Tillkännagivande • Apr 29
Perion Network Ltd. to Report Q1, 2026 Results on May 20, 2026 Perion Network Ltd. announced that they will report Q1, 2026 results Pre-Market on May 20, 2026 Recent Insider Transactions Derivative • Mar 19
Chief Revenue Officer notifies of intention to sell stock Stephen Yap intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of March. If the sale is conducted around the recent share price of US$8.68, it would amount to US$54k. As of today, Stephen currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Feb 19
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: US$0.19 loss per share (down from US$0.27 profit in FY 2024). Revenue: US$439.9m (down 12% from FY 2024). Net loss: US$7.93m (down 163% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings have declined by 2.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Recent Insider Transactions Derivative • Feb 05
Chief Revenue Officer notifies of intention to sell stock Stephen Yap intends to sell 13k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of February. If the sale is conducted around the recent share price of US$8.80, it would amount to US$118k. As of today, Stephen currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Tillkännagivande • Jan 27
Perion Network Ltd. to Report Q4, 2025 Results on Feb 18, 2026 Perion Network Ltd. announced that they will report Q4, 2025 results Pre-Market on Feb 18, 2026 Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 119% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.072 to -US$0.158 per share. Revenue forecast unchanged at US$439.3m. Media industry in the US expected to see average net income growth of 45% next year. Consensus price target up from US$14.00 to US$14.50. Share price rose 3.1% to US$9.79 over the past week. Tillkännagivande • Nov 14
Perion Network Ltd., Annual General Meeting, Dec 18, 2025 Perion Network Ltd., Annual General Meeting, Dec 18, 2025. Location: co. offices, Israel Reported Earnings • Nov 14
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: US$0.098 loss per share (down from US$0.045 profit in 3Q 2024). Revenue: US$110.5m (up 8.1% from 3Q 2024). Net loss: US$4.08m (down 293% from profit in 3Q 2024). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Media industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 13
Perion Network Ltd. Reiterates Earning Guidance for the Full Year 2025 Perion Network Ltd. reiterating earning guidance for the full year 2025. For the year, the company expects revenue of $430 million to $450 million. Tillkännagivande • Nov 06
Perion Network Ltd. Launches DOOH Player, Completion the Full-Stack Marketing Operating System for DOOH and Retail Media Perion Network Ltd. announced the launch of the period DOOH Player, a next-generation solution that completes the company’s advanced full-stack technology for Digital-Out-of-Home (DOOH) and Retail Media. The solution is designed to drive operational scale and new recurring and predictable revenue opportunities. This launch marks a significant milestone in Perion’s strategy to build a Marketing Operating System that unifies ad delivery, optimization, and monetization across multiple channels - extending Perion’s differentiated presence in high-growth media environments. The period DOOH Player integrates seamlessly into its Ad Server, Header Bidder, and SSP, creating an end-to-end solution that replaces fragmented legacy systems. With this unified solution, media owners can seamlessly create, manage, and deliver ad campaigns, maximizing both direct and programmatic revenue from a single platform. At the same time, display signage partners benefit from a flexible, hardware-agnostic integration layer that ensures compatibility across digital signage environments. The period DOOH Player introduces a range of advanced capabilities: Dynamic Ad Serving: Replaces rigid schedules and loops with goal-based ad delivery using share of voice, impressions, or audience targeting. This allows sales teams to sell more campaigns to more advertisers. Programmatic Flexibility: Adds flexibility for advanced buying types such as DCO and Programmatic Guaranteed, across static, video, and dynamic ad formats. Smart Offline Support: Maintains campaign pacing even during network disruptions or inconsistent internet access. Hardware and OS Agnostic: Compatible with a wide range of digital signage setups, including Windows, Linux, Android, and System-on-Chip devices, ensuring seamless integration with global display manufacturers and digital signage solution providers. Advanced Network Management: Provides central control for remote management, screen synchronization, complex video walls, and creative playback across multiple screens simultaneously By completing the DOOH full-stack, period strengthens its position as a technology leader, bridging the open and closed web, expanding its platform reach into high-growth channels that offer measurable performance, recurring revenue opportunities, and long-term operating leverage. Tillkännagivande • Oct 28
