Perion Network (NASDAQ: PERI) was up in morning trading on Wednesday as the advertising technology company announced its preliminary results and now expects its revenues to surge 30% year-over-year in Q4 to $205 million.
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Adjusted EBITDA in the fourth quarter is likely to soar 63% year-over-year to $47 million. Perion is expected to announce its Q4 results on February 8.
The company also stated that the number of publishers adopting its monetization platform grew 25% year-over-year to 260 in Q4.
PERI stock has increased by 7.5% in the past year.
