Perion Network (NASDAQ:PERI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$102.2m (down 45% from 3Q 2023).

• Net income: US$2.11m (down 94% from 3Q 2023).

• Profit margin: 2.1% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.045 (down from US$0.69 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Perion Network Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is expected to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.6%.

Performance of the American Media industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Perion Network (1 is significant!) that we have uncovered.

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