PERI Overview

U.S. Stock Market Performance: U.S. stocks showed mixed results, with the Dow Jones index increasing by over 300 points on Wednesday.

Pharming Group's Financial Success: Pharming Group N.V. saw a significant share price increase of 5.9% to $17.17 after reporting better-than-expected Q3 results and raising its FY25 sales guidance.

Notable Stock Gains: On Holding AG's shares surged 23% to $43.27 following positive Q3 results, while BigBear.ai Holdings gained 20.1% to $7.28 after announcing an acquisition and strong quarterly results.

Other Companies with Strong Performance: McGraw Hill, Perion Network, ChipMOS Technologies, Datavault AI, and CorMedix also reported substantial gains in their stock prices after positive financial results.

Quarterly Performance: Perion Network Ltd reported third-quarter adjusted earnings of 28 cents per share, exceeding analysts' expectations, with revenue of $110.46 million, an 8% increase year-over-year.

Traffic Acquisition Costs: TAC for the quarter was $59.5 million, representing 54% of revenue, while contribution ex-TAC rose 7% to $51.0 million, leading to a significant increase in adjusted EBITDA by 63% year-over-year.

Segment Growth: Advertising Solutions revenue grew by 8% to $87.7 million, with notable increases in CTV revenue (75%) and DOOH revenue (26%), although Web channel revenue saw an 11% decline.

Share Repurchase and Outlook: The company repurchased 0.8 million shares for $7.5 million and increased its share repurchase program to $200 million, while reaffirming its full-year revenue guidance of $430 million to $450 million.

Partnership Announcement: Perion Network Ltd. and Albertsons Media Collective have formed a strategic partnership that allows advertisers to utilize Albertsons' extensive first-party shopper data across Perion's high-impact display and Digital Out-Of-Home (DOOH) advertising formats.

Enhanced Advertising Capabilities: This collaboration enables marketers to engage over 100 million verified shoppers through personalized, dynamic campaigns that span the entire purchase journey, supported by advanced measurement tools and AI-driven optimizations.

Introduction of SODA: Perion Network Ltd. has launched SODA, an AI-powered suite designed to optimize supply path efficiency and maximize revenue for digital publishers through advanced algorithms and real-time mediation.

Key Features and Benefits: SODA offers capabilities such as smart mediation, enhanced demand-side synergy, revenue growth opportunities, transparency in supply performance, and improved site efficiency, making it a significant tool for publishers in the digital advertising landscape.