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) reported its financial results for the first quarter of 2021, achieving significant growth in digital advertising. Key highlights include a 61% increase in Display and Social Advertising revenues, reaching $38.1 million, and a 22% rise in Search Advertising, totaling $51.7 million. Average daily searches surged 45% year-over-year, reaching 17.7 million. Net cash improved to $128 million, with all outstanding debt repaid. The introduction of their Actionable Performance Monitoring system also attracted 7 new customers since January 2021.
Perion Network Ltd. (NASDAQ: PERI) will announce its Q1 2021 financial results on May 4, 2021, before market opening. CEO Doron Gerstel and CFO Maoz Sigron will host an earnings call at 8:30 a.m. ET to discuss these results. Investors can access the live and archived webcast through Perion's investor relations webpage.
The company specializes in Synchronized Digital Branding solutions across digital advertising sectors, including Ad Search, Social Media, and Display/Video.
Perion Network Ltd. (NASDAQ: PERI) has launched Paragone.ai's Actionable Performance Monitoring (APM), enhancing its multi-channel social advertising management platform. This SaaS solution offers a unified interface for brands to track social advertising spend and improve performance through real-time predictions and recommendations. Major clients like The Walt Disney Company and Havas Media are already benefiting from Paragone's technology. Management highlights APM's ability to optimize ROI and streamline social advertising strategies, positioning Perion to capitalize on the growing demand for effective digital advertising solutions.
Perion Network Ltd. (NASDAQ: PERI) has raised its revenue and Adjusted EBITDA guidance for 2021 due to a strong start to the year. Revenue expectations for Q1 2021 now range between $86-$87 million, reflecting a 31% YoY growth. Adjusted EBITDA is anticipated to exceed $7.2 million, up from $6.2 million in Q1 2020. For the full year, revised revenue guidance is $370-$380 million, and Adjusted EBITDA guidance is $37-$38 million. The CEO highlighted strong momentum from shifts in digital advertising spending. An investor event will be held to further discuss growth areas.
Perion Network Ltd. (NASDAQ: PERI), a leading global advertising technology company, has announced an Investor Day on March 8, 2021, starting at 10:00 a.m. Eastern Time. The event will showcase Perion's Capture & Convince growth strategy with discussions involving top partners and customers. A live video webcast will be available, and registration is required. Additionally, a replay of the presentations will be accessible on the Company's investor relations website following the event.
Undertone has announced the expansion of its audience data for ad targeting by incorporating Fyllo’s cannabis and CBD audience segments. This partnership enables enhanced targeting for marketers in consumer categories such as CPG, QSR, Pharma, Alcohol, and Retail, tapping into a previously inaccessible consumer group. The cannabis market has shown considerable growth, with 61 million US adults now consuming cannabis or CBD regularly. This data is expected to provide significant opportunities for brands across various sectors.
Perion Network Ltd. (NASDAQ: PERI) reported its fourth quarter and full-year 2020 financial results, showcasing significant revenue growth. Revenues for Q4 reached $118.3 million, a 51% increase year-over-year, driven primarily by a 159% surge in Display and Social Advertising revenues at $68.4 million. However, Search Advertising revenues dipped 4% to $49.9 million. Full-year revenues rose 25% to $328.1 million. The company achieved a GAAP net income of $9.0 million for Q4, up 53% from the previous year. Management anticipates revenue of $350 million to $370 million in 2021.
Undertone has launched a new brand narrative that emphasizes its capability to integrate art and science in advertising. The company will now provide 'Intelligent High Impact' solutions, including Interactive CTV, enhancing its product suite. This initiative aims to break the 'attention wall' and improve campaign effectiveness across multiple screens. President Dan Aks highlighted the company's 20-year digital media experience and its commitment to leveraging AI for precise advertising strategies. The rebranding includes a new website and marketing materials to better reflect this evolution.
Perion Network Ltd. (NASDAQ: PERI) successfully closed its public offering on January 22, 2021, selling 5,738,500 ordinary shares at $11.50 each. This upsized offering generated approximately $66 million in gross proceeds. The funds will be used for working capital, business growth, and potential acquisitions. Eyal Kaplan, Chairman, emphasized investor confidence in Perion's growth strategy. The offering was managed by Oppenheimer & Co. and Stifel, with additional co-managers and advisors involved. The company is focused on enhancing its position in the digital advertising ecosystem.
Perion Network Ltd. (NASDAQ: PERI) has announced the pricing of a follow-on public offering of 4,990,000 ordinary shares at $11.50 per share, generating gross proceeds of $57.4 million, up from a previously anticipated $50 million. The offering, with a 30-day underwriters' option for an additional 748,500 shares, is set to close on January 22, 2021. The company plans to use the proceeds for working capital and potential mergers or acquisitions. The shares are being offered under an effective shelf registration statement with the SEC.
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