Perion Network: Fourth Quarter Financial Highlights

Perion Network Ltd. Announces Fourth Quarter Financial Results

Perion Network Ltd., headquartered in Tel Aviv, Israel, disclosed on Wednesday that it earned $8 million in profit during the fourth quarter.

The company reported a net income of $0.19 per share. After accounting for stock-based compensation and expenses related to mergers and acquisitions, adjusted earnings stood at $0.49 per share.

Perion, a digital media firm, generated $137.1 million in revenue for the quarter, surpassing analyst expectations. According to a survey by Zacks, analysts had anticipated $136.7 million in revenue.

Looking at the full year, Perion posted a net loss of $7.9 million, or $0.19 per share, with total annual revenue reaching $439.9 million.

This article was produced by Automated Insights using financial data from Zacks Investment Research.