Workflow
Perion(PERI)
icon
Search documents
Perion(PERI) - 2022 Q4 - Annual Report
2023-03-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date o ...
Perion(PERI) - 2022 Q4 - Annual Report
2023-03-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of March 2023 Commission File Number: 000-51694 Perion Network Ltd. (Translation of registrant's name into English) 1 Azrieli Center, Building A, 4th Floor 26 HaRokmim Street, Holon, Israel 5885849 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annu ...
Perion(PERI) - 2022 Q4 - Earnings Call Transcript
2023-02-08 17:52
Perion Network Ltd. (NASDAQ:PERI) Q4 2022 Earnings Conference Call February 8, 2023 8:30 AM ET Company Participants Doron Gerstel - Chief Executive Officer Maoz Sigron - Chief Financial Officer Tal Jacobson - General Manager, CodeFuel Conference Call Participants Jason Helfstein - Oppenheimer Laura Martin - Needham Andrew Marok - Raymond James Mark Kelley - Stifel Eric Martinuzzi - Lake Street Capital Jeff Martin - Roth Capital Operator Welcome to the Perion Network fourth quarter and full year 2022 Earnin ...
Perion(PERI) - 2023 Q1 - Quarterly Report
2023-02-07 16:00
Exhibit 99.1 Perion's Momentum Continues, Delivering 119% Year-Over-Year Net Income Growth in the Fourth Quarter 2022; Diluted EPS of $0.79 2022 revenue increased by 34% year-over-year, net income grew by 156% to $99 million; diluted EPS doubled to $2.06 and adjusted EBITDA increased by 90% to $132 million Fourth Quarter 2022 Business Highlights • Video revenue increased by 129%, representing 43% of Display Advertising revenue • CTV revenue increased by 108% year-over-year • 59% of our agencies and brand cu ...
Perion(PERI) - 2022 Q3 - Earnings Call Presentation
2022-11-16 17:28
Q3 / 2022 Presentation Nov 09th, 2022 1 1 FORWARD LOOKING STATEMENTS 2 This presentation and our remarks contain forward-looking statements (within the meaning of The Private Securities Litigation Reform Act of 1995) that involve substantial risks and uncertainties, including statements regarding our expectations and beliefs about our business, strategy, and future operating performance. The words "will", "believe," "expect," "intend," "plan," "should" and similar expressions are intended to identify forwar ...
Perion(PERI) - 2022 Q3 - Earnings Call Transcript
2022-11-09 17:58
Perion Network Ltd (NASDAQ:PERI) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Doron Gerstel - CEO & Director Maoz Sigron - CFO Conference Call Participants Eric Martinuzzi - Lake Street Capital Markets Laura Martin - Needham & Company Andrew Marok - Raymond James & Associates Jeffrey Martin - ROTH Capital Partners Mark Kelley - Stifel Jason Helfstein - Oppenheimer Operator Hello, everybody, and welcome to the Perion Network Third Quarter of 2022 Earnings Conference Call. ...
Perion(PERI) - 2022 Q3 - Quarterly Report
2022-11-08 16:00
Exhibit 99.1 Perion Delivers Another Strong Quarter, with 31% Revenue Growth and 141% Growth in Net Income Company increases 2022 adjusted EBITDA guidance from $102M to at least $120M as a result of a sustainable improvement in profitability Tel Aviv & New York – November 9, 2022 – Perion Network Ltd. (NASDAQ & TASE: PERI), a global advertising technology company whose synergistic solutions are delivered across the three primary channels of digital advertising – ad search, social media and display/video/CTV ...
