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. (symbol: PERI) is a global performance-based media and internet company that brings together innovative technology and strategic data-driven solutions to help online publishers and app developers monetize their content effectively. Operating primarily in the realm of online advertising and search solutions, Perion connects advertisers to consumers across a myriad of digital advertising channels such as search advertising, social media, display, video, digital audio, digital out of home (DOOH), and Connected TV (CTV) advertising.
Core Business:
Perion's core business revolves around providing advanced technology platforms like CodeFuel, a leading software monetization platform that empowers digital businesses to optimize installs, analyze data, and maximize revenue. The company's mobile marketing unit, GrowMobile, enables app marketers to acquire mobile users from top traffic sources such as Google, Facebook, and Twitter, while improving user retention through CRM engagement campaigns.
Financial Condition & Revenue Streams:
Perion earns its prime revenue from search advertising and display advertising services. Geographically, a significant portion of its revenue is generated from the United States, with the remainder coming from other regions globally. The company operates within the business segment of High Impact Advertising solutions, ensuring high visibility and engagement for its clients' campaigns.
Recent Achievements & Current Projects:
Perion has been at the forefront of innovation, continually creating value for the app ecosystem. With decades of experience in operating and investing in digitally-enabled businesses, the Perion team leverages its expertise to push the boundaries of digital advertising. Recent developments include expanding their technological capabilities to integrate more seamless and effective digital advertising solutions, thus enhancing the reach and impact of their clients' marketing efforts.
Follow Perion on Twitter: @perionnetwork.
Perion Network Ltd. (NASDAQ: PERI) reported preliminary Q2 2021 results, showing total revenues of approximately $105 million, a 74% increase year-over-year. Adjusted EBITDA reached $13.5 million, marking a 440% growth compared to the same quarter last year. The company has raised its full-year revenue guidance to $410-$430 million, driven by strong performance in advertising solutions, particularly in video and CTV advertising. The CEO highlighted growth as a validation of their diversification strategy.
Perion Network Ltd. (NASDAQ:PERI) announced a new division under its Undertone brand, focusing on retail marketing solutions. This division offers personalized, dynamic pricing across digital platforms, enhancing advertising effectiveness. The beta testing showed impressive results: a 9x Return On Ad Spend, over 60% increase in low-price perception, and 83% brand awareness boost. As grocery sales are projected to reach $1.1 trillion by 2027, Undertone aims to support retailers in adapting to the digital shift, countering the decline of print media.
Perion Network Ltd. (NASDAQ:PERI), a global advertising technology company, announced its participation in the Roth Capital Virtual London Conference on June 21st. The event will include one-on-one and small group meetings with around 130 private and public companies, featuring 40-minute management-investor video conference calls. CEO Doron Gerstel and CFO Maoz Sigron will be available for direct discussions with investors throughout the day. For more details, interested parties can contact Perion Investor Relations.
Perion Network Ltd. (NASDAQ:PERI), a leading global advertising technology firm, will present at the Stifel 2021 virtual cross sector insight conference on June 8 at 9:20 AM Eastern Time. CEO Doron Gerstel and CFO Maoz Sigron will engage with investors through one-on-one meetings throughout the event. The presentation will be accessible via webcast, highlighting Perion's strategies in digital advertising, including ad search, social media, and display/video/CTV advertising. Perion aims to provide comprehensive solutions to optimize advertising budgets across multiple channels.
Perion Network Ltd. (NASDAQ:PERI), a global advertising technology company, announced its participation in the 22nd Oppenheimer Annual Israeli Conference on May 23. CEO Doron Gerstel and CFO Maoz Sigron will hold one-on-one meetings with investors. Maoz Sigron will present on the same day at 11:00 AM Israel time (04:00 AM Eastern Time). Perion focuses on delivering comprehensive digital advertising solutions, leveraging capabilities in interactive television, content monetization, and partnerships with Microsoft Bing. This diversification aims to capture shifting advertising budgets.
Perion Network Ltd. (NASDAQ:PERI) announced its participation in the 16th Annual Needham Virtual Technology & Media Conference on May 19. CEO Doron Gerstel will present at 9:30 AM Eastern Time, which will be available via webcast. Investor meetings will be held throughout the day with CEO Doron Gerstel and CFO Maoz Sigron. Perion specializes in digital advertising solutions across various platforms, focusing on effective user engagement through innovative technologies, including iCTV and social media management.
Perion Network Ltd. (NASDAQ: PERI) reported its financial results for the first quarter of 2021, achieving significant growth in digital advertising. Key highlights include a 61% increase in Display and Social Advertising revenues, reaching $38.1 million, and a 22% rise in Search Advertising, totaling $51.7 million. Average daily searches surged 45% year-over-year, reaching 17.7 million. Net cash improved to $128 million, with all outstanding debt repaid. The introduction of their Actionable Performance Monitoring system also attracted 7 new customers since January 2021.
Perion Network Ltd. (NASDAQ: PERI) will announce its Q1 2021 financial results on May 4, 2021, before market opening. CEO Doron Gerstel and CFO Maoz Sigron will host an earnings call at 8:30 a.m. ET to discuss these results. Investors can access the live and archived webcast through Perion's investor relations webpage.
The company specializes in Synchronized Digital Branding solutions across digital advertising sectors, including Ad Search, Social Media, and Display/Video.
Perion Network Ltd. (NASDAQ: PERI) has launched Paragone.ai's Actionable Performance Monitoring (APM), enhancing its multi-channel social advertising management platform. This SaaS solution offers a unified interface for brands to track social advertising spend and improve performance through real-time predictions and recommendations. Major clients like The Walt Disney Company and Havas Media are already benefiting from Paragone's technology. Management highlights APM's ability to optimize ROI and streamline social advertising strategies, positioning Perion to capitalize on the growing demand for effective digital advertising solutions.
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