Perion Network Ltd. (NASDAQ:PERI) shares are trading lower after the company reported second-quarter FY24 results. Revenue declined 39% Y/Y to $108.7 million, beating the consensus of $107.0 million. Retail Media revenue rose 75% Y/Y to $17.6 million, making up 24% of Advertising Solutions revenue. CTV revenue rose 42% Y/Y to $10.2 million, accounting for 14% of Advertising Solutions revenue. On a pro forma basis, DOOH revenue rose 41% Y/Y to $13.0 million. Also, Open Web Video revenue fell 66% YY and Search Advertising revenue decreased 57% Y/Y. Average Daily Searches declined 43% Y/Y to 16.3 million, and the average number of Search Advertising publishers decreased by 40% to 95. Adjusted EBITDA tumbled 81% ...