Perion Network Ltd Stock Price, News & Analysis

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.

Perion Network Ltd. announced the successful results of a digital ad campaign in collaboration with Mercedes-Benz USA, utilizing its SORT™ technology. This proprietary solution outperformed traditional online advertising methods, achieving a 58% higher click-through rate compared to third-party cookies and contextual targeting. The campaign aimed to boost awareness and sales of CPO vehicles, generating significant traffic to the CPO landing page. Mercedes-Benz reported a 70% increase in brand interactions through this innovative, privacy-focused approach.

Perion Network Ltd. (NASDAQ: PERI) has appointed Ben Flaccus as Managing Director of Retail for Undertone. Flaccus, who previously served as a consultant, brings nearly two decades of advertising technology experience. His leadership is expected to enhance product development and partnerships, focusing on personalized advertising solutions for retail and CPG sectors. Flaccus aims to leverage Undertone's high-impact ad formats to drive improved returns for clients, emphasizing real-time content and relevant ad experiences.

Perion Network Ltd. (NASDAQ: PERI), a global advertising technology firm, will participate in two significant events: the Jefferies Israel Tech Trek on September 22 in Tel Aviv and the Lake Street BIG6 Conference on September 14 in New York. Management will engage in one-on-one meetings with investors at both conferences. These events showcase Perion's focus on digital advertising across ad search, social media, and display, highlighting its integrated solutions designed to benefit brands and publishers.

Perion Network Ltd. (NASDAQ: PERI) reported strong Q2 2022 results, achieving record revenues of $146.7 million, a 34% increase year-over-year. Display advertising revenue grew by 41%, driven by a 273% rise in video revenue. The company’s net income surged by 175% to $19.5 million, and Adjusted EBITDA increased by 99% to $28.5 million, showcasing effective growth strategies amid economic challenges. Perion remains confident in achieving its annual guidance, having increased its revenue and EBITDA expectations due to strong market performance and effective operational efficiencies.

Perion Network Ltd. (NASDAQ: PERI) announced it will release its Q2 2022 financial results on August 3, 2022, before the market opens. The conference call to discuss the results is scheduled for 8:30 a.m. ET, hosted by CEO Doron Gerstel and CFO Maoz Sigron. Interested participants can register for the call via a provided link. A replay and transcript will be accessible approximately 24 hours post-event on Perion's investor relations website.