The earnings call highlighted the strategic shift towards the PerionOne platform, emphasizing growth in key areas like digital out-of-home, CTV, and retail media. However, significant challenges were noted in the form of revenue decline and the non-renewal of a major contract, suggesting mixed results overall.

Company Guidance

During the Perion Network Ltd. fourth quarter and full year 2024 earnings call, CEO Tal Jacobson and CFO Elad Tzubery provided detailed guidance and insights into the company's strategic transformation under the new PerionOne strategy. The company reported a full-year revenue of $498.3 million, a 33% decrease year-over-year, with adjusted EBITDA of $50.9 million, representing a 10% margin. For 2025, Perion anticipates revenue between $400 to $420 million and adjusted EBITDA of $40 to $42 million, highlighting an expected 22% adjusted EBITDA to contribution ex-stock margin. The call emphasized the impressive growth rates of their core segments: digital out-of-home grew by 50% year-over-year, CTV by 30%, and retail media by 62%, all surpassing industry averages. Perion's transition to PerionOne aims to consolidate all technologies under one platform, enhancing operational efficiency and capitalizing on high-growth, high-margin opportunities. This strategic shift, alongside leadership additions, is expected to improve sales and marketing efficiency, while leveraging advanced AI to optimize campaign execution. The company also announced a focus on strengthening its balance sheet with $373.3 million in cash and continued share repurchase efforts, having bought back 5.2 million shares for $46.9 million.

Introduction of PerionOne Strategy

The PerionOne strategy unifies all technologies and brands under a single AI-driven advertising platform, aiming to optimize campaigns across all channels and drive efficiency.

Growth in Key Segments

Digital out-of-home grew by 50%, CTV by 30%, and retail media by 62% year over year, significantly surpassing the market growth rates of 10%, 23%, and 20%, respectively.

Strengthened Leadership Team

Addition of industry veterans including Steven Yap as Chief Revenue Officer, Kenny Lau as Chief Product Officer, and Mina Nagib as Chief Technology Officer to drive the PerionOne strategy.

Positive Financial Metrics

The company ended 2024 with positive operating cash flow, met revised guidance for revenue and EBITDA, and maintained a strong balance sheet with $373.3 million in net cash.

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Perion Network (PERI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PERI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	0.08 / -	0.44	―	―	―
Feb 19, 2025	2024 (Q4)	0.33 / 0.33	1.04	-68.27% (-0.71)
Nov 06, 2024	2024 (Q3)	0.20 / 0.23	0.84	-72.62% (-0.61)
Jul 31, 2024	2024 (Q2)	0.21 / 0.26	0.84	-69.05% (-0.58)
May 08, 2024	2024 (Q1)	0.38 / 0.44	0.6	-26.67% (-0.16)
Feb 07, 2024	2023 (Q4)	0.93 / 1.04	0.9	15.56% (+0.14)
Nov 01, 2023	2023 (Q3)	0.74 / 0.84	0.61	37.70% (+0.23)
Aug 02, 2023	2023 (Q2)	0.72 / 0.84	0.51	64.71% (+0.33)
May 03, 2023	2023 (Q1)	0.52 / 0.60	0.44	36.36% (+0.16)
Feb 08, 2023	2022 (Q4)	0.71 / 0.90	0.62	45.16% (+0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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PERI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$9.75	$8.55	-12.31%
Nov 06, 2024	$8.45	$9.05	+7.10%
Jul 31, 2024	$8.51	$8.77	+3.06%
May 08, 2024	$12.71	$12.65	-0.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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