Dual Ferion Network (NYSE: PERI) today published preliminary results for the fourth quarter of 2022, according to which the company’s revenues are expected to grow by about 30% compared to the corresponding quarter to about $205 million?
The adjusted EBITDA in the fourth quarter is expected to jump by about 63% compared to the corresponding quarter to about 47 million dollars, and the adjusted EBITDA rate is expected to increase to about 53% of the total revenues minus media costs, compared to 45% in the corresponding quarter.
On an annual level, Perion’s revenues are expected to grow by approximately 33% to approximately $636 million, and the adjusted EBITDA is expected to jump by approximately 88% to approximately $131 million in 2022.
“The strong business momentum we experienced in the first three quarters of 2022 continued in the fourth quarter,” said Prion CEO Doron Gerstel. “The excellent results in the fourth quarter prove that our business model is a strong and stable growth engine based on the smart HUB we developed, which connects to one central system the supply and demand assets of Perion. This unique advantage allows us to maximize operational efficiency and at the same time the economic value for customers. We encourage Our ability to expand market shares through a significant increase in the number of content sites adopting our monetization platform. The number of content sites implementing our innovative solutions increased by approximately 25% compared to last year and reached 260.”
Ferion will publish its financial results for the fourth quarter on February 8, before the opening of trading on Nasdaq. Following the publication of the results, a conference call will be held at 15:30 Israel time, with the participation of the company’s CEO, Doron Gerstel, and the CFO, Maoz Segron.