Press Releases Perion Preliminary Results for the Third Quarter of 2022 Indicate Adjusted EBITDA of $31 Million, A Year-Over-Year Increase of 76%

Perion Preliminary Results for the Third Quarter of 2022 Indicate Adjusted EBITDA of $31 Million, A Year-Over-Year Increase of 76%

Published on

06th Oct 2023

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TEL AVIV & NEW YORK–(BUSINESS WIRE)–Oct. 6, 2022– Perion Network Ltd. (Nasdaq & TASE: PERI), a global advertising technology company whose synergistic solutions are delivered across the three primary channels of digital advertising – search, social media and display / video / CTV advertising, today announced preliminary results for the third quarter of 2022.

 

($m)

Q3 2021

Q3 2022 (preliminary)

YoY Growth

Revenue

121.0

158.0

31%

Adjusted EBITDA

17.6

31.0

76%

EBITDA to Rev Ex-TAC

37%

46%

 

“The real test of a strategy is what happens when the going gets tough. Perion’s diversification strategy has demonstrated the level of predictability and ongoing sustainability of our business, driving strong revenue and EBITDA growth” said Doron Gerstel, Perion’s CEO. “Our innovative technology allows us to gain market share, as advertisers and publishers are looking for higher ROI at these trying times. Our SORT™ technology – 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.”

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