The most recent trading session ended with Perion Network (PERI) standing at $28.22, reflecting a -1.6% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.56%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.59%.Prior to today's trading, shares of the digital media company had lost 6.82% over the past month. This has lagged the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 1.2% in that time.Investor ...

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Perion Network Ltd. (NASDAQ and TASE: PERI), connecting advertisers with consumers through technology across all major digital channels, announced today that it integrated its Vidazoo video monetization platform with Amazon Publisher Services (APS). The integration includes two prominent APS services: Transparent Ad Marketplace (TAM) - which enables Vidazoo to attract more publishers to its smart video monetization platform, forming direct integrations with ...

Perion Network (PERI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this digital media company have returned -10.9%, compared to the Zacks S&P 500 composite's +3.5% change. During this period, the Zacks Internet - Content industry, which Perion Network falls in, has gained 0.3%. The key question now is: What could be the stock's future direction? ...

Perion Network (PERI) closed at $28.41 in the latest trading session, marking a -1.97% move from the prior day. This change lagged the S&P 500's daily gain of 0.57%. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 0.75%.Coming into today, shares of the digital media company had lost 2.56% in the past month. In that same time, the Computer and Technology sector gained 1.51%, while the S&P 500 gained 3.4%.Investors will be eagerly watching for the performance of Perion Network in its upcomi ...

The latest trading session saw Perion Network (PERI) ending at $29.14, denoting a -1.25% adjustment from its last day's close. This change lagged the S&P 500's 0.34% loss on the day. On the other hand, the Dow registered a gain of 0.03%, and the technology-centric Nasdaq decreased by 0.56%.Heading into today, shares of the digital media company had gained 7.66% over the past month, outpacing the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 2.56% in that time.The investment commun ...

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Perion Network Ltd. (NASDAQ and TASE: PERI), connecting advertisers with consumers through technology across all major digital channels, announces today that it will participate in the 26th Annual Needham Growth Conference on January 18 in New York. During the conference, management will host one-on-one meetings with investors. To schedule a meeting with the Company, please contact your representative at Needham. The company will also participate in a fireside ...

This presentation contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words "will," "believe," "expect," "intend," "plan," "should", "estimate" and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events an ...

Financial Data and Key Metrics Changes - Revenue for Q3 2023 increased by 17% year-over-year to $185.3 million, with a two-year CAGR of 24% [32][41] - Adjusted EBITDA increased by 29% year-over-year to $42.7 million, with an adjusted EBITDA margin of 23%, up from 21% in Q3 2022 [34][32] - GAAP net income rose by 28% to $32.8 million, or $0.65 per diluted share, compared to $25.6 million, or $0.53 per diluted share in Q3 2022 [30][32] - Non-GAAP net income increased by 42% to $42.4 million, or $0.84 per diluted share, compared to $29.9 million, or $0.61 per diluted share last year [30][32] Business Line Data and Key Metrics Changes - Display advertising revenue increased by 14% year-over-year to $99.2 million, accounting for 54% of total revenue [28] - Retail media revenue more than doubled, increasing by 112% year-over-year, and accounted for 30% of display advertising revenue compared to 7% in the same period last year [33] - CTV revenue grew by 39% year-over-year, representing 8% of advertising revenue compared to 7% last year [42] Market Data and Key Metrics Changes - The U.S. digital audio ad market is projected to reach nearly $6.8 billion in 2023, with the company's new WAVE solution designed to enhance personalization and engagement [12] - Average daily searches increased by 86% year-over-year, and the number of publishers grew by 60% year-over-year [42] Company Strategy and Development Direction - The company focuses on technological innovation and operational efficiency to drive growth and profitability [6][34] - There is an emphasis on diversifying cash allocation to mitigate risks associated with geopolitical tensions, as nearly 100% of revenue is generated outside of Israel [26] - The company is actively reviewing M&A opportunities to accelerate growth and diversification, particularly in technology that complements its existing portfolio [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver continuous profitable growth despite macroeconomic headwinds [19][27] - The company reiterated its full-year 2023 guidance, indicating strong expectations for year-over-year revenue and adjusted EBITDA growth [36] - Management highlighted the resilience of the business model and the ability to adapt to changing market conditions [19][27] Other Important Information - The company has successfully directed resources to high-growth areas with higher margins, contributing to a 29% year-over-year growth in adjusted EBITDA [34] - The operational discipline and innovative technology have positioned the company as a unique and competitive player in the industry [31] Q&A Session Summary Question: What is driving the growth in retail media? - The growth is attributed to both new customers and deepening relationships with existing customers through enhanced technologies like WAVE [46] Question: Why is video advertising down while CTV is up? - The decrease in video revenue is due to a strategic shift in inventory from video to display to maximize profitability [42][47] Question: What is the outlook for growth in search and display? - The company expects organic growth to continue in search, retail, and CTV, with ongoing evaluations for potential M&A opportunities [64] Question: How is SORT performing? - SORT is performing well and is seen as a key driver for growth, especially as it does not rely on cookies or IPs, making it resilient to changes in privacy regulations [76]

