Perion Network Ltd. (PERI) Plummets After Company Reveals Decline in Search Advertising Activity, Slashes 2024 Revenue Outlook By ~30% – Hagens Berman

Hagens Berman, National Trial Attorneys, Encourages PERI Investors with Substantial Losses to Contact Firm’s Attorneys Investigating Possible Securities Law Violations

SAN FRANCISCO - Hagens Berman urges Perion Network Ltd. (NASDAQ: PERI) investors who suffered substantial losses to submit your losses now.


Contact An Attorney Now: [email protected], 844-916-0895

Perion Network Ltd. (PERI) Investigation:

On Apr. 8, 2024, the price of Perion shares cratered nearly 40% after the company announced preliminary Q1 2024 revenue results of $157 million and slashed its previous FY 2024 revenue outlook given only 2 months ago by a whopping 30% to approximately $590 - $610 million. This represents an approximate year-over-year decline in revenues of between $153 - $133 million, or about a 20% - 18% decline from FY 2023 revenues.

Although Perion had previously touted its “expanded relationship” with Microsoft Bing, on Apr. 8, 2024 the company blamed its revenue revisions on ad pricing and other mechanisms implemented by Microsoft Bing in its Search Distribution marketplace and said it saw a decline in its Search Advertising activity during Q1 2024.

“We are investigating when Perion first became aware that its key partner, Microsoft Bing, would or did implement adverse changes in advertising prices,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Perion and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Perion investigation, read more »

Whistleblowers: Persons with non-public information regarding Perion should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

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