Perion Network Exceeds Previously Issued Guidance; Expects 2019 Adjusted EBITDA to Reach at Least $30 Million

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TEL AVIV, Israel & NEW YORK–(BUSINESS WIRE)–Jan 6, 2020–

Perion Community Ltd. (NASDAQ: PERI), a world expertise firm that delivers Synchronized Digital Branding options throughout the three principal pillars of digital promoting – Advert Search, Social media and Show / Video, introduced right now that primarily based on preliminary and unaudited outcomes, administration expects Perion’s adjusted EBITDA for 2019 to exceed steering of $25 to $27 million and attain at the least $30 million. This enchancment is the results of greater revenues than internally anticipated.

The Firm will launch its fourth quarter and full-year 2019 monetary outcomes on Wednesday, February 12, 2020 earlier than the Nasdaq market open.

Perion administration will host a convention name to debate the outcomes at 8:30 a.m. ET that day.

Name particulars:

About Perion Community Ltd.

Perion is a world expertise firm that delivers promoting options to manufacturers and publishers. Perion is dedicated to offering data-driven execution, from high-impact advert codecs to branded search and a unified social and cellular programmatic platform. Extra details about Perion could also be discovered at www.perion.com.

Ahead Trying Statements:

This press launch accommodates historic info and forward-looking statements throughout the which means of The Non-public Securities Litigation Reform Act of 1995 with respect to the enterprise, monetary situation and outcomes of operations of Perion. The phrases “will”, “imagine,” “count on,” “intend,” “plan,” “ought to” and related expressions are supposed to establish forward-looking statements. Such statements replicate the present views, assumptions and expectations of Perion with respect to future occasions and are topic to dangers and uncertainties. Many elements might trigger the precise outcomes, efficiency or achievements of Perion to be materially completely different from any future outcomes, efficiency or achievements which may be expressed or implied by such forward-looking statements, or monetary info, together with, amongst others, the failure to understand the anticipated advantages of firms and companies we acquired and will purchase sooner or later, dangers entailed in integrating the businesses and companies we purchase, together with worker retention and buyer acceptance; the chance that such transactions will divert administration and different assets from the continuing operations of the enterprise or in any other case disrupt the conduct of these companies, potential litigation related to such transactions, and common dangers related to the enterprise of Perion together with intense and frequent modifications within the markets during which the companies function and on the whole financial and enterprise situations, lack of key clients, unpredictable gross sales cycles, aggressive pressures, market acceptance of latest merchandise, incapability to satisfy effectivity and value discount targets, modifications in enterprise technique and numerous different elements, whether or not referenced or not referenced on this press launch. Varied different dangers and uncertainties could have an effect on Perion and its outcomes of operations, as described in studies filed by the Firm with the Securities and Change Fee on occasion, together with its annual report on Type 20-F for the 12 months ended December 31, 2018 filed with the SEC on March 19, 2019. Perion doesn’t assume any obligation to replace these forward-looking statements.

View supply model on businesswire.com:https://www.businesswire.com/information/dwelling/20200105005089/en/

CONTACT: Perion Community Ltd.

Investor relations

Rami Rozen

+972 52 5694441

ramir@perion.com

KEYWORD: UNITED STATES NORTH AMERICA ISRAEL MIDDLE EAST NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT ADVERTISING COMMUNICATIONS TECHNOLOGY MOBILE/WIRELESS FINANCE

SOURCE: Perion Community Ltd.

Copyright Enterprise Wire 2020.

PUB: 01/06/2020 02:45 AM/DISC: 01/06/2020 02:45 AM

http://www.businesswire.com/information/dwelling/20200105005089/en

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