On August 2 2023, PERION NETWORK ($NASDAQ:PERI) reported its earnings results for the second quarter of its fiscal year 2023, ending June 30 2023. The total revenue for the quarter reached USD 178.5 million, an impressive growth of 21.7% compared to the same period in the previous fiscal year. Net income was also up at USD 21.4 million – a 9.8% increase year-over-year.
The stock opened at $36.2, but ended the day at $35.0, down by 1.5% from its last closing price of $35.5. The company also highlighted the expansion of its client base during the quarter, with customers in various industries ranging from B2C to B2B. PERION NETWORK also reported strong organic growth in both new and existing customers, further highlighting the company’s ability to capture market share and increase profitability. Overall, PERION NETWORK’s reported second quarter earnings results were in line with market expectations, reaffirming the company’s commitment to long-term growth and profitability. With a strong balance sheet and a diverse portfolio of clients, PERION NETWORK is well-positioned for continued success in the years to come. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Perion Network. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
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Risk Rating Analysis
Star Chart Analysis
In the online advertising world, there are many companies that compete for market share. Among these companies are Perion Network Ltd, Snap Inc, LookSmart Group Inc, and Doumob. All of these companies offer slightly different services, but all are vying for a piece of the online advertising pie.
Snap Inc is a technology company that specializes in camera applications. It has a market cap of 15.42B as of 2022 and a Return on Equity of -20.9%. The company’s products include Snapchat, a photo messaging application that allows users to send photos and videos to friends and family; and Spectacles, sunglasses with an integrated video camera that allows users to record hands-free snaps.
– LookSmart Group Inc ($OTCPK:LKST)
The company’s market cap is 1.43M as of 2022. The company’s ROE is 4.28%. The company is a provider of online marketing services. The company offers services such as search engine optimization, pay per click management, and social media marketing.
Doumob is a social media company that operates in China. The company has a market capitalization of 121.9 million as of 2022 and a return on equity of -46.6%. The company operates a social media platform that allows users to share photos and videos. The company also operates a mobile messaging app that allows users to communicate with each other.
PERION NETWORK had a successful second quarter of 2023, with total revenue of USD 178.5 million and net income of USD 21.4 million – both representing strong year over year growth. The company saw particularly strong gains in the areas of digital advertising, software solutions and digital content. It has established itself as a leader in the industry, providing innovative products and services to its customers. Investors should consider PERION NETWORK as an attractive opportunity due to its demonstrated financial performance and potential for future growth.