Financial Performance - Net cash provided by operating activities in Q3 2023 was $40.1 million, a 15.6% increase from $34.7 million in Q3 2022[1] - Cash and cash equivalents, short-term bank deposits, and marketable securities totaled $523.6 million as of September 30, 2023, up 21.9% from $429.6 million as of December 31, 2022[1] - Total revenue for Q3 2023 was $185.3 million, a 16.8% increase from $158.6 million in Q3 2022[12] - Net income for Q3 2023 was $32.8 million, a 28.3% increase from $25.6 million in Q3 2022[12] - Diluted earnings per share for Q3 2023 were $0.65, up 22.6% from $0.53 in Q3 2022[12] - Total assets as of September 30, 2023, were $940.1 million, an 8.0% increase from $870.2 million as of December 31, 2022[14] - Retained earnings as of September 30, 2023, were $148.8 million, a 110.2% increase from $70.8 million as of December 31, 2022[14] - Revenue increased by 17% year-over-year to $185.3 million in Q3 2023, with a total of $509.0 million for the first nine months of 2023[21][30] - Adjusted EBITDA grew by 29% year-over-year to $42.7 million in Q3 2023, reaching $115.2 million for the first nine months of 2023[21][30] - Non-GAAP Net Income increased by 42% year-over-year to $42.4 million in Q3 2023, reaching $114.4 million for the first nine months of 2023[30] - Net cash from operations increased by 16% year-over-year to $40.1 million in Q3 2023, totaling $105.2 million for the first nine months of 2023[30] - Revenue increased 17% to $185.3 million in Q3 2023 from $158.6 million in Q3 2022[35] - GAAP net income increased by 28% to $32.8 million in Q3 2023 compared to $25.6 million in Q3 2022[36] - Non-GAAP net income was $42.4 million, or 23% of revenue, in Q3 2023, compared to $29.9 million, or 19% of revenue, in Q3 2022[37] - Adjusted EBITDA was $42.7 million, or 23% of revenue (and 55% of Contribution ex-TAC) in Q3 2023, compared to $33.0 million, or 21% of revenue (and 51% of Contribution ex-TAC) in Q3 2022[38] Advertising Revenue - Display advertising revenue in Q3 2023 was $99.2 million, up 14.3% from $86.8 million in Q3 2022[12] - Search advertising revenue in Q3 2023 was $86.1 million, a 19.9% increase from $71.8 million in Q3 2022[12] - Retail Media revenue surged 112% year-over-year to $13.0 million in Q3 2023, accounting for 13% of Display Advertising revenue[29] - CTV revenue increased by 39% year-over-year to $7.9 million in Q3 2023, representing 8% of Display Advertising revenue[29] - Search Advertising revenue rose by 20% year-over-year to $86.1 million in Q3 2023, with a total of $230.5 million for the first nine months of 2023[30] - Display Advertising revenue increased 14% YoY, accounting for 54% of total revenue, driven by a 112% YoY increase in Retail revenue to $13.0 million and a 39% YoY increase in CTV revenue to $7.9 million[35] - Search Advertising revenue increased 20% YoY, accounting for 46% of revenue, with an 86% increase in Average Daily Searches and a 16% increase in the number of publishers[35] Costs and Expenses - Traffic acquisition costs and media buy in Q3 2023 were $108.0 million, a 15.3% increase from $93.6 million in Q3 2022[12] - TAC amounted to $108.0 million, or 58% of revenue, in Q3 2023, compared to $93.6 million, or 59% of revenue, in Q3 2022[36] Guidance and Forecast - Perion reiterates its annual revenue and adjusted EBITDA guidance for 2023[31] - 2023 revenue guidance is $730-$750 million, representing a 16% YoY growth[32] - 2023 Adjusted EBITDA guidance is $167+ million, representing a 26% YoY growth[32] - Adjusted EBITDA to Revenue is expected to increase to 23% in 2023 from 21% in 2022[32] Operational Metrics - Average Daily Searches increased by 86% year-over-year to 31.3 million, with Search Advertising publishers growing by 16% to 164[29] Innovation and Product Development - The company launched WAVE, a generative AI-powered dynamic audio advertising solution, targeting Retail, QSR, automotive, and travel verticals[23][26]

1 Forward Looking Statements Non-GAAP Measures Non-GAAP Operating Expenses and Cost of Revenue is defined as Total Costs and Expenses excluding traffic acquisition costs and media buy, depreciation, amortization of acquired intangible assets, stock-based compensation expenses, retention and other acquisition-related expenses and gains and losses recognized with respect to changes in fair value of contingent consideration. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ("Adjusted EBI ...