Perion Network Ltd. to Report Q3, 2025 Results on Nov 12, 2025 Perion Network Ltd. announced that they will report Q3, 2025 results Pre-Market on Nov 12, 2025 Tillkännagivande • Sep 11
Perion Network Ltd. Launches "SODA " - Next Generation Ai-Powered Supply-Side Technology for Web and Dooh Designed to Increase Revenue for Publishers, and Reduce Waste for Advertisers Perion Network Ltd. announced the launch of SODA (Supply Optimization & Demand Amplification), an AI-powered suite of solutions for publishers, featuring a next-generation AI algorithm for Supply Path Optimization (SPO) designed to maximize efficiency and monetization across every ad impression. With SODA, period introduces a new standard in Supply Path Optimization. Powered by real-time mediation, direct integration with Perion's demand-side intelligence, and sustainability logic, SODA delivers SPO 2.0, a breakthrough for digital publishers seeking financial performance, efficiency, and environmental responsibility. SODA integrates seamlessly into any website and DOOH screen, introducing a suite of capabilities: Smart Mediation Layer: SODA evaluates all incoming bid requests from Demand-Side Platforms (DSPs) and Supply-Side Platforms (SSPs), selecting only the top-performing paths to ensure maximum yield for publishers. Demand-Side Synergy with Perion's Algo: Running in parallel with Perion's demand- side Algo, SODA enables enhanced feedback loops, constantly identifying and rewarding high-performing inventory with increased demand and higher CPMs. SODA is now available for integration for selected premium publishers, and is already in use by Mediatransports, a leader in Digital-Out-Of-Home advertising in France, leveraging its AI-powered capabilities to optimize DOOH campaigns in transport environments, such as train stations and subways. Major Estimate Revision • Aug 18
Consensus EPS estimates fall by 1,192% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.006 to -US$0.0775 per share. Revenue forecast unchanged at US$440.8m. Media industry in the US expected to see average net income growth of 20% next year. Consensus price target of US$14.00 unchanged from last update. Share price was steady at US$9.15 over the past week. Reported Earnings • Aug 12
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: US$0.083 loss per share (improved from US$0.13 loss in 2Q 2024). Revenue: US$103.0m (down 5.3% from 2Q 2024). Net loss: US$3.47m (loss narrowed 44% from 2Q 2024). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. CEO & Director Tal Jacobson was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 10
Perion Network Ltd. to Report Q2, 2025 Results on Aug 11, 2025 Perion Network Ltd. announced that they will report Q2, 2025 results Pre-Market on Aug 11, 2025 Reported Earnings • May 14
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: US$0.19 loss per share (down from US$0.24 profit in 1Q 2024). Revenue: US$89.3m (down 43% from 1Q 2024). Net loss: US$8.35m (down 171% from profit in 1Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 14
Perion Network Ltd. Raises Earnings Guidance for Full Year 2025 Perion Network Ltd. raised earnings guidance for full year 2025. Based on current expectations, the Company is increasing its full-year 2025 outlook ranges: Revenue of $430 to $450 million. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$10.85, the stock trades at a forward P/E ratio of 155x. Average forward P/E is 10x in the Media industry in the US. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$6.70 per share. Tillkännagivande • May 13
Perion Network Ltd. (NasdaqGS:PERI) acquired Greenbids. Perion Network Ltd. (NasdaqGS:PERI) acquired Greenbids for $65 million on May 13, 2025. The transaction terms include $27.5 million in cash paid upon closing, a two-year cash earnout of $22.5 million, and a 3-year employee retention of $15 million in cash and equity. the transaction is expected to be accretive to Perion’s adjusted EBITDA and margins from day one.
LUMA Partners LLC acted as financial advisor for Greenbids.
