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Here’s why brokers revised their ratings on Perion (NASDAQ: PERI) post Q1 2023 results
Image Source: Pexels
Perion received upgraded broker recommendations after the release of its financial results for Q1 2023. The company’s results highlighted its performance in the adtech industry across its three primary channels of digital advertising.
The company offers online advertising services to its clients. Some of Perion’s products and services include Smilebox, Codefuel and Undertone. Its major revenue stream is search fees and online advertising services.
Perion announced its Q1 2023 results on May 3, 2023, showcasing 16% revenue growth and 54% increase in net income. In the current recessionary phase, Perion’s financial results hold significance as other companies in the industry have hardly performed well.
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