Top 8 Must-See AI News Updates Investors Should Not Miss

5. Perion Network Ltd. (NASDAQ:PERI)

Number of Hedge Fund Holders: 21

Perion Network Ltd. (NASDAQ:PERI) offers data and AI-powered technologies through the Perion One platform to agencies, brands, and retailers to help them address the challenges of modern advertising and secure better results from their marketing investments across digital channels.

On February 19th, the company posted a 45% YoY drop in Q4 revenue to $129.6 million from $234.2 million due to muted revenue from the Advertising Solutions segment, as Open Web Video revenue fell 61% YoY. Meanwhile, Search Advertising revenue tanked by 78% YoY after previously announced changes implemented by Microsoft Bing in 2024. Despite a full-year 2024 drop in revenue and diluted EPS to $335.6 million and $1.27, respectively, the company set 2025 revenue guidance between $400 million and $420 million.

“Earlier this month, we announced our transformational ‘Perion One’ strategy and platform. This strategy will unify our brands and technologies into one advanced platform named ‘Perion One’, which will support our position as the partner of choice for brands, agencies, and retailers navigating the complexities of modern advertising. Perion One will harness advanced AI algorithms to help solve these challenges for our customers while aiming to optimize our cost structure and enhance our ability to scale in a more profitable way.”

-said Tal Jacobson, CEO of Perion Network Ltd.