Perion Network Ltd. announced on March 10, 2025, that its Board of Directors authorized a $50 million expansion of its existing share repurchase program. This increases the total authorization to $125 million from the previous $75 million.
As of December 31, 2024, the company had already repurchased 5.2 million shares, totaling $46.8 million under the prior authorization. The expanded program demonstrates the company's commitment to enhancing shareholder value.
This move reflects management's belief in the intrinsic value of Perion's shares and its strong financial position. The additional capital allocation for buybacks can reduce the number of outstanding shares, potentially boosting earnings per share.
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