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 leading provider of digital advertising and online monetization solutions, connecting brands with audiences through innovative search, display, and social media technologies. This dedicated news hub aggregates all official company announcements and market-moving developments.
Investors and industry professionals will find timely updates on quarterly earnings, strategic partnerships, product innovations, and leadership changes. Our curated feed includes press releases covering advertising technology advancements, financial results, and operational milestones within the performance-based media sector.
Key content categories include financial disclosures, technology launches, market expansion updates, and industry recognition. All materials are sourced directly from Perion Network's corporate communications to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for convenient access to PERI's latest developments in digital advertising solutions, including updates on Connected TV (CTV), programmatic advertising, and cross-channel optimization strategies. Check regularly for essential information supporting informed investment decisions in the dynamic ad-tech sector.
Perion Network (NASDAQ: PERI) has updated its Q2 and full-year 2024 financial guidance. Microsoft Bing's recent decision to exclude certain publishers from its search distribution marketplace will reduce Perion's search revenue to under 5% in the latter half of 2024. Additionally, advertising pricing changes and a decline in standard video and display formats have impacted revenues. Perion forecasts Q2 revenue of $106-$108 million and adjusted EBITDA of $6.5-$7.5 million. For FY 2024, revenue is projected at $490-$510 million with adjusted EBITDA of $48-$52 million. The company remains focused on expanding its AI-driven advertising solutions globally, particularly in CTV, Retail Media, and programmatic DOOH.
Perion Network announced the launch of Hivestack’s ‘Green Curated Deals’ for Digital Out-of-Home (DOOH) advertising on a global scale. This solution uses Scope3 emissions data to provide lower carbon ad inventory, allowing advertisers to run environmentally friendly campaigns. The Green Curated Deals are exclusively available on Hivestack Curate, Perion's proprietary platform, and leverage Scope3's emissions model to optimize decarbonization of media and advertising. Perion’s new offering aims to enhance campaign effectiveness while reducing the carbon footprint, featuring a scoring model that prioritizes low-emission inventory.
Perion's CEO, Tal Jacobson, emphasized the company's commitment to sustainability, highlighting the integration with Scope3 to drive greener ad campaigns. The initiative aligns with industry trends demanding reduced emissions and increased decarbonization, promising advertisers enhanced performance and budget efficiency.
Perion Network (NASDAQ and TASE: PERI) reported a 9% YoY revenue growth for the first quarter of 2024, with significant growth in CTV Advertising, Retail Media, and Digital Out of Home Advertising. Despite challenges in advertising pricing and mechanisms, Perion remains confident in its strategic positioning and expansion of technological advertising solutions. The company's financial highlights show growth in revenue from Search Advertising and a decrease in GAAP Net Income. Perion announced an increase in its share repurchase program and provided guidance for the second quarter and full year 2024.
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