Name: Why Perion Network Stock Plummeted Today
Uploaded: 2024-04-09T01:04:03-04:00
Duration: 5 min
Description: Shares of Perion Network (NASDAQ: PERI) plummeted more than 40% on Monday after the digital advertising products and services company announced far weaker-than-expected preliminary first-quarter 2024 results. Perion also reduced its full-year outlook. On Perion’s slow start to the new year In a press release this morning, Perion said it expects first-quarter 2024 revenue to […]

Tag: Perion

Why Perion Network Stock Plummeted Today

Shares of Perion Network (NASDAQ: PERI) plummeted more than 40% on Monday after the digital advertising products and services company announced far weaker-than-expected preliminary first-quarter 2024 results. Perion also reduced its full-year outlook. On Perion’s slow start to the new year In a press release this morning, Perion said it expects first-quarter 2024 revenue to […]

Perion slides as ad tech firm slashes 2024 forecast on Microsoft Bing changes

(Reuters) – Perion Network’s U.S.-listed shares plunged more than 35% premarket on Monday, after the Israeli ad tech firm cut its annual revenue forecast, driven by a drop in search advertising due to changes made by Microsoft’s Bing search engine. The company’s agreement with Microsoft, which was renewed in 2020, accounted for 35% of its […]