Perion Network Ltd. (NasdaqGS:PERI) completed the acquisition ofGreenbids for $65 million on May 13, 2025. Tillkännagivande • May 07
Perion Network Ltd.(TASE:PERI) dropped from TA-125 Index Perion Network Ltd. has been dropped from the TA-125 Index. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$8.88, the stock trades at a forward P/E ratio of 89x. Average forward P/E is 9x in the Media industry in the US. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$6.99 per share. Tillkännagivande • Apr 17
Perion Network Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2025 Perion Network Ltd. provided earnings guidance for the first quarter ended March 31, 2025. For the quarter, the company expects to report revenue of approximately $88 million. Buy Or Sell Opportunity • Apr 16
Now 25% overvalued Over the last 90 days, the stock has fallen 2.5% to US$8.68. The fair value is estimated to be US$6.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 6.4%. Revenue is forecast to decline by 11% in 2 years. Earnings are forecast to decline by 21% in the next 2 years. Tillkännagivande • Apr 16
Perion Network Ltd. to Report Q1, 2025 Results on May 13, 2025 Perion Network Ltd. announced that they will report Q1, 2025 results Pre-Market on May 13, 2025 Reported Earnings • Mar 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.27 (down from US$2.44 in FY 2023). Revenue: US$498.3m (down 33% from FY 2023). Net income: US$12.6m (down 89% from FY 2023). Profit margin: 2.5% (down from 16% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the Media industry in the US are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 21
Perion Network Ltd. Provides Earnings Guidance for the Full Year 2025 Perion Network Ltd. provided earnings guidance for the full year 2025. For the period, the company expected revenue to be in the range of $400 million to $420 million. Reported Earnings • Feb 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.27 (down from US$2.49 in FY 2023). Revenue: US$498.3m (down 33% from FY 2023). Net income: US$12.6m (down 89% from FY 2023). Profit margin: 2.5% (down from 16% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Feb 03
Perion Appoints Stephen Yap as Chief Revenue Officer Perion Network Ltd. announced the appointment of Stephen Yap as the Company’s new Chief Revenue Officer. As a 17-year veteran of Google, Yap was responsible for developing, launching, and commercializing Google’s platforms business and led its sales and operations for over seven years. He also founded Google’s data and measurement platforms business, starting with Google Analytics Premium. Over seven years of leading this business, Yap was responsible for global sales, business development, and commercializing Google Tag Manager, Audience Center, Data Studio, and attribution solutions. Previously, Yap worked as a Director of Sales at DoubleClick and holds a B.A. in Psychology from Boston College. Tillkännagivande • Jan 23
Perion Network Ltd. to Report Q4, 2024 Results on Feb 19, 2025 Perion Network Ltd. announced that they will report Q4, 2024 results on Feb 19, 2025 New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 67% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (7.8% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Tillkännagivande • Nov 26
Perion Network Ltd. Unveils Anyplace Tv, Expanding Video & Ctv Advertising Solutions Through Programmatic Dooh Perion Network Ltd. announced the launch of Perion's Anyplace TV, a new solution that provides advertisers with enhanced capabilities to extend the reach of their CTV and other video campaigns onto unique screens out of the home. Available globally, Perion's Anyplace TV enables advertisers to extend their one-to-one video reach beyond traditional video channels to unique one-to-many DOOH environments and improve campaign effectiveness. In a landscape where video ad spend is projected to reach $191.3 billion this year, with CTV accounting for $34.4 billion, Perion's Any place TV introduces an effective approach to video campaign execution. The solution uses Perion's DOOH impression multiplier methodology via the Hivestack platform, utilizing the Media Rating Council (MRC) accredited measurement from trade organizations in respective markets. This approach bridges the gap between one-to-one and one-to-many environments, enabling advertisers to achieve greater scale and efficiency. Key benefits include: Guaranteed Viewability: Non-skippable ads with 100% viewability and completion rates. Extensive Reach: Access to video-enabled DOOH inventory across 75% of Perion's Hivestack's global network of over 1M screens globally. Creative Flexibility: Support for standard 10, 12 and 15-second video spots, with some locations featuring audio capabilities. Real-Time Optimization: Dynamic scheduling and content updates for timely campaign adjustments. Major Estimate Revision • Nov 13
