Associated tags: Advertising, Social media, HUB, CTV, Communications, Perion Network, Audio, Video, Social Media, Digital Marketing, Software, TASE, Television, Digital
Locations: BOSTON, TAL, LEGO, APAC, COLGATE, US, NEEDHAM, UNITED STATES, NORTH AMERICA, ISRAEL, MIDDLE EAST, NEW YORK, TAC, CALIFORNIA, LOUISIANA, DELAWARE, PENNSYLVANIA, LOS ANGELES, EUROPE, NY, SEATTLE, WA, CA, MA, SAN DIEGO, ATLANTA, GA, TEL AVIV, CHICAGO, PARIS, LONDON, CENTRAL, NEW ORLEANS, LA, ABITA SPRINGS, LEVI, BENSALEM, PA
Technology,
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Marketing,
Advertising,
Communications,
Audio,
Video,
Software,
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Digital Marketing,
RPM,
CTV,
Microsoft,
EPS,
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Contribution,
Share repurchase,
Adjustment,
Dilution,
GAAP,
Bank Revenue: Revenue increased by 9% to $157.8 million in the first quarter of 2024 from $145.2 million in the first quarter of 2023.
Key Points:
- Revenue: Revenue increased by 9% to $157.8 million in the first quarter of 2024 from $145.2 million in the first quarter of 2023.
- Traffic Acquisition Costs and Media Buy (“TAC”): TAC amounted to $97.6 million, or 62% of revenue, in the first quarter of 2024, compared with $79.9 million, or 55% of revenue, in the first quarter of 2023.
- GAAP Net Income: GAAP net income decreased by 51% to $11.8 million in the first quarter of 2024, compared with $23.8 million, in the first quarter of 2023.
- Non-GAAP Net Income: Non-GAAP net income decreased by 25% to $22.6 million, or 14% of revenue, in the first quarter of 2024, compared with $29.9 million, or 21% of revenue, in the first quarter of 2023.
NEW YORK, May 3, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Perion Network Ltd. (NASDAQ: PERI).
Key Points:
- NEW YORK, May 3, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Perion Network Ltd. (NASDAQ: PERI).
- Shareholders who purchased shares of PERI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.
- The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices.
- The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship.
Advertising,
Communications,
Digital Marketing,
Technology,
Software,
Networks,
Shareholder,
Bank statement,
Annual report,
Security (finance),
Cryptocurrency Perion Network Ltd. (NASDAQ & TASE: PERI ), a technology leader in connecting advertisers to consumers across all major digital channels, announced today the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (SEC).
Key Points:
- Perion Network Ltd. (NASDAQ & TASE: PERI ), a technology leader in connecting advertisers to consumers across all major digital channels, announced today the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (SEC).
- The annual report, containing audited consolidated financial statements for the year ended December 31, 2023, as filed with the Securities and Exchange Commission on April 8, 2024, is now accessible on our website at https://www.perion.com/ .
- In addition to online availability, Shareholders and interested parties may receive a hard copy of the report at no additional cost.
- To request a hard copy of the annual report, shareholders are welcome to contact Perion Network Ltd. through the details provided on our website.
Software,
Networks,
Data Analytics,
Finance,
Advertising,
Communications,
Professional Services,
Technology,
Microsoft Bing,
Microsoft,
Display,
Organization,
Growth,
Digital,
Perion Network,
Retail media,
DOOH,
Search advertising,
CTV,
RPM,
Mobile phone Perion Network Ltd. (NASDAQ & TASE: PERI ), a technology leader in connecting advertisers to consumers across all major digital channels, announced today preliminary financial results for Q1 2024 and updated its full year 2024 guidance.
Key Points:
- Perion Network Ltd. (NASDAQ & TASE: PERI ), a technology leader in connecting advertisers to consumers across all major digital channels, announced today preliminary financial results for Q1 2024 and updated its full year 2024 guidance.
- In the first quarter of 2024, Perion experienced a decline in Search Advertising activity, attributable to changes in advertising pricing and mechanisms implemented by Microsoft Bing in its Search Distribution marketplace.
- These adjustments led to a reduction in Revenue Per Thousand Impressions (RPM) for both Perion and other Microsoft Bing distribution partners.
- As a result of the Microsoft Bing modifications, Perion expects Q1 2024 revenue and adjusted EBITDA1 of $157 million and $20 million, respectively.
Software,
Digital Marketing,
Networks,
Data Analytics,
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Communications,
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Season,
DSP,
Partnership,
Perion Network,
1,000,000,
Demand-side platform,
OOH,
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Digital technology,
Baidu,
Ali Baba,
JD,
Vipshop,
Publishing This collaboration marks a significant milestone in leveraging China's position as the largest DOOH market in the world, with a projected market of $5.2B in 2024 , according to Statista.
Key Points:
- This collaboration marks a significant milestone in leveraging China's position as the largest DOOH market in the world, with a projected market of $5.2B in 2024 , according to Statista.
