Perion’s Strong and Sustained Momentum Continues, Reports 36% Year-over-Year Revenues Growth in the First Quarter of 2021
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Perion Network (PERI) Tops Q1 EPS by 17c, Revenues Beat; Offers FY21 Revenues Guidance Above Consensus
May 4, 2021 6:42 AM EDTPerion Network (NASDAQ: PERI) reported Q1 EPS of $0.19, $0.17 better than the analyst estimate of $0.02. Revenue for the quarter came in at $89.8 million versus the consensus estimate of $86.18 million.
Financial Comparison for the First Quarter of 2021
Revenues: Revenues increased by 36% (or 26% on a pro forma basis), from $66.1 million in the first quarter of 2020 to $89.8 million in the first quarter of 2021. This increase was primarily attributable to a 61% (or 32% on a pro forma basis), increase in Display and Social Advertising revenues, mainly from the CTV solution which served as a key driver to... More