The earnings call reflects a challenging period for Perion Network, with significant declines in revenue and EBITDA due to the impact of the Microsoft contract changes and weaknesses in traditional display and video advertising. However, the company shows resilience with strong growth in emerging segments like Digital out of Home, Retail Media, and CTV, complemented by a solid financial position and ongoing innovation in AI-driven solutions. The sentiment reflects a balanced view, considering both the significant challenges and positive strategic advancements.

Company Guidance

During the Perion Network Q3 2024 earnings call, the company reiterated its full-year guidance despite reporting a 45% year-over-year decrease in revenue to $102.2 million, primarily due to a 76% decline in Search revenue. The adjusted EBITDA for the quarter was $7.4 million, reflecting an 83% year-over-year decrease, with a 7% adjusted EBITDA margin and 16% ex-TAC margin. The company maintained a strong net cash position of $383.9 million and repurchased 1.6 million shares for $13.5 million. Perion's growth engines, including Digital out of Home, Retail Media, and CTV, showed robust performance with year-over-year increases of 63%, 62%, and 19%, respectively. Despite the challenges, Perion expects Advertising Solutions to return to positive growth in 2025, with EBITDA margins slightly higher than current levels.

Strong Growth in Digital out of Home, Retail Media, and CTV

Digital out of Home grew by 63% year-over-year, Retail Media increased by 62%, and CTV saw a growth of 19% year-over-year. These segments are contributing significantly to the company's growth engines.

Solid Financial Position

Despite challenges, the company maintains a strong net cash position of $383.9 million, enabling ongoing investment in technology, organic growth, and M&A strategies.

AI-Driven Innovation

Continued investment in AI-driven technologies such as SORT and WAVE, with a focus on providing advanced data-driven solutions for digital advertising.

Share Buyback Program

Perion repurchased 1.6 million shares for $13.5 million, bringing the total buyback to 3.6 million shares and $33.5 million spent.

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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
Aug 09, 2018	2018 (Q2)	- / 0.18	0.15	20.00% (+0.03)	―	―
Nov 01, 2018	2018 (Q3)	- / 0.16	0.15	6.67% (+0.01)	―	―
Feb 13, 2019	2018 (Q4)	- / 0.21	0.24	-12.50% (-0.03)	―	―
May 15, 2019	2019 (Q1)	- / 0.13	0.12	8.33% (+0.01)	―	―
Aug 07, 2019	2019 (Q2)	- / 0.17	0.18	-5.56% (>-0.01)	―	―
Nov 06, 2019	2019 (Q3)	- / 0.18	0.16	12.50% (+0.02)	―	―
Feb 12, 2020	2019 (Q4)	- / 0.32	0.21	52.38% (+0.11)	―	―
May 06, 2020	2020 (Q1)	- / 0.17	0.13	30.77% (+0.04)	―	―
Aug 05, 2020	2020 (Q2)	- / 0.07	0.17	-58.82% (-0.10)	―	―
Oct 28, 2020	2020 (Q3)	- / 0.21	0.18	16.67% (+0.03)	―	―

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
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%
Feb 07, 2024	$29.47	$23.54	-20.12%

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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