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. reports developments in digital advertising technology, including the Perion One platform and Outmax, its AI-native execution agent for media optimization. Company news commonly covers quarterly results, annual reporting, product integrations for social and programmatic channels, and partnerships that expand distribution for agencies, brands and retailers across digital channels such as CTV, digital out-of-home, commerce, retail media, search and display.
Perion Network Ltd. (NASDAQ: PERI) has announced a proposed follow-on public offering of approximately $100.0 million of its ordinary shares. The company plans to grant underwriters a 30-day option for additional shares. Net proceeds will support business growth, including potential mergers and acquisitions, and provide additional working capital. The offering is filed under an automatically effective shelf registration statement with the U.S. SEC. Major underwriters include Oppenheimer, Stifel, and Raymond James.
Perion Network Ltd. (NASDAQ: PERI) has raised its revenue guidance for 2021 to between $460 million and $470 million, reflecting a 42% year-over-year increase. The company expects to report an Adjusted EBITDA of $64 million to $65 million, a 97% increase from 2020. Notable drivers include a 115% year-over-year growth in Video and CTV advertising, improved deal sizes, and a 13% growth in monetizable searches. CEO Doron Gerstel highlighted enhanced operational efficiency and overall business momentum.
Perion Network Ltd. (NASDAQ:PERI) announced its participation in the Raymond James 2021 Technology Virtual Investors Conference on December 6th. CEO Doron Gerstel and CFO Maoz Sigron will be available for one-on-one investor meetings. Gerstel's presentation is scheduled from 8:50-9:30 AM Eastern Time, which will also be webcast live. The company focuses on delivering holistic advertising solutions across digital platforms, enhancing brand visibility and user engagement.
Perion Network Ltd. (NASDAQ: PERI) reports significant growth in consumer searches during Black Friday, surpassing last year's record. This increase in traffic comes despite a general decline in online spending, which fell to $8.9 billion. The company highlights a 14% growth in search advertising during Q3. Perion utilizes AI-based technology to process consumer intent signals, helping optimize campaigns for its partners. With over 20 million searches through its network, the firm continues to adapt and capture high-intent consumers, positioning itself for future growth.
Perion Network Ltd. (NASDAQ:PERI), an advertising technology company, announced participation in the Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event on November 18. CEO Doron Gerstel and CFO Maoz Sigron will hold one-on-one meetings with investors throughout the day. Perion specializes in digital advertising solutions across ad search, social media, and display/video/CTV advertising. Its synchronized digital branding approach utilizes partnerships, including Microsoft Bing, to enhance creative impact and optimize paid advertising, positioning the company for growth.
Perion Network Ltd. (NASDAQ: PERI) reports strong Q3 2021 results with a 45% revenue increase to $121 million, driven by an 82% growth in display advertising, particularly video and CTV solutions. The company achieved a 399% increase in GAAP net income, totaling $10.6 million. Net cash from operations reached $14.2 million, up 115% year-over-year. Management has raised revenue guidance for 2021 to $455-$465 million and for 2022 to $580-$600 million, reflecting substantial business momentum.
Perion Network Ltd. (Nasdaq: PERI) announced a breakthrough in cookieless advertising through its proprietary technology, SORT (Smart Optimization of Responsive Traits), which outperforms traditional cookie-based methods. With a strong focus on user privacy in light of evolving regulations, this innovation utilizes AI to enhance targeting across all devices. The technology was independently certified by Neutronian, confirming superior campaign performance metrics compared to cookies. The launch aims to address increased advertising demand while ensuring privacy compliance.
Perion Network Ltd. (NASDAQ: PERI) will release its financial results for the third quarter ended September 30, 2021, on Tuesday, October 26, 2021, before market opening. A conference call will be hosted by management at 8:30 a.m. ET on the same day via Zoom to discuss these results. As a global advertising technology company, Perion integrates multiple digital advertising channels, including interactive connected television, enhancing their diversified marketing strategies. This broad approach positions Perion to capitalize on changing advertising budgets.
Perion Network Ltd. (NASDAQ: PERI) has announced the acquisition of Vidazoo, a video technology company, for $93.5 million. This includes $35 million in cash at closing and up to $58.5 million as an earn-out based on performance targets. Perion anticipates that this deal will enhance its video advertising business and raise its revenue guidance for 2021 and 2022. Vidazoo generated $31.9 million in revenue in 2020, with a projected 41% growth rate for 2021, and its adjusted EBITDA for 2021 is expected to reach $8 million.
On August 24, 2021, Undertone, a subsidiary of Perion Network Ltd. (Nasdaq: PERI), announced its latest innovation, Shoppable High Impact, in collaboration with SmartCommerce. This technology allows consumers to add products directly to their retail carts with a single click on Undertone's ads, enhancing the online shopping experience. Notably, a trial demonstrated a carting rate of nearly 3%, translating to over 27,000 items added. The initiative aims to streamline digital shopping and improve brand performance while providing real-time stock updates.