Published 25 days ago

Perion slides after slashing 2024 revenue forecast on Microsoft Bing changes

Summary by Channel News Asia

:Perion Network's U.S.-listed shares plunged more than 35 per cent on Monday, after the Israeli ad tech firm cut its annual revenue forecast, driven by a drop in search advertising due to changes at Microsoft's Bing. The company now expects 2024 revenue in the range of $590 million to $610 million, against it

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Channel News Asia

Perion slides after slashing 2024 revenue forecast on Microsoft Bing changes

25 days ago·Singapore

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Benzinga

Perion Network Ltd. (PERI) Plummets After Company Reveals Decline in Search Advertising Activity, Slashes 2024 Revenue Outlook By ~30% – Hagens Berman - Perion Network (NASDAQ:PERI)

SAN FRANCISCO, April 08, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Perion Network Ltd. (NASDAQ:PERI) investors who suffered substantial losses to submit your losses now. Visit: www.hbsslaw.com/investor-fraud/peri Contact An Attorney Now: PERI@hbsslaw.com 844-916-0895 Perion Network Ltd. (PERI) Investigation: On Apr. 8, 2024, the price of Perion shares cratered nearly 40% after the company announced preliminary Q1 2024 revenue results of $…

25 days ago·New York, United States

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WTVB

Perion slides as ad tech firm slashes 2024 forecast on Microsoft Bing changes

(Reuters) – Perion Network’s U.S.-listed shares plunged more than 35% premarket on Monday, after the Israeli ad tech firm cut its annual revenue forecast, driven by a drop in search advertising due to changes made by Microsoft’s Bing search engine. The company’s agreement with Microsoft, which was renewed in 2020, accounted for 35% of its revenue in 2022, according to its annual report. Changes in ad pricing and other mechanisms implemented …

25 days ago

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Globes

Perion plunges on Microsoft Bing search engine changes

The Israeli company has cut its annual guidance due to a drop in income from search advertising because of changes in pricing made by Microsoft's Bing search engine.

25 days ago

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