Perion(PERI) - 2022 Q2 - Quarterly Report
2022-08-16 16:00
Exhibit 99.1 PERION NETWORK LTD. AND ITS SUBSIDIARIES INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2022 IN U.S. DOLLARS (UNAUDITED) INDEX | | Page | | --- | --- | | Interim Consolidated Balance Sheets as of December 31, 2021 (audited) and June 30, 2022 (unaudited) | F-1 | | Interim Consolidated Statements of Income | | | for the Six Months Ended June 30, 2021 (unaudited) and 2022 (unaudited) | F-2 | | Interim Consolidated Statements of Comprehensive Income | | | for the Six Months Ended June 30, ...
Perion(PERI) - 2022 Q2 - Earnings Call Transcript
2022-08-03 17:00
Financial Data and Key Metrics Changes - The company reported a revenue of $146.7 million for Q2 2022, reflecting a 34% year-over-year growth, the highest second quarter revenue since 2014 [32][34] - Adjusted EBITDA reached $28.5 million, representing a 99% year-over-year growth and a margin of 19% compared to 13% last year [33][38] - GAAP net income was $19.5 million, marking a 175% year-over-year increase, the highest GAAP net income ever [33][38] - Non-GAAP diluted earnings per share were $0.51, a 55% year-over-year growth [33] - The media margin improved to 47% of revenue excluding TAC, up from 33% in the previous year [39] Business Line Data and Key Metrics Changes - Display advertising revenue was $81.6 million, a 41% year-over-year increase, with video revenue growing by 273% year-over-year, representing 44% of display advertising revenue [34][35] - Search advertising revenue was $65.1 million, a 26% year-over-year growth, driven by a 42% increase in average RPM [35][27] - The number of video platform publishers increased by 145% year-over-year from 22 to 54 [34] Market Data and Key Metrics Changes - The revenue mix for Q2 2022 was 56% display advertising and 44% search advertising, compared to 53% and 47% respectively in 2021 [36] - The company reported that 80% of its revenue comes from the U.S., indicating stronger performance in this market [55][56] Company Strategy and Development Direction - The company emphasizes diversification across digital advertising channels, including search, social, and display advertising [8][11] - The introduction of the AI hub (iHub) is aimed at improving operational efficiencies and optimizing media costs [14][80] - The company is focusing on privacy-first solutions, particularly with its SORT platform, to address consumer privacy concerns [15][71] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing momentum despite macroeconomic challenges, citing strong execution and market share gains [31][43] - The company anticipates that the shift towards direct response advertising will continue, supported by increased advertiser spending in search [27][92] - Management highlighted the importance of adapting to changing advertiser preferences and the ongoing investment in innovation [62][86] Other Important Information - The company reported net cash provided by operating activities of $25.7 million, a 76% year-over-year growth [40] - As of June 30, 2022, the company had cash and cash equivalents of $353 million with zero debt [43] Q&A Session Summary Question: What is driving the strong search revenue growth? - The increase in the number of new publishers and higher RPM due to targeted advertising strategies are key drivers [49] Question: How does the company view geographic strength and brand versus direct response advertising? - The U.S. market is stronger, with display advertising growing more than search advertising [51][55] Question: What parts of ad tech are being affected by macroeconomic conditions? - Companies with narrow offerings are more affected, while the company's diversification strategy mitigates risks [61] Question: What is the expectation for the revenue mix between advertising and search for the year? - The company expects a higher percentage of advertising in Q3 and Q4, but acknowledges the volatility in advertiser preferences [76] Question: How is the company thinking about acquisitions moving forward? - The company is focused on organic growth but is also looking for opportunities in CTV and retail sectors for potential acquisitions [91][109]
Perion Network (PERI) Investor Presentation - Slideshow
2022-06-11 18:32
IR Presentation May 2022 1 FORWARD LOOKING STATEMENTS This presentation and our remarks contain forward-looking statements (within the meaning of The Private Securities Litigation Reform Act of 1995) that involve substantial risks and uncertainties, including statements regarding our expectations and beliefs about our business, strategy, and future operating performance. The words "will", "believe," "expect," "intend," "plan," "should" and similar expressions are intended to identify forward-looking stateme ...