Perion Network Ltd. Updated Second Quarter and Full Year Guidance for the Year 2024
June 10, 2024 at 12:01 pm
Perion Network Ltd. revised earnings guidance for the second quarter and full year of 2024. For the second quarter, the company expects revenue of $106 million to $108 million. The company has also seen a recent decline in revenue from standard video and display formats. The company believes these declines reflect market conditions as well as a transition to higher premium formats that offer advertisers higher ROI. period continues to see increased revenue from higher premium formats but not at a level sufficient to offset the revenue decrease from this change.
For the fiscal year 2024, the company expects revenue of $490 million to $510 million.