Business
Perion Reports $12.9 Million in GAAP Net Income and $32.4 Million in Adjusted EBITDA for Full Year 2019
Annual Revenue Grows for the First Time in Three Years Q4 2019 Highlights: Total Revenues of $78.3 million, increased 9% year-over-year; GAAP Net Income of
About this update from Perion Network Ltd
[{"type":"text","content":"\nAnnual Revenue Grows for the First Time in Three Years \n\n\nQ4 2019 Highlights:\n\n\n\nTotal Revenues of $78.3 million, increased 9% year-over-year;\n\n\nGAAP Net Income of $5.9 million, increased 20% year-over-year;\n\n\nGAAP Earnings Per Share of $0.22, increased 16% year-over-year;\n\n\nAdjusted EBITDA of $12.2 million, increased 6% year-over-year;\n\n\nNet cash provided from operations was $11.2 million; increased 158% year-over-year;\n\n\nNet cash Increased from $2.7 million to $45.0 million over the last 12 months.\n\n\n\nFull-Year 2019 Highlights:\n\n\n\nTotal Revenues of $261.5 million, increased 3% year-over-year;\n\n\nGAAP Net Income of $12.9 million, increased 59% year-over-year;\n\n\nGAAP Earnings Per Share of $0.49, increased 58% year-over-year;\n\n\nAdjusted EBITDA of $32.4 million, increased 10% year-over-year;\n\n\nNet cash provided from operations was $44.7 million; increased 36% year-over-year.\n\n\n\n \n\n TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--\nPerion Network Ltd. (NASDAQ: PERI), a global technology company that delivers its Synchronized Digital Branding solution across the three main pillars of digital advertising - ad search, social media and display / video advertising - announced today its financial results for the fourth quarter and year ended December 31, 2019.\n\n\nFinancial Highlights*\n\n\n(In millions, except per share data)\n\n\n\n\n \n\n\n\nThree months ended\n\n\n\n \n\n\n\nYear ended\n\n\n\n \n\n\n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n%\n\n\n\n \n\n\n\n2019\n\n\n\n \n\n\n\n2018\n\n\n\n \n\n\n\n%\n\n\n\n \n\n\n\n\n\nAdvertising revenues\n\n\n\n$\n\n\n\n26.4\n\n\n\n \n\n\n\n$\n\n\n\n37.3\n\n\n\n \n\n\n\n-29%\n\n\n\n \n\n\n\n$\n\n\n\n87.9\n\n\n\n \n\n\n\n$\n\n\n\n126.0\n\n\n\n \n\n\n\n-30%\n\n\n\n \n\n\n\n\n\nSearch and other revenues\n\n\n\n$\n\n\n\n51.8\n\n\n\n \n\n\n\n$\n\n\n\n34.7\n\n\n\n \n\n\n\n+49%\n\n\n\n \n\n\n\n$\n\n\n\n173.6\n\n\n\n \n\n\n\n$\n\n\n\n126.9\n\n\n\n \n\n\n\n+37%\n\n\n\n \n\n\n\n\n\nTotal Revenues\n\n\n\n$\n\n\n\n78.3\n\n\n\n \n\n\n\n$\n\n\n\n72.0\n\n\n\n \n\n\n\n+9%\n\n\n\n \n\n\n\n$\n\n\n\n261.5\n\n\n\n \n\n\n\n$\n\n\n\n252.8\n\n\n\n \n\n\n\n+3%\n\n\n\n \n\n\n\n\n\nGAAP Net Income\n\n\n\n$\n\n\n\n5.9\n\n\n\n \n\n\n\n$\n\n\n\n4.9\n\n\n\n \n\n\n\n+20%\n\n\n\n \n\n\n\n$\n\n\n\...