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Perion Reports Strong Q1 Growth, Navigates New Microsoft Bing Ad Pricing Successfully

Perion Network Ltd (NASDAQ:PERI) reported fiscal first-quarter 2024 revenues of $157.82 million, up 9% year over year. Revenues beat Wall Street's estimate of $156.82 million. The company reported adjusted EPS of $0.44, beating the analyst consensus estimate of $0.23. Average Daily Searches increased by 20% year-over-year to 31.6 million in the quarter under review. The number of Search Advertising publishers increased by 8% year-over-year. Retail Media revenue ...