{"id":692670,"date":"2022-10-06T01:03:05","date_gmt":"2022-10-06T05:03:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/perion-preliminary-results-for-the-third-quarter-of-2022-indicate-adjusted-ebitda-of-31-million-a-year-over-year-increase-of-76\/"},"modified":"2022-10-06T01:03:05","modified_gmt":"2022-10-06T05:03:05","slug":"perion-preliminary-results-for-the-third-quarter-of-2022-indicate-adjusted-ebitda-of-31-million-a-year-over-year-increase-of-76","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/perion-preliminary-results-for-the-third-quarter-of-2022-indicate-adjusted-ebitda-of-31-million-a-year-over-year-increase-of-76\/","title":{"rendered":"Perion Preliminary Results for the Third Quarter of 2022 Indicate Adjusted EBITDA of $31 Million, A Year-Over-Year Increase of 76%"},"content":{"rendered":"

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Perion Preliminary Results for the Third Quarter of 2022 Indicate Adjusted EBITDA of $31 Million, A Year-Over-Year Increase of 76%<\/b><\/p>\n

The Company will announce its third quarter 2022 financial results on November 9, 2022<\/i><\/p>\n

TEL AVIV & NEW YORK–(BUSINESS WIRE<\/a>)–Perion Network Ltd.<\/a> (Nasdaq & TASE: PERI<\/a>), a global advertising technology company whose synergistic solutions are delivered across the three primary channels of digital advertising \u2013 search, social media and display \/ video \/ CTV advertising, today announced preliminary results for the third quarter of 2022.\n<\/p>\n\n\n\n\n\n
\n

($m)<\/b><\/p>\n<\/td>\n

\n

Q3 2021<\/b><\/p>\n<\/td>\n

\n

Q3 2022 (preliminary)<\/b><\/p>\n<\/td>\n

\n

YoY Growth<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nRevenue\n<\/p>\n<\/td>\n

\n

\n121.0\n<\/p>\n<\/td>\n

\n

\n158.0\n<\/p>\n<\/td>\n

\n

\n31%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nAdjusted EBITDA\n<\/p>\n<\/td>\n

\n

\n17.6\n<\/p>\n<\/td>\n

\n

\n31.0\n<\/p>\n<\/td>\n

\n

\n76%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nEBITDA to Rev Ex-TAC\n<\/p>\n<\/td>\n

\n

\n37%\n<\/p>\n<\/td>\n

\n

\n46%\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n\u201cThe real test of a strategy is what happens when the going gets tough. Perion\u2019s diversification strategy has demonstrated the level of predictability and ongoing sustainability of our business, driving strong revenue and EBITDA growth\u201d said Doron Gerstel, Perion\u2019s CEO. \u201cOur innovative technology allows us to gain market share, as advertisers and publishers are looking for higher ROI at these trying times. Our SORT\u2122 technology \u2013 which is built on multi-award-winning AI that leverages the powerful consumer privacy trend, is gaining huge momentum and attracting world-class advertisers like Mercedes<\/a>.\u201d\n<\/p>\n

Conference Call Details<\/b><\/p>\n

\nPerion will release its financial results for the third quarter of 2022, on Wednesday, November 9, 2022, prior to the opening of the financial markets. Doron Gerstel, CEO and Maoz Sigron, CFO will host a conference call to discuss the results at 8:30 a.m. ET that day. Call details:\n<\/p>\n

\nRegistration link:\n<\/p>\n