Consensus EPS estimates increase by 27% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$0.232 to US$0.293. Revenue forecast steady at US$499.1m. Net income forecast to shrink 76% next year vs 54% growth forecast for Media industry in the US . Consensus price target up from US$8.83 to US$9.50. Share price was steady at US$8.87 over the past week. Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.045 (down from US$0.69 in 3Q 2023). Revenue: US$102.2m (down 45% from 3Q 2023). Net income: US$2.11m (down 94% from 3Q 2023). Profit margin: 2.1% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 07
Perion Network Ltd. Reiterates Earnings Guidance for the Fiscal Year 2024 Perion Network Ltd. reiterated earnings guidance for the fiscal year 2024. For the full year, the company is reiterating its previously issued full-year 2024 guidance based on current expectations, revenue in the range of $490 million to $510 million. Tillkännagivande • Oct 15
Perion Network Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Perion Network Ltd. announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Price Target Changed • Oct 14
Price target decreased by 8.6% to US$8.83 Down from US$9.67, the current price target is an average from 3 analysts. New target price is 13% above last closing price of US$7.83. Stock is down 71% over the past year. The company is forecast to post earnings per share of US$0.23 for next year compared to US$2.49 last year. Tillkännagivande • Aug 27
Perion Network Ltd., Annual General Meeting, Sep 30, 2024 Perion Network Ltd., Annual General Meeting, Sep 30, 2024. Location: 1 azrieli center, building a, 4th floor, 26 harokmim street, 5885849, holon, Israel Major Estimate Revision • Aug 07
Consensus EPS estimates fall by 42% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.397 to US$0.232 per share. Revenue forecast steady at US$500.6m. Net income forecast to shrink 87% next year vs 31% growth forecast for Media industry in the US . Consensus price target down from US$9.67 to US$9.33. Share price fell 7.3% to US$8.13 over the past week. Recent Insider Transactions Derivative • Aug 05
President of Undertone notifies of intention to sell stock Daniel Aks intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of August. If the sale is conducted around the recent share price of US$8.77, it would amount to US$76k. As of today, Daniel currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • Aug 02
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: US$0.13 loss per share (down from US$0.46 profit in 2Q 2023). Revenue: US$108.7m (down 39% from 2Q 2023). Net loss: US$6.21m (down 129% from profit in 2Q 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Media industry in the US are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 31
Perion Network Ltd. Reiterates Earnings Guidance for the Full Year 2024 Perion Network Ltd. reiterated earnings guidance for the full year 2024. For the year, the company reiterated Revenue guidance of $490 million to $510 million. Tillkännagivande • Jul 10
Perion Network Ltd. to Report Q2, 2024 Results on Jul 31, 2024 Perion Network Ltd. announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Major Estimate Revision • Jun 13
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$600.9m to US$499.9m. EPS estimate fell from US$0.918 to US$0.397 per share. Net income forecast to shrink 83% next year vs 38% growth forecast for Media industry in the US . Consensus price target down from US$15.60 to US$9.67. Share price fell 32% to US$8.43 over the past week. Tillkännagivande • Jun 13
Perion Network Ltd. Updated Second Quarter and Full Year Guidance for the Year 2024 Perion Network Ltd. revised earnings guidance for the second quarter and full year of 2024. For the second quarter, the company expects revenue of $106 million to $108 million. The company has also seen a recent decline in revenue from standard video and display formats. The company believes these declines reflect market conditions as well as a transition to higher premium formats that offer advertisers higher ROI. period continues to see increased revenue from higher premium formats but not at a level sufficient to offset the revenue decrease from this change. For the fiscal year 2024, the company expects revenue of $490 million to $510 million. Buy Or Sell Opportunity • Jun 10
Now 43% undervalued after recent price drop Over the last 90 days, the stock has fallen 62% to US$8.61. The fair value is estimated to be US$15.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to decline by 30% in a year. Earnings are forecast to decline by 74% in the next year. Tillkännagivande • May 09
Perion Network Ltd. Provides Earnings Guidance for the Second Quarter and Fiscal Year 2024 Perion Network Ltd. provided earnings guidance for the second quarter and fiscal year 2024. For the second quarter, the company expects revenue to be in the range of $118 million to $122 million.For the fiscal year, the company expects revenue to be in the range of $590 million to $610 million. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.51 in 1Q 2023) First quarter 2024 results: EPS: US$0.24 (down from US$0.51 in 1Q 2023). Revenue: US$157.8m (up 8.7% from 1Q 2023). Net income: US$11.8m (down 51% from 1Q 2023). Profit margin: 7.5% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Media industry in the US are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 17
