PERI.... $36.50 .. After much thought about Spruce point, I kept all my shares, My fingers are crossed.
Perion Network Expects 20% YoY Revenue Growth and 40% YoY Increase in Adjusted EBITDA in Second Quarter 2023
July 6, 2023
Company to announce second quarter 2023 financial results and updated annual outlook on August 2, 2023
TEL AVIV & NEW YORK, July 06, 2023--(BUSINESS WIRE)--Perion Network Ltd. (Nasdaq & TASE: PERI), a global advertising technology company whose synergistic solutions are delivered across the three primary channels of digital advertising – search, social media and display/video/CTV advertising, today announced preliminary results for the second quarter of 2023.
$ million
Actual
Q2 2022
Preliminary
Q2 2023
YoY
Revenue
146.7
176.0
20%
Adjusted EBITDA(1)
28.5
40.0
40%
Adjusted EBITDA to Revenue(1)
19%
23%
(1) Adjusted EBITDA is a non-GAAP measure. See a reconciliation table below
"The strength of our second quarter results reflects continued momentum of the business," said Tal Jacobson, Perion’s incoming CEO. "Both the second quarter and first six months highlight the power of our executional agility, underlying technological innovation and market fit. Our diversified and scalable business model has allowed us to capitalize on recent positive market indications, resulting in improved margins and market share gains. Based on preliminary data suggesting stronger than initially anticipated growth, we will provide an update to our annual outlook when we report our financial results on August 2."
Conference Call Details
Perion will release its financial results for the second quarter of 2023 on Wednesday, August 2, 2023, prior to the opening of the financial markets. Incoming CEO Tal Jaconson and CFO Maoz Sigron will host a conference call to discuss the results at 8:30
