Perion Network Revenue by Segment

Period Ending	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Display Advertising	351.26M	369.15M	394.16M	398.25M	402.21M	389.79M	371.97M	360.69M
Display Advertising Growth	-12.67%	-5.30%	5.97%	10.41%	19.31%	22.07%	25.75%	35.94%
Search Advertising	251.65M	316.86M	361.64M	344.88M	316.39M	302.11M	288.13M	279.57M
Search Advertising Growth	-20.46%	4.88%	25.51%	23.36%	25.82%	30.41%	32.04%	31.14%

Operating Expense Breakdown

Period Ending	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Traffic Acquisition Costs	354.76M	408.14M	450.69M	432.94M	411.38M	397.03M	381.50M	372.60M
Traffic Acquisition Costs Growth	-13.76%	2.80%	18.13%	16.19%	19.62%	22.59%	25.44%	29.37%
Selling and Marketing	67.04M	63.31M	59.13M	57.99M	59.11M	57.53M	57.63M	56.01M
Selling and Marketing Growth	13.41%	10.05%	2.59%	3.53%	4.29%	0.90%	3.02%	5.27%
General and Administrative	39.09M	37.60M	35.01M	31.80M	29.55M	29.45M	28.51M	27.63M
General and Administrative Growth	32.25%	27.66%	22.81%	15.09%	11.02%	21.16%	26.87%	31.99%
Research and Development	36.94M	36.40M	34.52M	33.07M	33.64M	33.64M	33.74M	34.42M
Research and Development Growth	9.80%	8.19%	2.31%	-3.94%	-2.15%	-4.54%	-5.84%	-2.61%
Depreciation and Amortization	16.83M	16.66M	15.29M	14.09M	13.93M	14.21M	14.01M	13.84M
Depreciation and Amortization Growth	20.82%	17.21%	9.10%	1.84%	1.73%	19.29%	30.91%	39.82%
Change in Fair Value Consideration	-	-	-	18.69M	16.58M	10.79M	-	-

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.