Perion Network Ltd Stock Price, News & Analysis

Perion Network Ltd. (NASDAQ:PERI) filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission on March 15, 2023. The report includes audited consolidated financial statements and is available on Perion's website. Shareholders can request a free hard copy of the annual report. Perion specializes in digital advertising technology across search, social media, and display/video/CTV advertising, leveraging its intelligent HUB to integrate its business assets for enhanced value to brands and publishers.

Perion Network Ltd. (NASDAQ: PERI), a global advertising technology company, will participate in two key conferences: the Raymond James 44th Annual Institutional Investors Conference on March 6-7 in Florida and the UBS European Media and Internet Conference on March 9 in London. CFO Maoz Sigron and VP of IR Dudi Musler will present and hold one-on-one meetings with investors at these events. Perion's robust solutions span digital advertising channels, including search, social media, and video advertising, enhancing value for brands and publishers through its intelligent HUB.

Perion Network Ltd. (NASDAQ: PERI) reported record results for the year ending December 31, 2022. Revenue grew by 34% to $640.3 million, while net income surged 156% to $99 million. Diluted EPS doubled to $2.06, and adjusted EBITDA increased 90% to $132 million. Video and CTV revenue showed impressive growth, with increases of 129% and 108% respectively. The CEO transition to Tal Jacobson will take effect on August 1, 2023. For 2023, revenue guidance is set between $720-$740 million, indicating a 14% year-over-year growth expectation.

Perion Network Ltd. (NASDAQ: PERI) announced a six-month transition period for its CEO, with Tal Jacobson, current General Manager of CodeFuel, set to assume the role on August 1, 2023. This change follows the departure of Doron Gerstel from the executive team, while he will stay on the Board of Directors. Jacobson has been credited with significant achievements in enhancing search advertising and establishing strong partnerships, particularly with Microsoft Advertising. The Board anticipates continued growth under Jacobson’s leadership, focusing on expanding Perion’s technological innovations in the advertising technology sector.

Perion Network Ltd. plans to announce its fourth quarter 2022 financial results on February 8, 2023, and will participate in the 25th Annual Needham Growth Conference on January 11, 2023. Preliminary results indicate significant growth, with Q4 2022 revenue of $205 million, a 30% increase year-over-year. Adjusted EBITDA also rose to $47 million, reflecting a 63% growth compared to Q4 2021. The company attributes its performance to strong market demand and a growing number of publishers using its monetization platform, which increased by 25% to 260 year-over-year.

Perion Network Ltd. (NASDAQ:PERI) announced its CTV advertising solution is gaining traction due to increased demand during FIFA World Cup Qatar 2022. The company reports strong interest from sectors like sports betting and video games, leveraging its High-Impact CTV ads to maximize engagement. CEO Doron Gerstel highlighted that these ads drive four times the site visits compared to regular CTV, underscoring their effectiveness. As the tournament shifts viewing patterns, Perion's offerings are well-positioned to capitalize on heightened viewer engagement and brand visibility.

Perion Network Ltd. (NASDAQ: PERI) reported record third-quarter results for 2022, with a 31% revenue increase to $158.6 million compared to the previous year. The company raised its adjusted EBITDA guidance from $102 million to at least $120 million, driven by sustainable profitability improvements. Key highlights include a 145% year-over-year rise in operating cash flow to nearly $35 million and a GAAP net income increase of 141% to $25.6 million. The company's strategic focus on diversifying advertising solutions is reflected in significant growth across video and search advertising revenues.

Perion Network Ltd. (NASDAQ: PERI) announced its preliminary financial results for Q3 2022, showing a 31% year-over-year revenue growth, reaching $158 million. Adjusted EBITDA soared 76% to $31 million, reflecting robust performance driven by its diversification strategy and SORT™ technology that attracts major advertisers like Mercedes. The financial results will be officially released on November 9, 2022, ahead of a conference call at 8:30 a.m. ET. These results indicate the company’s ongoing growth trajectory amidst challenging market conditions.