Perion Network's shares tumbled over 40% following a disappointing preliminary first-quarter 2024 report, with revenue falling notably below analyst estimates, and adjusted EBITDA decreasing by 36% year over year.
The company attributed the decline in performance to changes made by Microsoft Bing in its Search Distribution marketplace, causing adverse effects on search advertising volume and web video activity.
[
add
]
[
|
|
...
]