Perion jumps on Q4 beat, post-merger guidance


Perion (PERI +10.8%) expects 2014 revenue of $460M-$470M, EBITDA of $125M-$130M, and net income of $103M-$108M. Between them, Perion and reverse merger partner ClientConnect (i.e. Conduit's toolbar unit) had 2013 revenue of $430.1M, EBITDA of $122.3M, and net income of $106.8M.

Ahead of the Jan. 2 closing of the ClientConnect deal, Perion's Q4 sales soundly beat estimates on the back of a 61% Y/Y increase in search-related revenue to $10M (lifted by deals with Yahoo, Bing, and Ask.com). Sales of all other products/services rose 12% to $6.8M.

Customer acquisition costs rose 50% Y/Y in Q4 to $14.6M , slightly outpacing rev. growth of 47%. Google accounted for 38% of 2013 revenue.

Q4 results, PR

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs