Perion Network Ltd is a technology company that specializes in digital advertising solutions
It provides a range of innovative products and services that help brands connect with consumers across various online platforms. By leveraging advanced data analytics and creative technology, Perion delivers targeted advertising campaigns that enhance user engagement and drive measurable results for its clients. The company's offerings include display advertising, search engine marketing, and social media advertising, all aimed at optimizing customer acquisition and brand visibility in the competitive digital landscape.
Perion Network lowers Q2 and FY24 financial guidance due to changes in Microsoft's Bing advertising pricing and decline in revenue from standard video and display formats.
Perion Network reported Q1 2024 revenues of $157.82M, beating estimates, with increased daily searches and retail media revenue. Adjusted EPS was $0.44. Q2 revenue expected at $118M-$122M, FY2024 revenue expected at $590M-$610M.
