Perion Network expects a 30% surge in topline for Q4 2022
Jan. 04, 2023 6:17 AM ETPerion Network Ltd. (PERI)By: Manshi Mamtora, CFA63 Comments
- Global advertising technology company, Perion Network (NASDAQ:PERI) announced preliminary results for Q4 2022 with revenue expected to be $205M (vs. $201.6M), compares to last year's $158M.
- Adjusted EBITDA expected at $47M vs. $28.9M last year.
- Adjusted EBITDA to Revenue expected 23% vs. 18% prior.
- “Our extraordinary fourth-quarter results demonstrate that our business model is a powerful growth engine, driven by our proprietary iHub (“Intelligent hub”), which connects Perion’s supply and the demand assets. By that, we benefit from maximum operational efficiency, and simultaneously maximize economic value for our customers. We are encouraged by our ability to gain market share by significantly increasing the number of publishers adopting our monetization platform to 260, a 25% increase year-over-year.” commented Doron Gerstel, CEO.