{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-036198","form_type":"8-K","ticker":"SST","cik":"0001805833","company_name":"System1, Inc.","filed_at":"2024-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.588523+00:00","generated_at":"2026-05-31T11:09:19.579656+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"System1 Q2 revenue $94.6M, net loss $34.8M; O&O sessions surge 145% YoY","bullets":["Revenue $94.6M, down 2% YoY from $96.9M; net loss from cont. ops $34.8M vs $29.5M loss.","Adjusted EBITDA improved to $9.9M from $6.1M in Q2 2023.","O&O revenue $77.4M; sessions 2.0B (+145% YoY); cost-per-session fell to $0.02 from $0.06.","Partner Network revenue $17.2M, down from $19.6M; sessions 2.1B.","O&O direct adjusted gross profit $27.4M vs $27.6M a year earlier."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-036198","json":"https://secwatch.observer/filing/0001628280-24-036198.json","markdown":"https://secwatch.observer/filing/0001628280-24-036198.md","text":"https://secwatch.observer/filing/0001628280-24-036198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000162828024036198/0001628280-24-036198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000162828024036198/sst-20240808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T11:09:19.579656+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}