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]

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 ...

Perion Network Ltd. (NASDAQ:PERI) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Doron Gerstel - CEO & Director Maoz Sigron - CFO Conference Call Participants Jason Helfstein - Oppenheimer Laura Martin - Needham Mark Kelley - Stifel Eric Martinuzzi - Lake Street Capital Markets Jeff Martin - ROTH Capital Partners Operator Welcome to Perion Network First Quarter 2022 Earnings Conference Call. Today's conference call is being recorded. The press release detailing the financial ...

Exhibit 99.1 Perion Generates Record Year-Over-Year 368% GAAP Net Income Growth; $15.5 Million, $0.33 EPS Revenue Up 40% to $125.3 Million Net income of $15.5 million in the first quarter is ahead of the entire first half of last year; Management increases guidance for 2022 Tel Aviv & New York – April 28, 2022 – Perion Network Ltd. (NASDAQ: PERI), a global advertising technology company that delivers a holistic solution across the three main pillars of digital advertising – ad search, social media, and disp ...

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, 2021 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 ...

Financial Data and Key Metrics Changes - The company reported record revenue growth of 34% year-over-year in Q4 2021, reaching $158 million compared to $118 million in Q4 2020 [10][40] - Net income doubled to $17.7 million or $0.44 per diluted share, a 97% increase from $9 million or $0.30 per diluted share in Q4 2020 [44] - Adjusted EBITDA increased to $28.9 million, representing 18% of revenue, compared to $15.3 million or 30% of revenue in Q4 2020 [45] - The company had over $320 million in cash with no debt as of December 31, 2021, compared to $60 million in cash as of December 31, 2020 [46][9] Business Line Data and Key Metrics Changes - Display advertising revenue grew by 46% year-over-year to $100.2 million in Q4 2021, up from $68 million in Q4 2020 [40][14] - Search advertising revenue increased by 60% year-over-year to $57.8 million in Q4 2021, compared to the previous year [41] - The average deal size increased by 29% to $139,000, driven by cross-screen synchronization [10] Market Data and Key Metrics Changes - CTV revenue grew by 311% year-over-year, reaching $46 million in Q4 2021, compared to $11 million in Q4 2020 [10] - Customer retention improved from 86% in the previous year to 91% in Q4 2021 [11] Company Strategy and Development Direction - The company is focusing on a diversification strategy across digital advertising pillars: search, social, and display advertising [52] - The acquisition of Vidazoo is part of the strategic focus on video and CTV, enhancing the company's capabilities in these areas [8] - The company aims to leverage its intelligent hub, which is AI-driven, to improve operational efficiency and profitability [31][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over 25% revenue growth for 2022, with a midpoint guidance of $620 million in revenue and $90 million in EBITDA [49][54] - The company anticipates that the SORT technology will generate an additional $15 million in advertising budget from customers [54] - Management highlighted the importance of consumer engagement and the shift towards high-impact advertising formats [73] Other Important Information - The company achieved a significant increase in net cash from operating activities, reaching $71 million in 2021, a 221% increase [48] - The company is developing SORT as a service, which could create a new revenue stream from data [84] Q&A Session Summary Question: What differentiates the company from Pfizer's agency of record? - The company bridges the gap between awareness and performance advertising, directly impacting sales through innovative campaigns [62] Question: Impact of Vidazoo on gross margins? - Vidazoo's integration is expected to maintain similar margins, contributing positively to overall performance [66] Question: Uptake of high-impact CTV formats? - High-impact formats are gaining traction due to their ability to enhance consumer engagement, with 70-75% of CTV revenue coming from these units [86] Question: Inventory management and working capital? - The company does not hold inventory but refreshes ads based on real-time inventory data to drive transactions [80] Question: Selling data as a new revenue stream? - The company is exploring the potential of offering SORT as a service to publishers, which could create a new revenue stream [84]

Perion Network Ltd. (NASDAQ:PERI) Q3 2021 Earnings Conference Call October 26, 2021 8:30 AM ET Company Participants Doron Gerstel - CEO Maoz Sigron - CFO Conference Call Participants Jason Helfstein - Oppenheimer Laura Martin - Needham Jeff Martin - Roth Capital Partners Eric Martinuzzi - Lake Street Operator [Call started abruptly] Â…being asked on every call what's happened when we will be in a post-COVID so we do believe that when it comes to performance advertising it's definitely here to stay and it wi ...

Exhibit 99.1 Perion Delivers Record Revenues, Up 45% Year-Over-Year; GAAP Net Income Up 399% for the Third Quarter of 2021 Display Advertising revenues growth of 82% driven by high-impact video and CTV performance; Management increases guidance for 2021 and 2022 Tel Aviv & New York – October 26, 2021 – Perion Network Ltd. (NASDAQ: PERI), a global advertising technology company that delivers a holistic solution across the three main pillars of digital advertising – ad search, social media, and display / vide ...

Perion Network Ltd. (NASDAQ:PERI) Q2 2021 Earnings Conference Call August 3, 2021 8:30 AM ET Company Participants Doron Gerstel - CEO Maoz Sigron - CFO Conference Call Participants Jason Helfstein - Oppenheimer Laura Martin - Needham Eric Martinuzzi - Lake Street Jeff Martin - Roth Capital Partners Paul Sayer - Private Investor Operator Welcome to the Perion Network Second Quarter of 2021 Earnings Conference Call. TodayÂ's call is being recorded. The press release detailing the financial results is availabl ...

Perion Network Ltd. (NASDAQ:PERI) Q1 2021 Results Conference Call May 4, 2021 8:30 AM ET Company Participants Doron Gerstel - CEO Maoz Sigron - CFO Dan Aks - President, Undertone Conference Call Participants Laura Martin - Needham John Egbert - Stifel Jason Helfstein - Oppenheimer Eric Martinuzzi - Lake Street Jeff Martin - Roth Capital Partners Chris McGinnis - Sidoti & Company John Nobile - Taglich Brothers Operator Welcome to the Perion Network First Quarter of 2021 Earnings Conference Call. TodayÂ's con ...