Perion Network Updates Q2, 2024 Financial Guidance Due To Microsoft Bing Advertising Pricing Changes And Decline In Revenue From Standard Video And Display Formats
Portfolio Pulse from Benzinga Newsdesk
Perion Network has updated its Q2 2024 financial guidance due to changes in Microsoft Bing advertising pricing and a decline in revenue from standard video and display formats.
June 10, 2024 | 11:05 am
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Perion Network has revised its Q2 2024 financial guidance due to changes in Microsoft Bing advertising pricing and a decline in revenue from standard video and display formats.
The update in financial guidance indicates potential challenges in revenue generation due to external factors such as changes in Microsoft Bing advertising pricing and a decline in standard video and display formats. This could negatively impact investor sentiment and short-term stock price.
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