Perion(PERI) - 2023 Q1 - Quarterly Report

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 ...