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Perion Network Ltd. - PERI STOCK NEWS

Welcome to our dedicated page for Perion Network Ltd. news (Ticker: PERI), a resource for investors and traders seeking the latest updates and insights on Perion Network Ltd. 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.

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Perion Network Ltd. reported its financial results for Q2 2023, with revenue increasing by 22% to $178.5 million. Adjusted EBITDA also increased by 45% to $41.2 million. The company saw growth in CTV revenue, retail media revenue, and video revenue. They also experienced an increase in the number of average daily searches and search advertising publishers. Perion raised its annual revenue and adjusted EBITDA guidance for 2023, reflecting increased profitability and margin expansion.
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Spruce Point Capital Management expresses concerns about Perion Network Ltd.'s extreme dependency on its Microsoft search partnership, as well as revenue per search and financial reporting anomalies. They question the quality of Perion's revenue growth and raise concerns about acquisitions, auditor, capital allocation decisions, and insider selling. Spruce Point sees 25% to 40% long-term downside risk to Perion's share price.
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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.

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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.

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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.

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FAQ

What is the current stock price of Perion Network Ltd. (PERI)?

The current stock price of Perion Network Ltd. (PERI) is $8.21 as of December 20, 2024.

What is the market cap of Perion Network Ltd. (PERI)?

The market cap of Perion Network Ltd. (PERI) is approximately 387.9M.

What does Perion Network Ltd. specialize in?

Perion Network Ltd. specializes in performance-based media and internet services, offering advanced technology solutions for online advertising and app monetization.

What are the primary revenue streams for Perion?

Perion's primary revenue streams come from search advertising and display advertising services.

What is CodeFuel?

CodeFuel is Perion's leading software monetization platform that helps digital businesses optimize installs, analyze data, and maximize revenue.

Which regions generate the most revenue for Perion?

The majority of Perion's revenue is generated from the United States, with additional revenue coming from other global regions.

How does GrowMobile help app marketers?

GrowMobile enables app marketers to acquire mobile users from top traffic sources like Google, Facebook, and Twitter, while improving user retention through CRM engagement campaigns.

What are the main digital advertising channels used by Perion?

Perion utilizes various digital advertising channels, including search advertising, social media, display, video, digital audio, DOOH, and Connected TV advertising.

What segment does Perion operate in?

Perion operates in the business segment of High Impact Advertising solutions.

Who can benefit from Perion's services?

Online publishers, app developers, brands, agencies, and advertisers can benefit from Perion's advanced technology and data-driven advertising solutions.

How does Perion contribute to the app ecosystem?

Perion creates value for the app ecosystem through continuous innovation and leveraging decades of expertise in digitally-enabled businesses.

Where can I follow Perion for more updates?

You can follow Perion on Twitter at @perionnetwork for the latest updates and news.

Perion Network Ltd.

Nasdaq:PERI

PERI Rankings

PERI Stock Data

387.92M
47.31M
55.74%
1.7%
Internet Content & Information
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United States of America
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