- For the first time, Way.io customers in China can activate programmatic DOOH campaigns both in China and globally via Perion’s Hivestack SSP’s worldwide network of premium DOOH inventory.
- With the establishment of a global media network, the partnership with Hivestack is a key element of Way.io's global expansion strategy.
- Working together, we look forward to shaping the future!”
For more information and market statistics please see post on the company’s website.
Retrieved on:
Tuesday, February 27, 2024
Perion Network Ltd. (NASDAQ and TASE: PERI), a technology leader in connecting advertisers to consumers across all major digital channels, announces today that it will participate in the following conferences:
Key Points:
- Perion Network Ltd. (NASDAQ and TASE: PERI), a technology leader in connecting advertisers to consumers across all major digital channels, announces today that it will participate in the following conferences:
Raymond James 45th Annual Institutional Investors Conference on March 5 in Orlando, FL
36th Annual ROTH Conference on March 18 in Laguna Niguel, CA
During these conferences, management will host one-on-one meetings with investors.
- To schedule a meeting with the Company, please contact your representative at the corresponding banks.
- The company will also participate in a fireside chat at the Raymond James conference on March 5 at 8:05am Eastern Time.
- A live webcast will be available on the company’s website and can be accessed by the following link:
Retrieved on:
Tuesday, February 20, 2024
Perion Network Ltd. (NASDAQ and TASE: PERI), a technology leader in connecting advertisers to consumers across all major digital channels, announced today that its Board of Directors has authorized a program to repurchase up to $50 million of its ordinary shares.
Key Points:
- Perion Network Ltd. (NASDAQ and TASE: PERI), a technology leader in connecting advertisers to consumers across all major digital channels, announced today that its Board of Directors has authorized a program to repurchase up to $50 million of its ordinary shares.
- The program is subject to the issuance of the Company’s audited annual financial report for the year 2023, expected in March 2024.
- “Perion is a strong, profitable company that is well positioned for the next phase of growth, capitalizing on our innovation and diversification strategy,” said Tal Jacobson, Perion’s CEO.
- The program does not require the purchase of any minimum dollar amount or number of shares and the program may be modified, suspended or discontinued at any time.
Retrieved on:
Wednesday, February 7, 2024
Advertising,
Digital Marketing,
Communications,
Technology,
Audio,
Video,
Software,
Networks,
EPS,
Media,
Growth,
Retail media,
GAAP,
Adjustment,
Digital,
Contribution,
Acquisition,
Dilution,
CTV,
Video game Revenue: Revenue increased by 12% to $234.2 million in the fourth quarter of 2023 from $209.7 million in the fourth quarter of 2022.
Key Points:
- Revenue: Revenue increased by 12% to $234.2 million in the fourth quarter of 2023 from $209.7 million in the fourth quarter of 2022.
- The margin contraction was primarily due to product mix, partially offset by media buying optimization, which is enabled by leveraging data and buying power.
- GAAP Net Income: GAAP net income increased by 18% to $117.4 million in 2023 from $99.2 million in 2022.
- Cash Flow from Operations: Net cash provided by operating activities in 2023 was $155.5 million, a 27% increase from $122.1 million in 2022.
Retrieved on:
Wednesday, February 7, 2024
Advertising,
Communications,
Digital Marketing,
Technology,
Software,
Hardware,
Partnership,
Airport,
OOH,
DOOH,
City This collaboration will enable Eletromidia to expand its programmatic media distribution and strengthen its leadership in the DOOH market in Brazil.
Key Points:
- This collaboration will enable Eletromidia to expand its programmatic media distribution and strengthen its leadership in the DOOH market in Brazil.
- This integration incorporates 46,000 Eletromidia digital screens in a range of environments, such as shopping malls, urban furniture, residential and commercial buildings, as well as in airports and train stations across Brazil.
- The partnership will create new revenue streams from ’Outside-in’ campaigns and offer our demand side partners access to digital inventory on a much larger scale.
- This international trend has also been growing in Brazil, and we are committed to making the most of this opportunity, especially considering our extensive network of digital screens.”
Retrieved on:
Thursday, January 18, 2024
Technology,
Finance,
Advertising,
Communications,
Professional Services,
Audio,
Video,
Software,
Digital Marketing,
Social Media,
CFO Perion Network Ltd. (NASDAQ & TASE: PERI ), connecting advertisers with consumers through technology across all major digital channels, announced today it plans to release fourth quarter and full year 2023 results prior to the opening of the financial markets on Wednesday, February 7, 2024.
Key Points:
- Perion Network Ltd. (NASDAQ & TASE: PERI ), connecting advertisers with consumers through technology across all major digital channels, announced today it plans to release fourth quarter and full year 2023 results prior to the opening of the financial markets on Wednesday, February 7, 2024.
- Tal Jacobson, CEO, and Maoz Sigron, CFO, will host a conference call to discuss the results on that day at 8:30 a.m.
- ET.
