Why Perion Network Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Perion Network Ltd's shares are trading higher following the company's preliminary Q2 2023 results. The company expects to report revenues of $176.0 million, a 20% increase year-over-year, and adjusted EBITDA of $40.0 million, a 40% increase year-over-year. The company's incoming CEO, Tal Jacobson, attributes the positive results to the company's executional agility, technological innovation, and market fit. The company will announce its Q2 2023 financial results and an updated annual outlook on August 2, 2023.
July 06, 2023 | 9:28 am
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Perion Network Ltd's shares are trading higher following the company's positive preliminary Q2 2023 results. The company expects to report a 20% Y/Y increase in revenues and a 40% Y/Y increase in adjusted EBITDA.
The company's shares are trading higher due to the positive preliminary Q2 2023 results. The expected increase in revenues and adjusted EBITDA indicates a strong financial performance, which is likely to positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100