Perion Network Q2: Retail Media and CTV Bright Spots Amid Overall Weakness
Perion Network Q2: Retail Media and CTV Bright Spots Amid Overall Weakness
Perion Network Ltd. (NASDAQ:PERI) shares are trading lower after the company reported second-quarter FY24 results.
Perion Network有限公司（納斯達克股票代碼：PERI）發佈第二季度FY24業績報告後，股價下跌。
Revenue declined 39% Y/Y to $108.7 million, beating the consensus of $107.0 million.
營業收入同比下降39%至1,087萬美元，超過預期的1,070萬美元。
Retail Media revenue rose 75% Y/Y to $17.6 million, making up 24% of Advertising Solutions revenue. CTV revenue rose 42% Y/Y to $10.2 million, accounting for 14% of Advertising Solutions revenue.
零售媒體營收同比增長75%至1760萬美元，佔廣告解決方案營收的24%。CTV營收同比增長42%至1,020萬美元，佔廣告解決方案營收的14%。
On a pro forma basis, DOOH revenue rose 41% Y/Y to $13.0 million. Also, Open Web Video revenue fell 66% YY and Search Advertising revenue decreased 57% Y/Y.
按照調整後的數據，數字戶外廣告營收同比增長41%至1,300萬美元。此外，開放式網絡視頻營收同比下降66%，搜索廣告營收同比下降57%。
Average Daily Searches declined 43% Y/Y to 16.3 million, and the average number of Search Advertising publishers decreased by 40% to 95.
平均每日搜索次數同比下降43%至16.3百萬次，搜索廣告發布商的平均數量下降40%至95。
Adjusted EBITDA tumbled 81% Y/Y to $7.7 million, with adjusted EBITDA to Contribution ex-TAC contracting to 15% from 54%.
調整後的EBITDA同比下降81%至770萬美元，調整後的EBITDA與Contribution ex-TAC的比例從54%縮小至15%。
Adjusted EPS of $0.26 (-69% Y/Y) exceeded the consensus loss of $0.01.
調整後每股收益爲0.26美元（同比下降69%），超過預期的每股虧損0.01美元。
Adjusted Free Cash Flow was negative $11.4 million vs. $47.2 million a year ago. As of June-end, cash and cash equivalents, short-term bank deposits, and marketable securities totaled $407.1 million.
調整後的自由現金流爲負1140萬美元，去年同期爲正4720萬美元。截至6月底，現金及現金等價物、短期銀行存款和可市場交易證券總額爲4,071萬美元。
As announced on April 8, Perion's Board approved expanding its share repurchase program from $50 million to $75 million.
正如4月8日宣佈的，Perion的董事會批准將其股票回購計劃從5000萬美元擴大至7500萬美元。
In the second quarter of 2024, Perion repurchased 2 million shares for approximately $20 million.
2024年第二季度，Perion回購了200萬股股票，價格約爲2000萬美元。
Outlook: Perion Network reiterated FY24 revenue at $490 million – $510 million, vs. consensus of $499.88 million, and adjusted EBITDA of $48 million – $52 million.
展望未來：Perion Network重申FY24營收在4,9000萬美元至5,1000萬美元之間，預估調整後的EBITDA爲4800萬美元至5200萬美元，市場共識爲4,998.8萬美元。
Tal Jacobson, Perion's CEO, said, "This quarter, our technology has been extended to run on YouTube CTV, the second-largest CTV platform in the US. Perion's ability to help brands reach valuable audiences allowed us to add world-class brands, including Walgreens, Ford, Burger King, and Direct Energy, to our customer roster."
Perion的首席執行官Tal Jacobson表示:"本季度，我們的技術已經擴展到了YouTube CTV上，這是美國第二大CTV平台。Perion幫助品牌達到有價值的受衆的能力，讓我們的客戶名單增加了包括Walgreens、福特、漢堡王和直接能源在內的世界級品牌。"
"The acquisition of Hivestack is already bearing fruit and aligns well with our short and long-term strategy. This quarter, the DOOH advertising technology, established through the acquisition of Hivestack in December 2023, showed significant growth of 41%."
"Hivestack公司的收購已經開始運行，符合我們的短期和長期策略。本季度，數字戶外廣告技術通過2023年12月收購Hivestack公司建立，展示了顯著的41％增長。"
"I'm pleased to announce that effective August 1, 2024, our current CFO, Maoz Sigron, will be promoted to COO."
"我很高興地宣佈，自2024年8月1日起，我們現任的首席財務官Maoz Sigron將被提升爲首席運營官。"
Price Action: PERI shares are down 2.12% at $8.33 at the last check Wednesday.
Perion Network Ltd.（PERI）股價最近一次檢查時下跌2.12％至8.33美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
譯文內容由第三人軟體翻譯。