Jun. 4 at 7:51 PM
$PERI From IR: I understand your perspective, and it is entirely fair to scrutinize the top-line numbers and the immediate market reaction. However, I would like to provide some important context regarding our Q1 results and our overarching operational strategy to address your concerns.
Revenue vs. True Growth Engines: While our
$90.4 million revenue represents 1% year-over-year growth, Q1 is inherently the seasonally lowest quarter in our industry. More importantly, the number reflects a shift in our product mix. As we transition clients to Perion One, more of our revenue is recognized on a net basis rather than gross. The true health and adoption of our technology are better captured by Perion One Spend (up 6% y/y) and Perion One Contribution ex-TAC (up 7% y/y).
Macro Environment Headwinds: Yes, we (and I believe others in our industry) are experiencing macro challenges. Rising oil prices and geopolitical tensions have created uncertainty, prompting advertisers to shorten....
