Perion Reports Third Quarter 2018 Results

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Go back to Perion Reports Third Quarter 2018 Results

Perion Network (PERI) Reports Q3 EPS of $0.16, Revenues Beat; Affirms FY18 Adj. EBITDA Outlook

November 1, 2018 5:48 AM EDT

Perion Network (NASDAQ: PERI) reported Q3 EPS of $0.16, versus $0.00 reported last year. Revenue for the quarter came in at $65 million versus the consensus estimate of $62.8 million.

Management reiterated its expectation of Adjusted EBITDA of $29 million to $32 million for the full year of 2018.

Doron Gerstel, Perions CEO commented, In the third quarter, our ongoing efforts to strengthen Perions financial position resulted in a major financial milestone as long-term debt fell below our net cash levels the first time in four years. With our expense restructuring effort largely completed, we are... More