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.
Undertone, a subsidiary of Perion (PERI), announces a significant initiative called The Uplift Collective, aimed at empowering underserved publishers and contributing to charities. February 2022 is projected as the largest payout month since the initiative's launch in June 2021. The Collective connects minority-owned publishers with advertisers, facilitating impactful media buys. For every campaign, Undertone donates 2% of proceeds to selected charities. Publishers involved reach over 50 million people globally, enhancing both visibility and revenue for these businesses.
Perion Network Ltd. (NASDAQ: PERI) reported record financial results for 2021, achieving $39 million in GAAP Net Income, $1.02 in EPS, and $70 million in Adjusted EBITDA. Revenue grew 46% to $478.5 million, driven by a 300% increase in video and CTV revenue, which represents 55% of total revenue. Management raised guidance for 2022, forecasting revenue between $590-$630 million.
Key fourth quarter highlights include a 34% revenue increase to $158 million, with Display Advertising revenue growing by 46%.
Perion Network Ltd. (Nasdaq: PERI) subsidiary Undertone has been recognized on the 2022 Ad Age Best Places to Work list for the second consecutive year. Undertone ranked fifth among 50 companies, highlighting its commitment to employee support, diversity, and flexible working conditions. The company's initiatives include a feedback loop for employee development, spot bonuses, and a $1,500 travel voucher for each employee as a reward for performance. This recognition underscores Undertone's focus on cultivating a positive workplace culture during challenging times.
Perion Network Ltd. (NASDAQ:PERI) will release its financial results for the fourth quarter and full year 2021 on February 9, 2022, before market opening. A Zoom conference call to discuss these results will take place at 8:30 a.m. ET. Perion is a global technology company focused on advertising solutions, leveraging its capabilities in digital branding, content monetization, and partnerships, notably with Microsoft Bing. This diversification aims to capture shifting advertising budgets across various platforms.
Perion Network Ltd. (NASDAQ:PERI), a global advertising technology company, announced its participation in the 24th Annual Needham Growth Conference on January 12-13, 2022. CEO Doron Gerstel and CFO Maoz Sigron will hold one-on-one meetings with investors, with Gerstel presenting on January 12 from 8:30-9:10 AM Eastern Time. The presentation will be webcasted and can be accessed via this link. Perion focuses on delivering holistic digital advertising solutions across various platforms.
Perion Network Ltd. (NASDAQ: PERI) successfully closed its follow-on public offering on December 13, 2021, selling a total of 8,372,092 ordinary shares at a price of $21.50 per share. This offering garnered aggregate gross proceeds of $180.0 million before expenses. With an oversubscribed offering, Perion aims to utilize the proceeds for additional working capital, business growth, and potential merger or acquisition opportunities. The company anticipates 42% revenue growth and 97% growth in adjusted EBITDA in 2021, reflecting strong market confidence.
Perion Network Ltd. (NASDAQ: PERI) has announced the pricing of a follow-on public offering of 7,280,080 ordinary shares at $21.50 per share, raising approximately $156.5 million, an increase from the initial offering of $100 million. This offering includes a 30-day option for underwriters to purchase an additional 1,092,012 shares. The proceeds will be used for working capital, business growth, and potential mergers or acquisitions. The offering is expected to close on December 13, 2021.
Perion Network Ltd. (NASDAQ: PERI) has announced a proposed follow-on public offering of approximately $100.0 million of its ordinary shares. The company plans to grant underwriters a 30-day option for additional shares. Net proceeds will support business growth, including potential mergers and acquisitions, and provide additional working capital. The offering is filed under an automatically effective shelf registration statement with the U.S. SEC. Major underwriters include Oppenheimer, Stifel, and Raymond James.
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