Perion Network Ltd. - PERI STOCK NEWS

Perion Network (NASDAQ & TASE: PERI) announced a strategic collaboration with Experian to enhance its cross-channel and cross-device targeting capabilities. The integration of Experian's identity graph into Perion's proprietary solutions aims to improve digital advertising effectiveness and user experience across platforms.

The collaboration enhances Perion's existing AI-powered Audience Segmentation platform, SORT®, which uses privacy-safe data signals to optimize campaigns across Connected television (CTV) and web platforms. Experian's privacy-friendly digital identifiers will enable higher match rates and improved addressability, providing advertisers with more precise targeting and measurement capabilities over time.

Perion Network has launched a publisher-focused retail media offering, partnering with a360media, which operates brands like Us Weekly, Life&Style, and inTouch. The solution enables premium publishers to tap into retail media budgets using Perion's technology. The technology delivers targeted omnichannel advertising across CTV, DOOH, mobile, desktop, and audio channels, engaging consumers throughout their shopping journey.

Global retail media ad spending is projected to reach $137.3 billion in 2024 and grow by 20.6% to over $165 billion in 2025. Perion's AI-driven DCO technology enables dynamic, product-specific ads near store locations with real-time pricing updates and performance attribution.

Perion Network has launched Anyplace TV, a solution that enhances advertisers' ability to extend their CTV and video campaigns onto unique screens out of the home. Available globally, Anyplace TV allows for a seamless transition from traditional video channels to DOOH environments, improving campaign efficiency. The solution uses Perion's DOOH impression multiplier via the Hivestack platform, leveraging Media Rating Council (MRC) accredited measurements. Key benefits include non-skippable ads with 100% viewability, access to a vast DOOH inventory, creative flexibility, and real-time optimization. Currently, 75% of Perion’s global DOOH inventory supports video ads, with video formats appearing in 22% of global DOOH campaigns over the past year.

Perion Network (NASDAQ & TASE: PERI) has announced its participation in three major conferences in November and December 2024: the 13th Annual ROTH Technology Conference on November 20th, the UBS Global Media and Communications Conference on December 9th, and the Raymond James TMT and Consumer Conference on December 10th, all in New York. Management will conduct one-on-one investor meetings at each event. Additionally, the company will participate in a fireside chat at the Raymond James conference on December 10th at 4:20 pm ET, which will be available via live webcast.

Perion Network reported Q3 2024 financial results showing mixed performance across segments. Total revenue decreased 45% to $102.2 million, with Digital Out of Home growing 63% to $19.1 million, Retail Media up 62% to $21.0 million, and CTV increasing 19% to $9.5 million. However, Search Advertising revenue declined 76% to $20.9 million. The company's GAAP net income fell 94% to $2.1 million, while Adjusted EBITDA decreased 83% to $7.4 million. Perion maintained its full-year 2024 guidance of $490-510 million in revenue and $48-52 million in Adjusted EBITDA.

Perion Network (NASDAQ & TASE: PERI), a technology leader in digital advertising, has announced its plan to release third quarter 2024 financial results on Wednesday, November 6, 2024, before the financial markets open. Following the release, CEO Tal Jacobson and CFO Elad Tzubery will host a conference call at 8:30 a.m. ET to discuss the results.

Interested parties can register for the earnings call using the provided link. A replay of the call and a transcript will be made available within approximately 24 hours after the live event on the investors section of Perion's website.

Perion Network (NASDAQ & TASE: PERI), a technology leader in digital advertising, has announced its participation in two upcoming investor conferences. The company will attend Oppenheimer's 27th Annual Technology, Internet & Communications Conference on August 12, which will be held virtually, and the Lake Street BIG8 Investor Conference on September 12 in New York.

At both events, Perion's management will conduct one-on-one meetings with investors. Additionally, the company will participate in a fireside chat on August 12 at 9:55am Eastern Time, which will be accessible via live webcast on Perion's website.

Perion Network (NASDAQ & TASE: PERI) reported its Q2 2024 financial results, highlighting significant growth in key areas. The company saw a 75% YoY increase in Retail Media revenue, 42% YoY growth in CTV Advertising, and 41% YoY growth in Digital Out of Home (DOOH) Advertising on a proforma basis. However, total revenue decreased by 39% to $108.7 million, with Search Advertising revenue declining by 57%. The company reported a GAAP net loss of $6.2 million, compared to a net income of $21.4 million in Q2 2023. Perion reiterated its full-year 2024 guidance, projecting revenue between $490 to $510 million and Adjusted EBITDA of $48 to $52 million. The company also announced leadership changes, with the current CFO, Maoz Sigron, being promoted to COO, and Elad Tzubery promoted to CFO, both effective August 1, 2024.

Perion Network (NASDAQ & TASE: PERI), a leading provider of digital advertising technology, announced that it will release its second quarter 2024 financial results on July 31, 2024, before the financial markets open.

CEO Tal Jacobson and CFO Maoz Sigron will discuss the results during a conference call at 8:30 a.m. ET on the same day.

Interested parties can register for the call or access the replay and transcript, which will be available within 24 hours on Perion's investor website.