Perion reaffirms 2022 outlook

Jun. 29, 2022 8:44 AM ETPerion Network Ltd. (PERI)By: Preeti Singh, SA News Editor14 Comments
  • Perion Network (NASDAQ:PERI) shares popped over 5% pre-market after the advertising technology company reiterated its annual guidance, expecting revenue in the range of $620-$640M (+32% Y/Y). The consensus revenue estimate is $629.10M.
  • Adjusted EBITDA is projected between $98-$102M (+44% Y/Y).
  • Doron Gerstel, CEO of Perion, stated, "With the first half of 2022 behind us and with the visibility we have into the second half of the year, we feel confident reiterating our annual guidance."
  • Additionally, Perion (PERI) launched an integrated campaign for its proprietary SORT platform, said to be the first cookieless solution that ensures total anonymity and privacy.

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