Perion Network Ltd Expects FY23 Revenue $730M-$750M (Prior $725M-$745M) Vs $737.89M Est, Adjusted EBITDA to Contribution Ex-TAC of 54% (Prior 50%)
Portfolio Pulse from Benzinga Newsdesk
Perion Network Ltd has updated its FY23 revenue forecast to $730M-$750M, up from the previous estimate of $725M-$745M. The company also expects its adjusted EBITDA to Contribution Ex-TAC to be 54%, an increase from the prior 50%.
August 04, 2023 | 10:58 am
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Perion Network Ltd has raised its FY23 revenue forecast and expects a higher adjusted EBITDA to Contribution Ex-TAC. This could potentially lead to a positive impact on its stock price.
Perion Network Ltd has raised its revenue forecast for FY23, which indicates that the company expects better financial performance than previously anticipated. This, along with the increase in expected adjusted EBITDA to Contribution Ex-TAC, suggests that the company's profitability might improve, which could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100