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.
Summary not available.
Summary not available.
Summary not available.
Perion Network Ltd. (PERI) has announced plans to release its first quarter 2023 financial results before the market opens on May 3, 2023. A conference call to discuss these results will be hosted by Doron Gerstel, CEO, Tal Jacobson, General Manager of CodeFuel, and Maoz Sigron, CFO, at 8:30 a.m. ET on the same day. Investors can register for the call and access the replay on Perion's investor relations website. Perion specializes in digital advertising across search, social media, and display/video/CTV channels, leveraging its intelligent HUB to provide integrated solutions to brands and publishers.
The company emphasizes the importance of the upcoming results and future outlook, as they will reflect on its strategic growth in the digital advertising sector.
Summary not available.
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.