Perion Network Ltd. (NASDAQ:PERI) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET
Company Participants
Doron Gerstel - CEO & Director
Maoz Sigron - CFO
Conference Call Participants
Jason Helfstein - Oppenheimer
Laura Martin - Needham
Mark Kelley - Stifel
Eric Martinuzzi - Lake Street Capital Markets
Jeff Martin - ROTH Capital Partners
Operator
Welcome to Perion Network First Quarter 2022 Earnings Conference Call. Today's conference call is being recorded.
The press release detailing the financial results is available on the company's website at perion.com.
Before we begin, I'd like to read the following safe harbor statement. Today's discussion includes forward-looking statements. These statements reflect the company's current views with respect to future events. These forward-looking statements involve known and unknown risks, uncertainties and other factors, including those discussed under the heading Risk Factors and elsewhere in the company's annual report on Form 20-F that may cause actual results, performance or achievements to be materially different and any future results, performance or achievements anticipated or implied by these forward-looking statements. The company does not undertake to update any forward-looking statements to reflect future events or circumstances.
As in prior quarters, the results reported today will be analyzed both on a GAAP and non-GAAP basis. While mentioning EBITDA, we will be referring to adjusted EBITDA. We have provided a detailed reconciliation of non-GAAP measures to their comparable GAAP measures in our earnings release, which is available on our website and has also been filed on Form 6-K.
Hosting the call today are Doron Gerstel, Perion's Chief Executive Officer; and Maoz Sigron, Perion's Chief Financial Officer.
I would now like to turn the call over to Doron Gerstel. Please go ahead.
Doron Gerstel
Thank you, Kevin, Hi, everyone. I hope you can hear me well. I'm Doron Gerstel, I'm the CEO. Together with me is Maoz Sigron, who is our CFO. And thanks for joining our first quarter of 2022 earnings call.
Let's get started. So earlier today, we've been reported that the first quarter of 2022 was a record for revenue and EBITDA, revenue first, but I very much would like to emphasize on this call that even though it's a huge growth, it is definitely not the onetime event. And that's the reason I would like very much to share with you that in the last three years and that's the reason I highlighted here the first quarter of 2029 -- the first quarter of 2022 the first quarter of 2029 the 2021 and of course, the current quarter, where you're able to see that this is a sustained and predictable business model, which is very much the theme of my presentation today. So I very much would like to take you what is behind it?