Perion Network Expects Q2 Revenue Of $176.0M (Up 20% YoY) Vs Consensus $169.88M, Adj EBITDA $40M (Up 40% YoY)
Portfolio Pulse from Benzinga Newsdesk
Perion Network Ltd. (PERI) has announced preliminary results for Q2 2023, expecting a revenue of $176.0M, up 20% YoY, and an adjusted EBITDA of $40M, up 40% YoY. These figures exceed the consensus estimate of $169.88M for revenue.
July 06, 2023 | 7:38 am
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Perion Network's Q2 2023 preliminary results exceed consensus estimates, with a 20% YoY increase in revenue and a 40% YoY increase in adjusted EBITDA.
Perion Network's Q2 2023 preliminary results exceed consensus estimates, which is generally a positive signal for investors. The significant YoY increases in both revenue and adjusted EBITDA indicate strong financial performance, which could lead to a positive short-term impact on the stock price.
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