Perion Network stock fell 13% after missing earnings expectations and providing lower revenue guidance.

From Nasdaq: 2025-02-21 18:53:39

Adtech company Perion Network (NASDAQ: PERI) saw its stock price drop nearly 13% after missing earnings expectations. Total sales for the fourth quarter were down by almost 45%, with search advertising falling by 78% and advertising solutions declining by 13%. Non-GAAP net income plummeted by 70% but beat analyst estimates. Analysts are concerned about the company’s full-year revenue guidance of $400-420 million, below the expected $469 million. Lake Street Capital Markets cut its price target on the stock to $10.50 per share. In a challenging media environment, Perion will need to show growth potential to investors.



Read more at Nasdaq: Why Perion Network Stock Crumbled This Week