Strong Preliminary Second Quarter Results and Robust Second Half Business Pipeline – Increases Revenues and Adjusted EBITDA Guidance for 2021

TEL AVIV & NEW YORK–(BUSINESS WIRE)–Perion Network Ltd. (NASDAQ: PERI), a global advertising technology company that delivers comprehensive solutions across the three main pillars of digital advertising – ad search, social media, and display / video / CTV – today announced preliminary results for the second quarter of 2021, along with increased guidance for full year 2021 revenues and Adjusted EBITDA. The new guidance is based on a strong first half of 2021 coupled with a robust revenues pipeline going into the second half of the year.

Preliminary results

($M)

Q2 2020

Actual Results

Q1 2021

Actual Results

 

 

 

Q2 2021

Preliminary Results

Sequential

Quarterly Growth

Year Over

Year Growth

Total Revenues

$60.3

$89.8

$105

17%

74%

Adjusted EBITDA

$2.5

$8.8

$13.5

53%

440%

Main highlights:

  • Perion’s Hub and Spoke business model which successfully connects both…

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