Perion Network Ltd. Reports $4.9 Million Profit in Q4
HOLON, Israel, April 19, 2023 - Perion Network Ltd. (PERI) announced a $4.9 million profit for its fourth quarter, with net income of 11 cents per share. Excluding stock option expenses and amortization costs, earnings reached 33 cents per share.
Despite falling short of Street expectations, the digital media company generated revenue of $129.6 million. Analysts surveyed by Zacks had forecasted $129.8 million.
For the full year, Perion Network reported a profit of $12.6 million, or 25 cents per share, on revenue of $498.3 million. The company anticipates full-year revenue between $400 million and $420 million for the upcoming year.