Business
Perion Network Exceeds Previously Issued Guidance; Expects 2019 Adjusted EBITDA to Reach at Least $30 Million
Company Schedules Fourth Quarter and Annual 2019 Earnings Release and Conference Call for February 12, 2020 TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--
About this update from Perion Network Ltd
[{"type":"text","content":"\nCompany Schedules Fourth Quarter and Annual 2019 Earnings Release and Conference Call for February 12, 2020\n\n TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--\nPerion Network Ltd. (NASDAQ: PERI), a global technology company that delivers Synchronized Digital Branding solutions across the three main pillars of digital advertising - Ad Search, Social media and Display / Video, announced today that based on preliminary and unaudited results, management expects Perion’s adjusted EBITDA for 2019 to exceed guidance of $25 to $27 million and reach at least $30 million. This improvement is the result of higher revenues than internally expected.\n\n\nThe Company will release its fourth quarter and full-year 2019 financial results on Wednesday, February 12, 2020 before the Nasdaq market open.\n\n\nPerion management will host a conference call to discuss the results at 8:30 a.m. ET that day.\n\n\nCall details:\n\n\n\nConference ID: 8170302\n\n\nDial-in number from within the United States: 1-800-289-0438\n\n\nDial-in number from Israel: 1809 212 883\n\n\nDial-in number (other international): 1-323-794-2423\n\n\nPlayback available until February 19, 2020 by calling 1-844-512-2921 (United States) or 1-412-317-6671 (international). Please use PIN code 8170302 for the replay.\n\n\nLink to the live and archived webcast accessible at https://www.perion.com/ir-info/\n\n\n\nAbout Perion Network Ltd.\n\n\nPerion is a global technology company that delivers advertising solutions to brands and publishers. Perion is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. More information about Perion may be found at www.perion.com.\n\n\nForward Looking Statements:\n\n\nThis press release contains historical information and forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 with respect to the business, financial condition and results of operations of Perion. The words “will”, “believe,” “expect,” “intend,” “plan,” “should” and similar expressions are intended to identify forward-looking statements. Such statements reflect the current views, assumptions and expectations of Perion with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results, performance or...