Perion Network Ltd. - PERI STOCK NEWS

Perion Network Ltd. (NASDAQ: PERI) reported strong Q2 2022 results, achieving record revenues of $146.7 million, a 34% increase year-over-year. Display advertising revenue grew by 41%, driven by a 273% rise in video revenue. The company’s net income surged by 175% to $19.5 million, and Adjusted EBITDA increased by 99% to $28.5 million, showcasing effective growth strategies amid economic challenges. Perion remains confident in achieving its annual guidance, having increased its revenue and EBITDA expectations due to strong market performance and effective operational efficiencies.

Perion Network Ltd. (NASDAQ: PERI) announced it will release its Q2 2022 financial results on August 3, 2022, before the market opens. The conference call to discuss the results is scheduled for 8:30 a.m. ET, hosted by CEO Doron Gerstel and CFO Maoz Sigron. Interested participants can register for the call via a provided link. A replay and transcript will be accessible approximately 24 hours post-event on Perion's investor relations website.

Perion Network Ltd. (NASDAQ:PERI) will participate in the Needham Virtual AdTech & CTV Measurement Conference on July 14, featuring a fire-side chat titled The Future of Measurement. This chat will include Daniel Aks, Undertone’s President, and Laura Salant, General Manager, Insights. The event will be available for live streaming from 11:00-11:45 AM ET on the company’s website. Perion is focused on delivering digital advertising solutions across various platforms, leveraging its broad capabilities in advertising technology.

Perion Network Ltd. (NASDAQ: PERI) has launched an integrated campaign spotlighting its proprietary SORT^TM technology, a cookieless solution designed to enhance online privacy. Directed by Max Joseph, the campaign includes a short film titled The Complete Guide to Protecting Your Privacy Online. The company forecasts 2022 revenue between $620-$640 million, reflecting a 32% increase from $478.5 million in 2021. They also project adjusted EBITDA between $98-$102 million, indicating a 44% growth.

Perion Network Ltd. announces impressive results from a rigorous analysis of SORT™ technology across 110 campaigns, confirming a significant 33% increase in in-store visits for Stop & Shop, a major client. SORT™ has consistently outperformed traditional third-party cookies while ensuring user privacy through anonymized data targeting. The technology allows marketers to achieve superior engagement without compromising on performance. The CEO anticipates a substantial increase in SORT™ campaigns as businesses prepare for a cookieless advertising landscape.

Perion Network Ltd. (NASDAQ:PERI) will participate in the Stifel 2022 Cross Sector Insight Conference on June 7 in Boston. CEO Doron Gerstel will engage in a fire-side chat from 1:50-2:20 PM Eastern Time and hold one-on-one meetings with investors. A live webcast will be available on the company’s website. Perion specializes in digital advertising solutions across ad search, social media, and display/video advertising, leveraging its Synchronized Digital Branding capabilities to drive growth as marketing budgets adjust.

Perion Network Ltd. (NASDAQ:PERI) announced its participation in the 17th Annual Needham Technology & Media Conference from May 16-19, 2022. CEO Doron Gerstel will present on May 19 at 8:45-9:25 AM Eastern Time, with a live webcast available on the company’s website. Additionally, one-on-one meetings will be held with investors on May 16 and May 19. Perion is a global advertising technology company focusing on digital advertising solutions across multiple platforms.

Undertone has featured Ambetter as the Marketer of the Month, highlighting their successful advertising campaign during the Open Enrollment Period. Utilizing SORT technology for cookieless targeting, Ambetter experienced significant increases in campaign engagement, driving 2.44 million visits to its website and over 68,000 actions taken by consumers. The case study showcases a 39% and 87% lift in clickthrough rates compared to cookie-based methods. This partnership underscores the effectiveness of innovative, privacy-compliant advertising solutions as the industry transitions away from traditional tactics.

Perion Network Ltd. (NASDAQ: PERI) reported record financial results for Q1 2022, with a net income of $15.5 million, marking a 368% increase year-over-year. Total revenue rose by 40% to $125.3 million, driven by 80% growth in Display Advertising revenue and a 341% rise in Video and CTV solutions. The company increased its full-year guidance based on strong demand and a robust business model. Operating cash flow rose to $23.6 million, while cash reserves stood at $342.5 million with no debt.