Press Releases Perion’s Momentum Extends into the Fourth Quarter of 2022 – Preliminary Results Show Over 60% YoY Adjusted EBITDA Growth and 30% YoY Revenue Growth.

Perion’s Momentum Extends into the Fourth Quarter of 2022 – Preliminary Results Show Over 60% YoY Adjusted EBITDA Growth and 30% YoY Revenue Growth.

Published on

04th Jan 2023

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TEL AVIV, Israel & NEW YORK–(BUSINESS WIRE)–Jan. 4, 2023– 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 fourth quarter of 2022.

 

$ Million

Actual Q4 2021

Preliminary Q4 2022

YoY

Actual FY 2021

Preliminary FY 2022

YoY

Revenue

158

205

30%

478.5

636

33%

Adjusted EBITDA(1)

28.9

47

63%

69.6

131

88%

Adjusted EBITDA to Rev

18%

23%

15%

21%

Adjusted EBITDA to Rev EX TAC

45%

53%

37%

46%

(1) Adjusted EBITDA is a non-GAAP measure. See a reconciliation table below

 

“The strong business momentum we have experienced during the first three quarters of 2022 continued into the fourth quarter, said Doron Gerstel, Perion’s CEO. “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.”

25th Annual Needham Growth Conference

Perion will participate in the 25th Annual Needham Growth Conference on January 10-11 in New York. Maoz Sigron, Perion’s CFO will participate in a fire-side chat and will be available for one-on-one meetings with attending investors on that day.

 

The fire-side chat will take place on January 11th at 9:30AM Eastern Time. A live webcast will be available on the company’s website and can be accessed by clicking https://wsw.com/webcast/needham128/peri/2256336

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