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0.000815660685155103 -0.000815660685154958 -0.000815660685154958 0.000815660685155103 0.00244698205546502 -0.00326264274061983 -0.00407830342577479 -0.00367047308319738
Stock impact report

Why Perion Network Stock Was Falling Today [Yahoo! Finance]

Perion Network Ltd - Ordinary Shares (PERI) 
Last perion network ltd - ordinary shares earnings: 2/12 02:30 am Check Earnings Report
US:NASDAQ Investor Relations: perion.com/ir-info
Company Research Source: Yahoo! Finance
Wednesday morning that initially pleased the market but reversed later in the session. On Thursday, that slide continued as investors had more time to assess the state of the business after Microsoft slashed its payments to ad partners like Perion, causing the stock to plunge by roughly 40% in early April. Today, Perion stock was down 3% as of 12:04 p.m. ET after slipping 0.5% yesterday. Perion has a long road back First-quarter results weren't directly affected by the Microsoft change, as that happened after the quarter ended. Perion said revenue in the quarter rose 9% to $157.8, which was slightly better than the consensus at $156.8 million. However, all of the company's growth came from its search advertising segment, which is closely connected to Microsoft Bing. Search revenue was up 26% to $82 million, while ad solutions revenue, its other segment, fell 5% to $75.8 million. Within the ad solutions segment, the company saw strong growth in retail media, which was up 13 Show less Read more
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