Bragar Eagel & Squire, P.C. Announces a Class Action Lawsuit Filed Against period Network Ltd Bragar Eagel & Squire, P.C. announced that a class action lawsuit has been filed against period Network Ltd. (Company) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired period securities between February 9, 2021 and April 5, 2024, both dates inclusive (the “Class Period”). Investors have until June 17, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Perion’s most significant search partner and larger source of revenue is Microsoft. The company’s agreement with Microsoft accounted for more than one third of Perion’s revenue in the each of the last three years. On April 8, 2024, period announced preliminary financial results for First Quarter 2024 and updated full year 2024 guidance, revealing that in First Quarter period experienced a decline in search advertising activity due to changes in pricing implemented by Microsoft Bing. On this news, the price of period Network Ltd. common stock declined by $8.61 per share, or approximately 40%, on April 8, 2024. The filed complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material facts, including that: (1) Perion’s search advertising business was not a reliable and significant growth driver and was in fact in decline; (2) Perion’s long-term relationship with Microsoft and search services agreement would not provide stability for Perion’s search advertising business; (3) there was an increased risk of Microsoft acting to unilaterally change its advertising pricing and mechanisms to the detriment of period while the search services agreement was in place; (4) Perion’s AI technology and Microsoft’s investment in ChatGPT would not protect or grow Perion’s search advertising revenue; and (5) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about Perion’s search advertising business and related financial results, growth, and prospects. Reported Earnings • Apr 11
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$2.49 (up from US$2.21 in FY 2022). Revenue: US$743.2m (up 16% from FY 2022). Net income: US$117.4m (up 18% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is expected to decline by 8.7% p.a. on average during the next 2 years, while revenues in the Media industry in the US are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Apr 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 40% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Tillkännagivande • Apr 09
Perion Network Ltd. Revises Earnings Guidance for the Fiscal 2024 Perion Network Ltd. revised earnings guidance for the fiscal 2024. For the year, the company now expects revenue to be in the range of $590 million to $610 million against previous guidance of $860 million to $880 million. Major Estimate Revision • Apr 09
Consensus revenue estimates decrease by 31% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$870.1m to US$597.3m. EPS estimate unchanged from US$1.21 per share at last update. Media industry in the US expected to see average net income growth of 47% next year. Consensus price target of US$20.20 unchanged from last update. Share price fell 39% to US$13.18 over the past week. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 43% After last week's 43% share price decline to US$12.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Media industry in the US. Total loss to shareholders of 29% over the past three years. Tillkännagivande • Feb 20
Perion Network Ltd. (NasdaqGS:PERI) announces an Equity Buyback for $50 million worth of its shares. Perion Network Ltd. (NasdaqGS:PERI) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. The program is subject to the issuance of the company’s audited annual financial report for the year 2023, expected in March 2024. Reported Earnings • Feb 08
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$2.49 (up from US$2.21 in FY 2022). Revenue: US$743.2m (up 16% from FY 2022). Net income: US$117.4m (up 18% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Media industry in the US. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Feb 07
Co-Founder of Vidazoo notifies of intention to sell stock Daniel Slivkin intends to sell 51k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of February. If the sale is conducted around the recent share price of US$29.12, it would amount to US$1.5m. As of today, Daniel currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months. Tillkännagivande • Feb 07
Perion Network Ltd. Provides Earnings Guidance for the Year 2024 Perion Network Ltd. provided earnings guidance for the year 2024. For the year, the company expects revenue to be in the range of $860 million to $880 million.