Perion Network (NASDAQ:PERI) Full Year 2024 Results

Key Financial Results

• Revenue: US$498.3m (down 33% from FY 2023).
• Net income: US$12.6m (down 89% from FY 2023).
• Profit margin: 2.5% (down from 16% in FY 2023).
• EPS: US$0.27 (down from US$2.44 in FY 2023).

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.

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

Perion Network EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the United States (U.S.) segment contributing a total revenue of US$373.0m (75% of total revenue). Notably, cost of sales worth US$332.6m amounted to 67% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$68.5m (43% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$7.22m. Explore how PERI's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the Media industry in the US are expected to grow by 2.5%.

Performance of the American Media industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Perion Network is showing 3 warning signs in our investment analysis and 1 of those is significant...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.