Perion Network Stock Falls After Missing Q1 Revenue Estimates
Shares of Perion Network (NASDAQ: PERI) dropped nearly 15% after the adtech company reported first-quarter revenue below estimates despite strong performance in growth areas like Connected TV and digital out-of-home advertising. The stock's decline reflects concerns over its struggling legacy ad business.
Tickers: $PERI
Topics: adtech connected tv (CTV) digital out of home (DOOH) revenue decline