discuss these results will take place at 8:30 a.m. ET. Perion is a global technology company focused on advertising solutions, leveraging its capabilities in digital branding, content monetization, and partnerships, notably with Microsoft Bing. This diversification aims to capture shifting advertising budgets across various platforms.
Perion Network Ltd. (NASDAQ:PERI), a global advertising technology company, announced its participation in the 24th Annual Needham Growth Conference on January 12-13, 2022. CEO Doron Gerstel and CFO Maoz Sigron will hold one-on-one meetings with investors, with Gerstel presenting on January 12 from 8:30-9:10 AM Eastern Time. The presentation will be webcasted and can be accessed via this link. Perion focuses on delivering holistic digital advertising solutions across various platforms.
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Perion Network Ltd. (NASDAQ: PERI) successfully closed its follow-on public offering on December 13, 2021, selling a total of 8,372,092 ordinary shares at a price of $21.50 per share. This offering garnered aggregate gross proceeds of $180.0 million before expenses. With an oversubscribed offering, Perion aims to utilize the proceeds for additional working capital, business growth, and potential merger or acquisition opportunities. The company anticipates 42% revenue growth and 97% growth in adjusted EBITDA in 2021, reflecting strong market confidence.
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