The Latest Breaking News from Perion

The current market uncertainties around inflation and interest rate increases have fostered widespread bearish sentiment. However, the market sell-off has caused the stocks of quality technology companies Micron Technology (MU), Perion Network (PERI), Lenovo Group (LNVGY), Telefonaktiebolaget LM Ericsson (ERIC), and Diodes (DIOD) to trade at discounted valuations. So, we…

Perion Network Ltd (NASDAQ:PERI) reported first-quarter FY22 revenue growth of 40% year-on-year to $125.3 million, beating the consensus of $122 million. Display Advertising revenues rose 80% Y/Y to $68.6 million, primarily from growth of 341% in video and CTV. Search Advertising revenue increased 10% Y/Y to $56.7 million primarily due to 18.1 million average…

Perion Network Ltd (NASDAQ:PERI) reported fourth-quarter FY21 revenue growth of 34% year-on-year to $158 million, beating the consensus of $144.96 million. Display Advertising revenues rose 46% Y/Y to $100.2 million, fueled by the proforma basis growth of 87% in video and CTV. Search Advertising revenue increased 16% Y/Y to $57.8 million, due to 17.5…