Typically, when a company misses on either trailing results or forward guidance in an earnings report, it's punished by the market. It's also frequently dinged by analysts.Sure enough, over the past few days, both groups rapped the knuckles of adtech company Perion Network (PERI -0.23%) following the release of its latest set of quarterly earnings. According to data compiled by S&P Global Market Intelligence, the stock tumbled nearly 13% in price this week.Well short with top-line guidanceHump Day was the d ...

Shares of Perion (NASDAQ: PERI ) reacted negatively to Q4 results and FY25 guidance, a trend that has become common for the past several quarters. While I acknowledge the outlook for this year was underwhelming, as its larger revenue contributors continue toAn individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a ...

Perion Network (PERI -12.41%) stock is getting hit with big sell-offs in Wednesday's trading. The ad tech company's share price was down 11.7% as of 12:40 p.m. ET and had been off as much as 15.2% earlier today.Perion reported its fourth-quarter results before the market opened this morning, and investors are having a strong bearish reaction. Besides posting sales that fell slightly short of the average Wall Street target, the company also issued guidance that was way below the mark.Perion stock slips on a ...

Perion Network Ltd. (NASDAQ:PERI) Q4 2024 Earnings Conference Call February 19, 2025 8:30 AM ET Company Participants Tal Jacobson - Chief Executive Officer Elad Tzubery - Chief Financial Officer Conference Call Participants Andrew Marok - Raymond James Jason Helfstein - Oppenheimer Eric Martinuzzi - Lake Street Laura Martin - Needham & Co. Jeff Martin - ROTH Capital Operator Hello, everybody, and welcome to the Perion Network Ltd. fourth quarter and full year 2024 earnings conference call. Today's conferenc ...

Investor Presentation Q4 2024 February 19, 2025 Forward Looking Statements 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 vie ...

Perion Network (PERI) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.94%. A quarter ago, it was expected that this digital media company would post earnings of $0.22 per share when it actually produced earnings of $0.23, delivering a surprise of 4.55%.Over the last four quarters, ...

Perion's (NASDAQ: PERI ) Q3 results were weaker than my expectations, which I had outlined in my previous article following its Q2 results. Despite the strong performance in its newer growth businesses, the company continuesAn individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally ...

Exhibit 99.1 Perion Reports Third Quarter 2024 Results Growth engines continue to excel: Digital Out of Home (DOOH), Retail media and CTV grew 63%1, 62% and 19% year-over-year, respectively New York & Tel Aviv– November 6, 2024 – Perion Network Ltd. (NASDAQ and TASE: PERI), a technology leader in connecting advertisers to consumers across all major digital channels, today reported its financial results for the third quarter ended September 30, 2024. "Third-quarter results were in line with our expectations ...

VTT Studio/iStock via Getty Images Introduction Perion Network (NASDAQ:PERI) reported its Q2 '24 results, so I wanted to go through them and give some comments on the situation and update on my position. The quarter wasn't bad in my opinion, with decent promise in diversification efforts, however, the company still has a lot to do to regain investor confidence. I am downgrading to a buy for now. The last time I covered the company was back in April when I said the company's financial position was solid, the ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $108.7 million, a decrease of 39% year-over-year [47] - Adjusted EBITDA amounted to $7.7 million, a decrease of 81% year-over-year, resulting in a 7% adjusted EBITDA margin [47] - GAAP net loss was $6.2 million, compared to a net income of $21.4 million in Q2 2023 [49] - Non-GAAP net income was $13.4 million, a year-over-year decrease of 68% [49] - Operating cash flow for Q2 was negative $20.5 million, compared to $47.4 million in the same period last year [90] Business Line Data and Key Metrics Changes - CTV business grew by 42% year-over-year to $10.2 million, representing 14% of advertising solutions revenue [6] - Digital out-of-home revenue grew by 41% year-over-year to $13 million, representing 18% of advertising solutions revenue [6][48] - Retail media vertical increased 75% year-over-year to $17.6 million, significantly outpacing the expected market growth of 26% [48] - Search advertising revenue was $34.3 million, a decrease of 57% year-over-year due to changes in Microsoft's advertising pricing mechanisms [89] Market Data and Key Metrics Changes - The global digital advertising market is expected to reach $700 billion in 2024 and grow to over $900 billion within three years [40] - The expected market growth for digital out-of-home is 11% in 2024, while the company achieved 41% growth [6] Company Strategy and Development Direction - The company aims to leverage its strong cash position to capture market share in the digital advertising market [5] - The focus is on integrating various advertising solutions to provide a holistic experience for brands [42] - The company is transitioning from being viewed as an advertising company to a technology company, emphasizing technological solutions [67] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges due to changes in Microsoft's search distribution marketplace, which significantly impacted the search business [46] - The company expects to stabilize around current revenue levels and aims for sustainable profitable growth in the coming years [34][91] - Management expressed confidence in the company's ability to navigate challenges and leverage technological advantages [58] Other Important Information - The company made significant changes in its executive team, with Maoz Sigron promoted to Chief Operating Officer and Elad Tzubery promoted to Chief Financial Officer [45][62] - The company executed a $20 million share buyback program during the quarter [61] Q&A Session Summary Question: Is the take rate the right pricing model or should the company pivot to an agency-type model? - Management clarified that the company does not view itself as an agency but as a technological layer that connects advertisers and agencies [67] Question: What are the M&A goals given the current stock performance and cash flow situation? - Management stated that they are focused on acquiring profitable companies that align with their technology strategy [71] Question: Can you provide more detail on the retail media business and its components? - Management confirmed that their retail media solutions are omni-channel, integrating various advertising platforms [75] Question: What factors contributed to the decline in open web video revenue? - Management indicated that the decline was primarily due to market dynamics and internal adjustments, including the impact of ContentIQ [34][66] Question: What are the expectations for cash generation in the second half of 2024? - Management expects to generate positive cash flow and is focused on cash generation strategies [31][71]